Subdivision (sale of part of a property) (the Netherlands)

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Presentation transcript:

Subdivision (sale of part of a property) (the Netherlands) Jaap Zevenbergen – 17-4-2003 RE Agent collects information Cadastral Reg. Seller and Buyer reach Oral Agreement Written contract including description of part of property Notary can witness this Buyer selects notary and sends him documents Notary makes searches in Cadastral Reg., latest deed, (maybe also in Commercial, Civil Registers or Cad. Map) Cadastral Reg., Public Reg., Cadastral Map Notary drafts deed of transfer, incl. description of property (sometimes a sketch) and bill Buyer arranges payments Notary receives all money Notary checks Cadastral. Reg. Cadastral Reg. All parties sign transfer deed Notary sends copy to Cad.Ag Recorded in Public Register and entered in Cadastral Registration on part-parcel Request for survey is generated Notary checks Cadastral. Reg. Notary pays all the money Buyer and Seller receive extracts using part-parcel no’s Notary receives stamped deed

Agency’s surveyor logs request as part of reserve Gets triggerd to start, invites parties for point-out Both, one or none of owners come to point-out; Bourndary is pointed out Do they agree? N Agency’s surveyor tries to get them to agree Y Do they agree now? Y Is it in line with the registered description? N N Notary has to send in deed of rectification Y Surveys boundary, updates cadastral map, assign new parcel numbers (also in cadastral reg.), archives field documents Cadastral surveyor stops, Parties have to take action, Part-parcels remain in cad.reg. Both owners receive extracts on new (full) parcel numbers