Important Information About Land Allocation Certificate and Title Deed from CEESS Global
In the world of real estate, there are various documents and processes that can be encountered in the process of owning property. One of these documents is the land allocation certificate. As CEESS Global, we provide important information to clarify the differences between land allocation certificate and title deed.
What is a Land Allocation Certificate?
A land allocation certificate is an official document showing that the state or public institutions grant individuals or organizations the right to use a land under certain conditions. This document, which is frequently used within the scope of mass housing projects, especially in areas where zoning plans have not yet been made or newly zoned, grants the right to use the land for a certain period of time. Those who have this document can build buildings or realize other projects on the land under certain conditions.
Does the Land Allocation Certificate Replace the Title Deed?
A land allocation certificate is not a substitute for a title deed. A title deed is a document that fully documents the right of ownership, is issued by the state and grants the property owner full ownership rights over the land. The title deed gives the property owner full rights over the land and these rights are not limited to any period of time.
On the other hand, a land allocation certificate only grants the right to use the land, and these rights usually expire after a certain period of time or may be canceled. It is not legally possible to sell, transfer or make any other transaction without a title deed.
With Land Allocation Certificate