Standard Operating Procedures for Transaction Registration

A. Objectives:

In the case that the buyers and sellers agree to transfer the rights of the registered land or buildings to the other party, while the other party offers payments for exchange upon signing the written contracts, the related party shall apply for the transfer of rights with the registration competent authority so that the transfer of rights is valid.
 

B. Related Laws and Regulations:

• I. Land Act
• II. Land Tax Act
• III. Equalization of Land Rights Act
• IV. Apartment Building Regulations
• V. Agricultural Development Act
• VI. Public Housing Act
• VII. Deed Tax Act
• VIII. Regulations for Land Registration
• IX. Supplemental Regulations on Documents for Land Registration Application
   

C. ID, Documents, Tables, and Attachments Needed for Application:

• I. Registration application form
• II. Transaction contract for transfer of rights
• III. Ownership certificate
• IV. ID(s) of the applicant(s)
• V. Personal seal certification of the obligator
• VI. Certificate for land value increment tax
• VII. Receipt of deed tax, certificate of tax exemption, or certificate of transfer agreement
• VIII. Other needed documents regulated by the Central Land Administration