An extract from the public registry and the registration of rights to immovables are two sides of one system: the registry of rights to immovables is the central part of the public registry of Georgia — it is here that ownership and the rights and obligations connected with it are registered, here that the extract necessary for transactions is prepared, and here that questions of the priority of rights are resolved. This page explains which rights are subject to registration, the role of cadastral surveying and of the extract, how pre-registration works, when abandonment of ownership and changes to land plots are registered, and how ownership of a building or its unit is registered.
The Extract from the Public Registry and Its Significance
An extract from the registry of rights to immovables is prepared on the basis of the unified databank of the registries of rights to immovables, public-law restrictions, tax pledges and mortgages, and debtors, and reflects the data registered and in force in those registries at the moment of its preparation. The extract is issued to any person and is prepared together with the decision on registration, while where registered data exist — upon payment of the corresponding fee. The content and form of the extract are determined by the instruction.
The following rule is particularly important: when a transaction or other legal act is carried out concerning an immovable, except the determination of the right of inheritance, the authority of the interested person is established only by an extract from the public registry. In practice this means that in a sale, gift or mortgage it is precisely this document — and not any other certificate — that reliably confirms the party's authority.