This is the limit of years that you should expect to sell or transfer your property with free property title of Cofopri: how many are?

The informal property formalization agency (COFOPRI) plays an essential role for millions of Peruvians who wish to obtain Property titles For your properties. In this way, the registration process gives families the necessary legal certainty over their homes.

The formalization of housing not only helps reduce conflicts for tenure, but also facilitates access to bank loans and promotes a better urban planning. Therefore, Cofopri makes visits through brigades in charge of register land in urban and rural areas.

How many years should an owner wait to sell a property with a free property title of Cofopri?

The informal property formalization agency indicated that those who receive a title of property will be prohibited to transfer or sell the formalized land during a period of five years. This measure seeks to prevent the commercialization of land, one of the main activities of land traffickers.

“If it is detected that the batch entitled is transferred, within the framework of Law 31056 and its Regulations, Cofopri is empowered immediately to reverse the property in favor of the State, declaring the null transfer and prevented from being registered in the Registry of Land of the National Superintendence of Public Registries (SUNARP), ”said Víctor Crisologist Galván, General Manager of Cofopri.

Although Cofopri does not have the direct authority to face land traffic, a function that falls to the National Police of Peru, the Public Ministry and the Judiciary, Víctor Crisologist considers that these measures are deterrence through these regulations.

What are the impediments to access the free property titles of Cofopri?

Cofopri reported that free access to the property title will not be granted to those who already have a registered property in their name in the Public recordsregardless of the location within the country.

Víctor Crisologist stressed that the procedure will be carried out through a data crossing with the National Superintendence of Public Registries (SUNARP). This analysis will verify if the person requesting the title, as well as their spouse or cohabiting, has another property in its possession. In this situation, the degree will not be granted for free.

What are the requirements to obtain the property title?

Cofopri indicated that the process of Degree has changed, since it eliminated the need to present the Proof of possessiona requirement that was required on previous occasions. However, an essential requirement is maintained: applicants must show that they have occupied their lot directly, peaceful, continuous and public for at least one year before the date of registration.

To be registered, the owners must submit the following documents:

• National Identity Document (DNI).
• Basic services receipts such as light, water, cable or telephone.
• Documents that prove ownership, such as: Autovalúo, proof of possession, testament, sale contract.