Publication date: 10.06.2024
Registering a share in Portugal: discover worry-free property ownership
Portugal is a country that attracts with its unique atmosphere, rich culture and magical views. If you dream of not only enjoying this fabulous country, but becoming a full-fledged owner of real estate, the process of registering a share may seem complicated and confusing. However, by following clear instructions, you can make the process as stress-free and transparent as possible.
Before you start registering a share, it is important to understand what a share is in the context of Portuguese law. A share is a share in the common ownership of real estate, giving the right to use a certain area or premises. Registration of a share is a legal procedure that secures ownership rights to this share.
Checking documentation and collecting necessary documents
The first step is to thoroughly review all documentation associated with the property. This includes sales contracts, floor plans, building permits and other legal documents. It is important to ensure that all information is accurate and up to date.
Registration of redevelopment or legalization of changes
If redevelopment has been carried out in the property or any changes have been made without proper permission, it is necessary to go through the procedure of legitimizing these changes. This may include registration of redevelopment, legalization of a superstructure, extension, or even legalization of the entire building.
Obtaining ownership by acquisitive prescription
If you have already owned real estate for a long period, but do not have legal rights to it, you can use the procedure for acquiring ownership by acquisitive prescription. This will allow you to legally register ownership based on actual possession within the legal period.
Share registration
After you have collected all the necessary documentation and resolved all legal issues, it is time to directly register the share. This process involves submitting an application to the National Real Estate Registry (Conservatória do Registo Predial), paying the necessary fees and waiting for the case to be processed.
When registering a share, it is important to comply with all the requirements of Portuguese law and provide only reliable information. This will help avoid any legal complications in the future.
Obtaining a certificate of ownership
After successful registration of the share, you will receive a certificate of ownership (Certidão de Teor), legally securing your rights to a share in the common ownership of the property. This document is extremely important because it allows you to freely dispose of your property and protects your rights in case of any disputes.
It should be noted that the process of registering a share in Portugal may vary depending on the specific situation and characteristics of the property. Therefore, it is recommended to contact experienced lawyers or real estate agencies who are knowledgeable about local legislation and can provide professional assistance at every stage.
Registering a share is an important step to ensure safe and confident ownership of real estate in Portugal. By following all the necessary procedures, you will be able to obtain legal confirmation of your rights and enjoy worry-free use of property in this wonderful country.
Below are some additional tips to help make the process of registering a share in Portugal as efficient as possible:
1. Carefully check all documentation related to the property before starting the registration process. This will help avoid any unexpected problems or delays.
2. If you discover that illegal changes have been made to the property, do not hesitate to legalize these changes. This may make the registration process much more difficult in the future.
3. If you have already owned real estate for a long time, but do not have legal rights, consider purchasing the property by acquisitive prescription.
4. When submitting an application for registration of a share, be careful and provide only reliable information. Even minor errors can lead to delays or failure.
5. Do not hesitate to seek professional help from lawyers or real estate agencies. Their experience and knowledge of local laws can greatly facilitate the registration process.
6. Be patient and prepare in advance for the fact that the process of registering a share in Portugal may take some time. However, if you meet all the necessary requirements, you will be able to complete it successfully.
Registering a share in Portugal is an important step towards carefree real estate ownership in this magical country. With careful preparation and professional assistance, you can secure your property rights and enjoy all the benefits of a Portuguese property.
