standarization and management of real estate transactions niki varvataki, apostolos arvanitis

Standarization and Management Standarization and Management of Real Estate Transactionsof Real Estate Transactions

Niki Varvataki, Apostolos ArvanitisNiki Varvataki, Apostolos Arvanitis

Object:Object: Proposal for Reformation of Notarial Documents Proposal for Reformation of Notarial Documents

Rights Registration : Rights Registration : Person Oriented System of Land RegistriesPerson Oriented System of Land Registries

Land Oriented Cadastral System

Comparison Relatively to the Comparison Relatively to the Content of: Content of: • Notarial Documents

• Abstracts of Transcriptions

• Declaration of Rights for the Compilation of Cadastre under the Law 2308/95

Comparison’s Conclusion: Comparison’s Conclusion:

Need for: • Positive determination of real estate’s spatial data • Irrevocable determination of the beneficiaries and the rights applied on the real estate

Proposal for Procedures Modification Proposal for Procedures Modification that includes:that includes:

1. Database designed according to Technical Specifications of National Cadastre

2. Program which has the following possibilities via automated procedures:

• Accepts ready abstracts of transcriptions• Informs notaries database• Produces ready abstracts• Completes Cadastral Declarations

Proposal for Procedures Modification Proposal for Procedures Modification that includes:that includes:

Accepts ready abstracts of transcriptions

Proposal for Procedures Modification Proposal for Procedures Modification that includes:that includes:

Accepts ready abstracts of transcriptions

Proposal for Procedures Modification Proposal for Procedures Modification that includes:that includes:

Informs notaries database

Proposal for Procedures Modification Proposal for Procedures Modification that includes:that includes:

Produces ready abstracts

Proposal for Procedures Modification Proposal for Procedures Modification that includes:that includes:

Completes Cadastral Declarations

Consideration:Consideration:

• Prospect of real estates integration in the National Cadastre

Conclusions:• Adaptation of abstracts of transcriptions

to the content of “Cadastral Declaration”

• Notaries education towards the direction of compatibility between Notarial Documents that will be drawn up in the future and Technical Specifications of National Cadastre