Things to know about ownership documents.
There are many types of land ownership documents, such as reservation certificates, investigation certificates, certificates of utilization, certificates of beneficial use, and condominium ownership certificates, etc. However, no document is as important and useful as a land title deed.
Therefore, those interested in or who own land need to know the characteristics of this document and why it differs from other documents.
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Types of Land Ownership Documents
Before we discuss the special features of a land title deed, let's get to know the important types of documents showing land ownership, which can be summarized as follows:
1. Reservation Certificate
This is a document issued by the government to individuals to show their consent to occupy and utilize land that the government has temporarily provided for cultivation. The government periodically opens opportunities for citizens to reserve this type of land in different areas.
2. Land Occupation Notification Form
This is proof of land occupation, indicating that the person notifying occupies land that does not yet have a title deed. The person notifying the right of occupation can use this document to apply for a land title deed or a certificate of beneficial use.
3. Certificate of Beneficiary
This is a certificate issued by a land department official stating that... 1. Land Use Certificate: This document shows that the individual has already utilized the land.
2. Land Use Certificate: This is a certificate issued to members of self-help settlements as proof that they have utilized the land within the self-help settlement area for more than 5 years, as mandated by the Department of Social Development and Welfare.
3. Land Investigation Certificate: This is a document showing the investigation conducted before issuing a land title deed. It indicates that the Land Department has investigated the land rights. In the past, issuing land title deeds took a very long time, so the Land Department issued an investigation certificate to landowners to use as proof of ownership while awaiting processing.
4. Condominium Ownership Certificate: This is a document showing ownership of a condominium or apartment building. It details the condominium, such as the land area on which the condominium is located, the floor number of the unit, and the usable area of the unit.
5. Land Title Deed: This is a document proving that the landowner has complete rights to the land according to the Land Code. This document is issued by the Land Department and contains the most detailed information about the land, such as its area, shape, width, length, boundaries with surrounding land, land boundary markers, and the portion of land adjacent to a public road or street, as well as the names of the first to the current landowners.
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How is a land title deed better than other land ownership documents?
After briefly understanding the different types of land ownership documents, let's look at how a land title deed differs from other types of ownership documents and what advantages it offers.
1. Right to not utilize the land: A landowner holding a land title deed has the right to leave the land vacant for up to 10 years. This differs from holders of a reservation certificate, who must begin utilizing the land within 6 months and complete the process within 3 years from the date of receipt.
2. Clearer and more standardized land mapping: This document specifies the actual measured land size and scale, unlike land utilization certificates which are merely abstract maps or aerial photographs.
3. More complete area details than other ownership documents: A land title deed clearly shows the boundaries and location of the land.
4. Full right to protect their land: This includes preventing trespassing or disputes within their property. 5. A land title deed can be used as legal evidence or collateral for various purposes, such as proof of capital, collateral for loans, security for employment, and even as proof of bail for suspects or defendants.
6. The owner of this document has the full right to sell, transfer, subdivide, or mortgage the land.
7. The holder of a title deed can mortgage it to invest the proceeds, while the land remains intact.
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From the above information, it can be seen that land title deeds have many benefits, both in terms of practical use, finance, and law. Therefore, they are considered more important than other types of land ownership documents. Those who own or are about to buy land with a title deed should know the basic laws regarding land title deeds to protect their rights and avoid unintentionally violating the law. They should also know how to verify the authenticity of a land title deed to avoid being deceived by fraudsters.
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Source of this article: DD Property
