Legal tip 560. New Decree... when about Law 57/68?
Friday, July 8, 2011 @ 10:23 AM
New Decree published yesterday: Safety for real estate transactions… what about reform of law 57/68?
These are some of the modifications recently established by the Government on real estate transactions safety:
· Negative meaning of silence if f Administration does not answer on licenses files within 3 months from application.
· No deed declaring the end of works of a new building will be registered if there is no First Occupation License
· Obligatory recordind in the Land Registry of Planning sanctions processes for the protection of good faith third parties
What about reform of Law 57/68 and legal clarification of liabilities of Banks established in provision 1.2 of that law? When? It is good the clarification is happening through Case Law though!! Good for brave Judges!
Costa Ballena, Costa de la Luz by Mirindas 27 at Flickr.com