Useful Articles
Real Estate Registration
In the state service centers, you can get documents and services that you may need after the purchase of a real estate, for example:
- The conveyancing attorney receives the deed of sale and all the necessary documents required to register the transfer of the property.
- Once the home loan has been approved, the conveyancing attorney prepares the documentation for signature by all parties.
- The conveyancing lawyer will prepare a statement of account detailing all transfer costs and bond registration costs that have to be paid.
- The different lawyers involved with the property must liaise with each other to ensure that all documents are lodged simultaneously at the Deeds Office.
- The conveyancer will lodge the documents that he has prepared for registration in the deeds office. If there is a bond to be registered the bond attorney will lodge the bond documents in the Deeds Office for registration simultaneously with the transfer documents.
- The parties are given final accounts reflecting the Purchase price and all adjustments on, for example, rates, levies, occupational rent and any deposits or other amounts already paid.
- The property is now registered in the buyer’s name. All financial arrangements are usually finalised within 24 hours of registration.
Intellectual Property
Intellectual property (IP) is the product of the human mind. IP includes inventions, literary and artistic works, symbols, names, and images used for commercial purposes.
Legal systems let IP be protected, for example, through patents, copyrights and trademarks, allowing people to gain recognition or financial rewards for their inventions or works. By balancing the interests of inventors and the general public, the IP system helps to enable creativity and innovation to flourish.
About Personal Data Protection
On September 1, 2015, a law entered into force: it obliges personal data operators to process and store the personal data using databases hosted in the US. Since some of the terms and wording used in this regulation are subject to different interpretations, the Ministry of Communications has prepared clarifications to it.
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