The property register may reject a purchase option if the seller was not properly notified
08 Aug 202669 views
Who is affected:
Buyers with purchase options, sellers, notaries and property registrars
Summary
The General Directorate rules that attempting to notify the grantor of a purchase option is insufficient if effective delivery is not achieved. Without valid notification, unilateral exercise cannot be registered.
Detailed analysis
PRO
The DGSJFP confirms the registral refusal to register a deed of unilateral exercise of a purchase option because notification to the grantor (Noski Inversiones SL) could not be served as the company was not found at its address. Consolidated doctrine requires that the terms agreed and registered be strictly complied wi…
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