In Peru, the increase in the population and the high demand for housing have turned the purchase of land into a more attractive option. Therefore, the informal property formalization agency (Cofopri) It establishes restrictions that prevent the immediate sale of newly titled properties.
This regulation is intended to protect citizens and prevent illegal land traffic, an activity that has been on the rise in recent years. In this sense, obtain a Title of Property No Cost It may seem a great opportunity to sell a home; However, it is essential to consider certain limitations. According to Cofopri, the property cannot be sold immediately.
Free property title in Cofopri: What is the requirement?
For those who still do not have the title of Cofoprithe entity has announced changes in the degree process, eliminating the need to present the proof of possession, a requirement that was previously mandatory. However, an essential criterion remains in force: applicants must prove that they have occupied their land directly, peaceful, continuous and public for at least one year before the date of registration.
To complete the procedure, it is essential to present the National Identity Document (DNI) and basic services receipts such as water, light, cable or telephone. Likewise, documentation that supports ownership, such as self -assessment, a will or a sale contract must be included.
Cofopri: How many years should they spend before selling or transferring a home in 2025?
Those who receive a free property title may not sell or transfer the land for five years, as established by Cofopri. This restriction, contemplated in the Law No. 31056seeks to protect families that really require these titles and avoid the marketing of land, a frequent practice among land traffickers. In addition, the standard expands the titration deadlines for informal possessions, strengthening access to formal property.
Property transfer obtained in Cofopri: What consequences does it have?
If a person owns a property registered in his name in the country, he will not be able to access a property title free of charge. In addition to that, if a land entitled is transferred before turning five, the operation will be considered void and will not be able to register in the SUNARP LETTE registry. In these cases, Cofopri It has the power to reverse property in favor of the State, thus guaranteeing compliance with the regulations.
Cofopri in the formalization of the property: What function does it fulfill?
Cofopri, the informal property formalization agency in Peru, has as its main mission the regularization of informal property. To do this, identify human settlements, awarded state properties and regulates urban authorization. Additionally, design and execute property formalization processes, promoting the degree and transferring knowledge to local governments.
The entity also manages the national urban cadastre and offers technical and legal advice to municipalities, guaranteeing that formalized properties are governed by the legal framework. However, although Cofopri is responsible for granting property titles, the Urban property record He is responsible for officially registering them.
Finally, if you have a free property title, you should consider established restrictions. For five years, the sale of your home will be prohibited, so it is essential to respect this rule to avoid legal inconveniences.
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Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
