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The good and bad of pending legislation on real estate reform

Santo Domingo.- Former Supreme Court Chief justice Jorge Subero Wednesday said if the bill for the National Property Titling Strategy is approved and enforced by president Danilo Medina, would pose a threat to judicial security and Real Estate Law.

Calling it a serious situation, Subero said the proposed legislation would take the Deeds Registry and Property Jurisdiction out of the Judiciary and pass to the Finance Ministry. “What it means is that those who haven’t registered and finalized their land, the State will initiate a procedure to expropriate them in its name. That is, under the name of the State itself.

“This is unconstitutional. It is unacceptable for the same reasons we have indicated Property Law in the Constitution, “argued Subero.

Medina announced the “National Real Estate Strategy Degree” in his inaugural speech on 16 August.

Expert warns of moot modernization

For the ex director of National Cadastre and legal consultant Ingrid Lavandier, the bill has its positive points but also cautioned against transferring the tasks of the Deeds Registry and Property Jurisdiction to a government agency.

“The fact that the Inter-American Development Bank financed the modernization of the current system with 10 million dollars should sweep away any notion of taking the Deeds Registry out of the Judiciary,” Lavandier said.

Interviewed Thursday by Huchi Lora and Patricia Solano on Telesistema, the real estate legal expert added that the enforcement of the new legislation would be “chaotic” because in her view, “every inch of the national territory has an owner.”

Source: Dominican Today

Category: DR News |

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Last updated March 23, 2017 at 9:28 PM
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