Peruvians who get free property title in Cofopri can only sell or transfer their home after these years

The sale of land has gained attractive in Peru due to population growth and the greatest demand for housing. Therefore, the Informal Property Formalization Agency (Cofopri) imposes regulations that limit the immediate sale of land with legalized titles.

This measure seeks to protect citizens and avoid illegal land traffic, an activity that has grown in recent years. In that sense, obtaining a free property title may seem an ideal opportunity to sell housing, but there are restrictions that you should consider. According to Cofopri, you cannot sell your property immediately.

Cofopri: How many years should they spend before selling or transferring a home in 2025?

Cofopri He has established that those who obtain a property title free of charge may not transfer or sell the land for a period of five years. This measure aims to prevent the commercialization of land, which is one of the most common activities among land traffickers. The Law No. 31056which expands the deadlines for informal possessions, includes this restriction to protect families that really need these titles.

What are the consequences of the transfer of property obtained in Cofopri?

In case it is detected that a land entitled is transferred before the five -year period takes place, Cofopri has the power to reverse the property in favor of the State. This means that the transfer will be declared void and may not be registered in the SUNARP PLACE REGISTRY. In addition, it is important to note that free access to the property title will not be available for those who already have another property registered in their name in the country.

Cofopri: What requirements do I need to obtain the title of property?

For those who still do not have the Cofopri titleThe institution announced modifications in the degree process, eliminating the requirement to present the proof of possession, a requirement that was previously mandatory. However, a fundamental aspect is maintained: applicants must demonstrate that they have occupied their lot directly, peaceful, continuous and public for a minimum period of one year before the date of registration.

To complete the procedure, it is necessary to present the National Identity Document (DNI) and basic services receipts such as light, water, cable or telephone. In addition, it is necessary to provide documents that support ownership, such as the self -evaluation, testament or sale contract.

What functions does Cofopri fulfill in the formalization of the property?

The informal property formalization agency (Cofopri) It is a public entity that is responsible for regularizing informal property in Peru. Their functions include designing, regulating and executing the process of formalization of property property, as well as promoting the degree and transfer of knowledge to local governments. Cofopri also deals with identifying human settlements, awarding state of the State and regularizing urban qualification.

In addition, the entity manages the national urban cadastre and provides technical and legal assistance to municipalities, which ensures that formalized property transactions are maintained within the legal framework. Although Cofopri assumes exclusive powers until the granting of property titles, the registration of these titles is the responsibility of the Urban Property Registry.

In short, if you have received a Free property titleit is essential that you be aware of the restrictions imposed by Cofopri. The sale of your home will not be possible for five years, and it is important to comply with these regulations to avoid legal problems in the future.