In house advertisements posted on social networks, the phrase "package-title deed" is often encountered. With this expression, intermediaries presenting the real estate claim that the house is supposedly not without documents. However, experts warn that the concept of "package-title deed" does not legally create ownership rights.
Medianews.az, referring to ATV, reports that according to real estate expert Ramil Osmanli, the fact that a citizen pays money for any house does not automatically mean that they are the owner. Ownership rights over the property are only confirmed by a document registered with the state registry ("title deed"). This document, commonly called "title deed" among the public, is the only legal ownership document of real estate.
Documents presented in advertisements as "package-title deed" usually include a municipal certificate, the house’s sketch or plan drawing document, technical passport, utility payment receipts, power of attorney, and sometimes an evaluation opinion issued by a private company. However, these documents neither individually nor collectively create ownership rights.
Sales conducted without a title deed are not formalized by notary procedure and this is considered illegal. Through the title deed, it is accurately determined whether the property is mortgaged, sold to another person, or if there are any restrictions.
People who buy a house with a "package-title deed" may face serious legal and financial risks. Since purchasing real estate requires significant financial responsibility, citizens are advised not to engage in house sales without a title deed.
