In China, obtaining a title deed is one of the formal procedures for the transfer of ownership of a home, and it represents your ownership of the property. After getting your title deed, it's crucial to do the following three things to avoid future troubles:
1.Check the title deed information:
After obtaining the real estate certificate, you should first carefully check whether the information on the certificate is consistent with the actual property situation and the sales contract. This includes the size of the house, address, owner information, etc. If there are any errors, you should contact the developer or the property office immediately to correct them.
2.Import registration and filing:
After getting the real estate certificate, you should go to the local real estate registration agency as soon as possible to register and file the property. This includes entering the owner information on the title deed into the real estate management system and completing the transfer of ownership of the property. Doing so ensures that your property rights are legally protected while providing valid legal documents for future property transactions, loans, and more.
3.Registration of mortgage on property (if a loan is required):
If you used a loan to buy a home, the bank will usually require you to register the title deed as a mortgage. This is to ensure that the loan is adequately secured and that if the borrower fails to repay the loan, the bank can recover the loan through the mortgaged property. To handle mortgage registration, it is necessary to submit relevant materials such as real estate certificate, ID card, household registration book to the real estate registration agency.
Once you have completed the above steps, you should also keep all the documents related to the purchase of the property, including the purchase contract, proof of payment, title deeds, etc., which may be required for future living, repairs, and resale of the property. At the same time, it is recommended to regularly pay attention to changes in property-related information to ensure that your rights and interests are not infringed.