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REGISTRATION OF REAL ESTATE ACT

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71 (Supp. 46)

REGISTRATION OF REAL ESTATE ACT

Act No. 536, Jan. 1, 1960

Amended by Act No. 2170, Jan. 1. 1970

Act No. 3158, Dec. 6, 1978

Act No. 3692, Dec. 31, 1983

Act No. 3726, Apr. 10, 1984

Act No. 3789, Sep. 14, 1985

Act No. 3859, Dec. 23, 1986

Act No. 4244, Aug. 1, 1990

Act No. 4422, Dec. 14, 1991

Act No. 4522, Dec. 8, 1992

Act No. 4592, Dec. 10, 1993

Act No. 5205, Dec. 30, 1996

Act No. 5592, Dec. 28, 1998

Act No. 6525, Dec. 19, 2001

Act No. 6631, Jan. 26, 2002

Act No. 6926, Jul. 18, 2003

Act No. 7357, Jan. 27, 2005

Act No. 7764, Dec. 29, 2005

Act No. 7954, May 10, 2006

Act No. 8435, May 17, 2007

Act No. 8852, Feb. 29, 2008

Act No. 8922, Mar. 21, 2008

Act No. 9401, Jan. 30, 2009

CHAPTER GENERAL PROVISIONS

Article 1 (Purpose)

The purpose of this Act is to prescribe matters on real estate registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 2 (Matters to be Registered)

Registration shall be filed with regard to indication of a sectioned building, and establishment, preservation, transfer, change, restriction on disposal or extinguishment of rights falling under any of the following:

1. Ownership;

2. Superficies;

3. Easements;

4. Rights to lease on a deposit basis; REGISTRATION OF REAL ESTATE ACT

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5. Mortgages;

6. Pledges of rights;

7. Leasehold interests. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 3 (Provisional Registration)

Provisional registration shall be filed for the purpose of preserving a claim for establishment, transfer, change or extinguishment of rights falling under any of the subparagraphs of Article 2. The same shall also apply to cases where such claim is subject to commencement of period or on condition precedent, or is to be fixed in the future.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 4 (Notice Registration)

Notice registration shall be filed in cases where a lawsuit for cancellation or restoration of registration due to nullity or revocation of grounds for registration has been instituted (including cases where a plaintiff who lost a lawsuit has instituted a lawsuit on appeal). However, this shall not apply to cases where such nullity or revocation cannot be set up against a third person acting in good faith.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 5 (Order of Priority for Rights Registered) (1) Except as otherwise provided for by any Act, the order of priority for rights registered with regard to the same real estate shall be in accordance with the order of registration.

(2) The order of registration shall be, from among registration forms, in accordance with the priority number for registration filed in the same district and in accordance with the receipt number for registration filed in other districts.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 6 (Order of Priority for Additional Registrations and Provisional Registrations)

(1) The order of priority for additional registrations shall be in accordance with that of main registrations. However, the order of priority for additional registrations themselves shall be in accordance with the order of such registrations.

(2) When provisional registration has been filed, the order of priority for the principal registrations shall be in accordance with that of the provisional registrations.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] 7

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CHAPTER REGISTRATION OFFICE AND

REGISTRATION OFFICER

Article 7 (Competent Registration Office)

(1) A district court, its branch court or a registration office having jurisdiction over the location of real estate which is the object of rights to be registered shall be the competent registration office. (2) When real estate is spread over the jurisdictions of several registration offices, the head of a higher court having jurisdiction over such registration offices shall designate the competent registration office upon receipt of applications from them.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 8 (Delegation of Jurisdiction)

The Chief Justice of the Supreme Court may have a registration office delegate the affairs falling under its jurisdiction to another registration office.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 9 (Transfer of Jurisdiction)

In cases where the location of real estate has been changed to come under the jurisdiction of another registration office, the former competent registration office shall transfer the registration form and attached documents thereto on such real estate or certified copies of such documents to such another registration office.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 10 (Suspension of Registration Affairs)

In cases where an accident compelling the suspension of registration affairs occurs in a registration office, the Chief Justice of the Supreme Court may order to suspend such affairs during a fixed period. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Articles 11 and 11-2 Deleted. Article 12 (Processing Registration Affairs)

A person (hereinafter referred to as registration officer ) designated by the chief judge of a district court (referring to the chief justice of a branch court in cases where he/she takes charge of affairs of a registration office; hereinafter the same shall apply) from among court officials of Grade working with the district court and its branch court, registry officials of Grade , administrative officers for registration and junior administrative officers for registration working with a registration office shall process REGISTRATION OF REAL ESTATE ACT

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registration affairs.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 13 (Exclusion of Registration Officer)

(1) No registration officer shall, when he/she or his/her relative within the fourth degree of relationship is an applicant for registration, register without the participation of not less than two persons who are adults having registered ownership at such registration office and are not his/her relatives within the fourth degree of relationship. The same shall apply to relatives even after such relationship has been terminated. (2) In cases under paragraph (1), a registration officer shall draw up a protocol, put his/her signature and seal thereon together with the participants.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] CHAPTER REGISTRY

Article 14 (Types of Registry)

(1) Registries shall consist of two types: land registry and building registry. (2) Registries under paragraph (1) shall be separate books for each lot of land in the Special Metropolitan City, each Metropolitan City and Si, and shall be separate books for each Eup or Myeon in an Eup or Myeon. However, in an Eup or Myeon where many cases of registration occur, registries may be separate books for each Dong or Ri or each lot of land. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 15 (Principle of Material Formation)

(1) In a registry, one form shall be used for one lot of land or one building. However, for sectioned buildings, one form shall be used for the whole building.

(2) In cases where real estate under the jurisdiction of the same registration office extends across several lots of land the registry for which has been established in partition, the form for such real estate shall be used for the registry of such single lot of land only.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 15-2 (Readjustment of Duplicate Registration) In cases where a registration officer finds that registration has been filed in duplicate for the same land, he/she shall readjust such registration in a way that one of the duplicate registration forms is kept and the other 7

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is made unusable according to the procedures prescribed by the Regulations of the Supreme Court.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 16 (Registry Form)

(1) A registry shall be divided into registration number column, title section, and two sections of Section A and Section B, and in the title section, an indication column and an indication number column shall be sectioned, and in each section, an item column and an priority number column shall be sectioned. Section B may, however, be omitted if no item is to be stated therein.

(2) In the registration number column, the number of each lot of land or each building site shall be stated.

(3) In the indication column, an indication as to land or building and matters concerning changes thereof shall be stated, and in the indication number column, the order of registration stated in the indication column shall be stated.

(4) In the item column of Section A, matters concerning ownership shall be stated.

(5) In the item column of Section B, matters concerning rights other than ownership shall be stated.

(6) In the priority number column, the order of registration stated in the item column shall be stated.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 16-2 (Registration Form for Sectioned Building) In a form under the proviso to Article 15 (1), title section and each section shall be sectioned for each sectioned part of a building. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 16-3 (Form for Common Area)

In a form for any common area of a building under Article 3 (2) and (3) of the Act on the Ownership and Management of Aggregate Buildings, its title section only shall be sectioned therein. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 17 (Seal on Registration Form)

The chief judge of a district court shall affix his/her official seal to each registration form.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 18 Deleted. REGISTRATION OF REAL ESTATE ACT

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Article 19 (Binder Book of Applications)

A registration office the whole or part of the registries of which have been destroyed or lost shall keep the binder book of the applications therein. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 20 (Preservation of Registries, etc.)

Registries, joint rosters and drawings shall be preserved permanently. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 21 (Issuance of Certified Copies or Abstracts, and Perusal of Registries)

(1) Anyone may request to peruse a registry or to issue a certified copy or an abstract of such registry with payment of fees as prescribed by the Regulations of the Supreme Court, and perusal of the attached documents to a registry may be requested for the parts only in which he/she has interests.

(2) Anyone may request to issue a certificate as to the following facts, with payment of fees:

1. Fact that no change has been made in the matters registered;

2. Fact that no registration on a certain matter has been filed;

3. Fact that no change has been made in the details of a certified copy or an abstract of a registry.

(3) Anyone may request to forward a certified copy or an abstract of a registry, or a certificate under paragraph (2) with payment of postage in addition to fees.

(4) The amount of fees referred to in paragraphs (1) and (2) and the scope of exemption shall be prescribed by the Regulations of the Supreme Court. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 22 Deleted. Article 23 (Prohibition on Transfer of Registries) (1) No registry nor any attached documents thereto shall be transferred outside a registration office except in cases of avoiding a war, natural disaster or other situations equivalent thereto: Provided, That applications or other documents attached thereto may be transferred outside a registration office with orders or commissions of a court. (2) The proviso to paragraph (1) shall not apply to the documents bound into the binder book of applications until an entry under Article 84 (1) is made.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] 7

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Article 24 (Destruction or Loss of Registries)

(1) Where the whole or part of a registry has been destroyed or lost, the Chief Justice of the Supreme Court shall make a public notice, with a fixed period not less than three months, to the effect that any person who applies for restoration of registration within such period shall maintain the former priority in such registry.

(2) The Chief Justice of the Supreme Court may, as prescribed by the Regulations of the Supreme Court, delegate the authority concerning the public notice for restoration from destruction or loss under paragraph (1) to the chief judge of a district court.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 25 (Measures for Prevention of Destruction or Loss) (1) When registries and documents attached thereto are likely to be destroyed or lost, the Chief Justice of the Supreme Court may issue orders to take necessary measures.

(2) The Chief Justice of the Supreme Court may, as prescribed by the Regulations of the Supreme Court, delegate the authority concerning orders for measures under paragraph (1) to the chief judge of a district court. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 26 (Closure of Registries)

(1) When the whole of a registry has been transcribed into a new registry, the old one shall be closed.

(2) The closed registry shall be preserved permanently. (3) Articles 14 and 21 shall apply mutatis mutandis to the closed registry. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] CHAPTER PROCEDURES FOR

REGISTRATION

SECTION 1 Common Provisions

Article 27 (Principles of Application)

(1) Unless there are any express provisions in any Acts to the contrary, no registration shall be filed without an application by the person concerned or upon the commission of a public office.

(2) Unless there are any express provisions in any Acts to the contrary, the provisions concerning registration by application shall apply mutatis REGISTRATION OF REAL ESTATE ACT

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mutandis to the procedures for registration upon commission. (3) Any person who intends to file for registration shall pay fees as prescribed by the Regulations of the Supreme Court. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 28 (Applicant for Registration)

Registration shall be filed by a person entitled to registration and an obligator for registration or his/her agent by presenting himself/herself at a registration office: Provided, That if such agent is an attorney or a certified judicial scrivener (including a law firm, a law firm with limited liability, a judicial association, or a joint corporation of judicial scriveners), he/she may have a clerk prescribed by the Regulations of the Supreme Court attend a registration office and apply for registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 29 (Applicants for Registration due to Court Judgment or Inheritance)

Any application for registration due to a judgment by a court may be filed individually by a person entitled to registration or a an obligator for registration who has won the case, and an application for registration due to inheritance may be filed individually by a person entitled to registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 30 (Applicants for Registration of Association, etc. other than Juristic Person)

(1) As for registration of real estate belonging to an association or foundation, other than families of the same clan, family members of the same clan, a juristic person which has the representative or manager, such association or foundation shall be a person entitled to registration or an obligator for registration.

(2) Applications for registration under paragraph (1) shall be filed in the name of such association or foundation by its representative or manager. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 31 (Application for Registration of Change in Registered Titleholder)

Applications for registration of change or revision of indication of a registered titleholder may be filed individually by the registered titleholder. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 32 (Registration of Seizure due to Disposition on Default) In cases where a public office entrusts registration of seizure due to 7

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disposition on default, it shall, on behalf of a registered titleholder or an heir, entrust a registration office with indication of real estate, change or revision of indication of the registered titleholder, or registration of transfer of rights due to inheritance.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 33 (Registration of Seizure due to Disposition on Default) Articles 52, 57 (3), 68 and 73 shall apply mutatis mutandis to registration under Article 32.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 34 (Registration of Transfer of Rights due to Disposition by Public Auction, etc.)

A public office which has made disposition by public auction shall, if it is requested by a person entitled to registration, entrust a registration office with registration of the following subparagraphs with a written commission accompanied by a document certifying the grounds for registration without delay:

1. Registration of transfer of rights due to disposition by public auction;

2. Cancellation of registration of rights extinguished due to disposition by public auction;

3. Cancellation of registration of seizure concerning disposition on default. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 35 (Registration of Rights on State or Public Real Estate) A public office shall entrust a registration office with registration of real estate owned by the State or a local government without delay at the request of a person entitled to registration with a written commission accompanied by a document certifying the grounds for registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 36 (Registration of Rights Acquired with Respect to State or Public Real Estate)

(1) When a public office has acquired rights to real estate, it shall entrust a registration office with registration of such right without delay a written commission accompanied by a document certifying the grounds for registration and a letter of consent of the obligator for registration. (2) In cases of a registration for change, revision or restriction on disposition of the rights to real estate a public office has acquired, where the public office is a person entitled to registration, it shall entrust a registration office with such registration ex officio, and where the public office is an REGISTRATION OF REAL ESTATE ACT

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obligator for registration, it shall entrust a registration office with such registration at the request of a person entitled to registration, with a written commission accompanied by a document certifying the grounds for registration without delay. However, it shall also attach a letter of consent of an obligator for registration thereto if the public office is a person entitled to registration.

(3) Registration of extinguishment of the rights to real estate acquired by a public office shall be entrusted without delay to a registration office by such public office, at the request of a person entitled to registration, with a written commission accompanied by a document certifying the grounds for registration.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 37 (Provisional Registration)

Any person entitled to provisional registration may apply for provisional registration with a written application accompanied by a letter of consent of the obligator for provisional registration or an original copy of the order of a provisional injunction.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 38 (Provisional Registration and Injunction) (1) A district court having jurisdiction over the location of real estate shall issue an order of provisional injunction of Article 37 in cases where a person entitled to provisional registration vindicates the grounds for provisional registration at his/her request.

(2) A person entitled to provisional registration may make an immediate appeal against a decision of rejection of the request under paragraph (1). (3) The Non-Contentious Case Litigation Procedure Act shall apply mutatis mutandis to an immediate appeal under paragraph (2). [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 39 (Notice Registration)

A court which has accepted a lawsuit prescribed by Article 4 shall entrust, without delay, notice registration to a registration office ex officio with a written commission accompanied by a certified copy or an abstract of a complaint.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 40 (Documents Required for Application for Registration) (1) When an application for registration is filed, the following documents shall be submitted: 7

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1. A completed application form;

2. A document certifying the grounds for registration;

3. A registration certificate concerning the right of an obligator for registration;

4. When permission, agreement or consent of a third party is necessary for the grounds for registration, a document certifying it;

5. When a representative applies for registration, a document certifying his/her authority;

6. When an application for registration of initial ownership of real estate or ownership transfer is filed, a document certifying the address of an applicant;

7. Where a juristic person is a person entitled to registration, a certified copy or an abstract of the corporate registry, and where an association or a foundation other than a juristic person (including an association or a foundation which has not completed its corporate registration in the Republic of Korea as a foreign juristic person; hereinafter the same shall apply) or a foreigner is a person entitled to registration, a document certifying the registration number for registration of real estate prescribed by Article 41-2;

8. Where an application for registration of ownership transfer is filed, a certified copy of land cadastre, forest land cadastre or building ledger, or other documents certifying an indication of real estate;

9. Where an application for registration of ownership transfer is filed with a sale and purchase agreement as a document certifying the grounds for registration, a certificate of trade report and a list of sale and purchase prescribed by the Regulations of the Supreme Court. (2) Deleted.

(3) Where a document certifying the grounds for registration is a court judgment which has execution power, it is not necessary to submit documents under paragraph (1) 3 and 4. Where an obligator for registration who has won the case applies for registration under Article 29, however, he/she shall submit the document under paragraph (1) 3.

(4) If registration on rights of an obligator for registration is filed by an application or a commission falling under the subparagraphs of Article 68 (1), a notice of the completion of registration under Article 68 (1) shall be submitted in lieu of the document under paragraph (1) 3.

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Article 41 (Matters to be Stated in Application Forms) (1) Matters falling under the following subparagraphs shall be stated in an application form to or on which an applicant shall state his/her name and affix his/her seal, or sign his/her name: Provided, That part of the stated matters may be omitted in case of registration prescribed by the Regulations of the Supreme Court:

1. The location and a lot number of real estate;

2. Land category and area;

3. Name or title and address of an applicant;

4. Where a representative applies for registration, his/her name and address;

5. Cause of registration and date, month and year thereof;

6. Purpose of registration;

7. Indication of a registration office;

8. Date, month and year;

9. Where an application for registration of ownership transfer is filed with a sale and purchase agreement as a document certifying the grounds for registration, the transaction value entered in the document under Article 40 (1) 9.

(2) When the name or title of a person entitled to registration is entered pursuant to paragraph (1) 3, his/her resident registration number shall also be entered. In such cases, if the person entitled to registration has no resident registration number, the registration number for registration of real estate under Article 41-2 shall also be entered. (3) When an application for registration under Article 30 is filed, not only the name and address of the representative or manager of an association or a foundation other than a juristic person but also his/her resident registration number shall be entered.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 41-2 (Procedure for Assigning Registration Numbers) (1) Registration number for registration of real estate (hereinafter referred to as registration number ) to be entered with the name and title of a person entitled to registration shall be assigned in the following manner:

1. Registration number for the State, a local government, an international organization or a foreign government shall be designated and publicly announced by the Minister of Public Administration and Security; 7

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2. Registration number for a Korean national residing abroad having no resident registration number shall be assigned by a registration officer of the registration office having jurisdiction over the seat of the Supreme Court, and registration number for a juristic person shall be assigned by a registration officer of the registration office having jurisdiction over the seat of its principal office (referring to the head office in cases of a company, and the domestic business office in cases of a foreign company);

3. Registration number for an association or a foundation other than a juristic person shall be assigned by the head of a Si (the head of a Gu in cases of a Si where Gus are established therein)/Gun;

4. Registration number for a foreigner shall be assigned by the chief of the Local Immigration Office or the chief of a branch office of the Local Immigration Office having jurisdiction over his/her place of sojourn (if he/she has no place of sojourn in the Republic of Korea, it shall be deemed that his/her place of sojourn is in the seat of the Supreme Court).

(2) Procedures for assigning registration numbers under paragraph (1) 2 shall be prescribed by the Regulations of the Supreme Court, and those for assigning registration numbers under paragraph (1) 3 and 4 shall be prescribed by Presidential Decree.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 42 (Cases of Buildings)

(1) If an object of the right to be registered is a building, its type, structure and area shall be stated in the application in addition to the matters under Article 41 (1) 1, 3 through 8, and if there are several buildings on one or several lots of land, their numbers shall be stated, and if there is any annexed building, its type, structure and area shall be stated. (2) In cases of paragraph (1), if a building is the one sectioned from a single building, the location, lot number, type, structure and area of such single building shall be stated, and if there are several buildings on one or several lots of land, their numbers shall be stated: Provided, That the matters in Article 41 (1) 1 shall not be stated.

(3) In cases of paragraph (2), when single building s number is stated in the application, the structure and area of such single building shall not be stated, except in cases where an application for registration for REGISTRATION OF REAL ESTATE ACT

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indication of the building or registration of initial ownership of real estate is filed.

(4) In cases of paragraph (2), when there is a matter which one cannot dispose of separate from a building in the sectioned building as the right to use a site under subparagraph 6 of Article 2 of the Act on the Ownership and Management of Aggregate Buildings (hereinafter referred to as right to a site ), such right shall be stated in the application. (5) When an application is filed pursuant to paragraph (4), if it falls under any of the following subparagraphs, the relevant agreement or notarial deed shall be attached to the application:

1. When land which is an object of the right to a site is a site of a building under Article 4 of the Act on the Ownership and Management of Aggregate Buildings;

2. When the ratio of the right to a site owned by each sectional owner is the ratio under the proviso to Article 21 (1) and (2) of the Act on the Ownership and Management of Aggregate Buildings;

3. When the right to use a site held by an owner of a partitioned building with regard to the land on which a building to which the partitioned building belongs is located under subparagraph 5 of Article 2 of the Act on the Management and Ownership of Aggregate Buildings is not the right to the site.

(6) In cases under paragraph (4), when land which is the object of the right to a site is under the jurisdiction of another registration office, a certified copy of such registry shall be attached to the application. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 43 (Cases of Special Agreement for Repurchase) In cases where an application for registration of a special agreement for repurchase is filed, the price paid by a purchaser and the cost for purchase shall be stated in the application, and the period for repurchase shall be stated if it is fixed in the grounds for registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 43-2 (Cases of Agreement on Extingishment of Rights) In cases where there is, as the grounds for registration, an agreement on extinguishment of the right which is an object of registration, such matters agreed shall be stated in the application. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] 7

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Article 44 (Cases of Two or More Persons Entitled to Registration) (1) In cases where there are two or more persons entitled to registration, their shares shall be stated in the application.

(2) In cases under paragraph (1), when the right to registration is owned jointly, such purport shall be stated in the application. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 45 (Cases of No Deed of Grounds for Registration) In cases where a document certifying the grounds for registration is nonexistent from the beginning or such document cannot be submitted, a duplicate of the application shall be submitted. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 46 (Cases of Inheritance)

In cases where the ground for registration is inheritance, a document certifying inheritance issued by the head of a Si/Gu/Eup/Myeon or a document certifying such inheritance shall be attached to the application. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 47 (Application by Heir)

In cases where an applicant is an heir of a person entitled to registration or an obligator for registration, a document certifying such identity issued by the head of a Si/Gu/Eup/Myeon or a document certifying such identity shall be attached to the application.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 48 (Changes or Revisions of Indication of Registered Titleholder) (1) In cases where an application for registration of change or revision of indcation of a registered titleholder, a document certifying such change or revision of indication issued by the head of a Si/Gu/Eup/Myeon or a document certifying such change or revision shall be attached to the application.

(2) When an application for registration of ownership transfer is filed, in cases where indication of an obligator for registration in the application is inconsistent with that in the registry due to a change of address of a registered titleholder, if the fact that the address of an obligator for registration in the registry has changed to that in the application is obviously indicated in a document certifying the address issued by the head of a Si/Gun/Eup/Myeon which has been submitted at the time of an application for such registration, a registration officer shall make registration, ex officio, for change in indication of a registered titleholder. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] REGISTRATION OF REAL ESTATE ACT

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Article 48-2 (Registration for Change of Name of Managing Authority for State Real Estate)

When the managing authority has been changed due to administrative conversion, etc. of State property, a new office of administration shall, without delay, entrust a registration office with registration for change of indication of a registered titleholder with a document certifying the fact that the managing authority has been changed attached thereto.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 49 (Cases of Destruction or Loss of Registration Certificate) (1) In cases where a registration certificate for the right of an obligator for registration or a notice of completion of registration under Article 68 is destroyed or lost, such obligator for registration or his/her legal representative shall present himself/herself at a registration office: Pro- vided, That this shall not apply to cases where an agent by delegation (referring to a lawyer or a certified judicial scrivener only) attaches two copies of a document confirming that he/she has been delegated by the obligator for registration in the application or his/her legal representative, or one copy of a duplicate for the part drawn up by the obligator for registration of the application (in cases where an application is filed by an agent by delegation, a document certifying such authority) after having obtained authentication thereof to the application.

(2) In the case of the main sentence of paragraph (1), the registration officer shall identify whether he/she is the person himself/herself by means of the resident registration certificate, passport or other certificates prescribed by the Regulations of the Supreme Court, prepare a protocol accompanied by a copy of such certificate, and affix his/her name and seal thereon.

(3) Paragraph (2) shall apply mutatis mutandis to cases where an agent by delegation prepares the confirming document under the proviso to paragraph (1).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 49-2 Deleted. Article 50 (Permission, Agreement or Consent by Third Person) In cases where a document certifying permission, agreement or consent, etc. of a third person is to be appended to an application, the application signed and sealed by such third person may take the place of such document. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] 7

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Article 51 (Package Application for Several Items of Real Estate) In cases where an application for registration of several items of real estate located within the jurisdiction of the same registration office is filed, an appli- cation for registration may be filed with the same application only when the grounds for registration and the purpose of such registration are the same.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 52 (Registration by Right of Subrogation of Creditor) When a creditor applies for registration by subrogation of a debtor under Article 404 of the Civil Act, names, titles, or addresses or offices of the creditor and debtor, and the grounds for subrogation shall be stated in the application, and a document certifying the grounds for subrogation shall be appended thereto.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 53 (Receipt of Application)

(1) A registration officer shall, upon receipt of an application, enter the purpose of registration, name or title of the applicant, and the date and number of receipt in the receipt book and the date and number of receipt in the application: Provided, That in cases where several applications have been filed for the same real estate simultaneously, he/she shall enter the same receipt number.

(2) A registration officer shall enter the date and number of receipt in an application receipt or other documents, which shall be delivered to the applicant thereafter.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 54 (Order of Registration)

A registration officer shall make registration pursuant to the order of the receipt numbers.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 55 (Rejection of Applications)

A registration officer shall, only where an application falls under any of the following subparagraphs, reject such application with a decision stating the reason therefor: Provided, That this shall not apply to cases where an applicant corrects errors on that day, if such errors in the application may be corrected:

1. Where the case does not fall under the jurisdiction of such registration office;

2. Where the case is not a matter to be registered; REGISTRATION OF REAL ESTATE ACT

88(Supp. 46)

3. Where the party concerned or his/her representative is not present;

4. Where the application does not satisfy the form;

5. Where an indication of real estate or the right which is the object of registration stated in the application is not in conformity with the registry;

6. Where an indication of an obligator for registration is not in conformity with the registry, except in cases where a document under Article 47 is submitted;

7. Where the matters stated in the application are not in confirmity with a document proving the grounds for registration;

8. Where required documents or drawings are not appended to the application;

9. Where the applicable registration tax or fees under Article 27 (3) is not paid, or a duty imposed on him/her by other Acts in connection with an application for registration is not performed;

10. Where an application for registration is filed pursuant to Articles 90, 101, subparagraph 1 of Article 130, or subparagraph 1 of Article 131, the matters entered in the application are not in confirmity with the land cadastre, forest land cadastre or building ledger;

11. Where an application for registration violates Article 56;

12. In an application for registration of a sectioned building, where matters concerning indication of a building which is the object of such sectional ownership, as a result of a registration officer s inspection, do not satisfy Article 1 or 1-2 of the Act on the Ownership and Management of Aggregate Buildings;

13. Where an application for registration violates Article 170 (4). [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 56 (Non-conformity in Indication between Registry and Cadastre) (1) Where an indication of real estate stated in the registry is not in conformity with the land cadastre, forest land cadastre or building ledger, the registered titleholder of such real estate shall not apply for another registration for such real estate, unless he/she makes registration for a change in the indication of such real estate.

(2) Where the indication of a registered titleholder stated in the registry is not in conformity with the land cadastre, forest land cadastre or building ledger, such registered titleholder shall not apply for another registration for the relevant real estate, unless he/she makes registration for a change 7

89 (Supp. 46)

in the indication of the registered titleholder.

(3) In cases of subparagraph 12 of Article 55, a registration officer shall, without delay, notify the competent authorities of the building ledger of such reason.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 56-2 (Investigative Authority of Registration Officer) (1) A registration officer may, if deemed necessary when he/she has received an application for registration of a sectioned building, inspect matters concerning the indication of such building.

(2) If deemed necessary when making inspection under paragraph (1), a registration officer may investigate such building and request the building owner or other interested persons to submit documents, and may question them. In such cases, the relevant registration officer shall carry a certificate indicating his/her authority and present it to interested persons. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 57 (Matters to be Entered in Registration) (1) When registration is filed in the indication column, the receipt date of an application and the matters concerning indication of real estate entered in the application shall be stated, and where there is a right to a site on a sectioned building, matters concerning the indication of such right shall be stated, and the registration officer shall affix his/her seal thereon. (2) When registration is filed in the item column, the receipt date of an application, the receipt number, name or title, address or the location of office of the person entitled to registration, the grounds for registration, its date, purpose of registration, and matters concerning the right to be registered as other matters stated in the application shall be stated, and where the person entitled to registration is an association or a foundation which is not a juristic person, the name and address of its representative or manager shall be stated as well, and the registration officer shall affix his/her seal thereon. In such cases, Article 41 (2) shall apply mutatis mutandis to cases where the name or title of the person entitled to registration is entered, and Article 41 (3) shall apply mutatis mutandis to cases where the name and address of the representative or manager of an association or a foundation which is not a juristic person is entered as well. (3) When registration is filed by receipt of an application under subrogation right of a creditor under Article 52, the name or title, address or office REGISTRATION OF REAL ESTATE ACT

90(Supp. 46)

of the creditor and the grounds for subrogation in addition to the matters under paragraph (2), shall be stated in the item column. (4) Where registration of ownership transfer is filed with a sales and purchase agreement as a document certifying the grounds for registration, the transaction value entered in the document under Article 40 (1) 9 shall be entered in the column of a person entitled to registration and other items column in Section A.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 57-2 (Registration Seeking Right to Site) (1) Where registration of a right to a site has been filed in the registration form of a building, the purport that there is a right to a site shall be registered in the item column for the relevant section of the registration form of land which is the object of such right.

(2) Where registration under paragraph (1) is filed, the purport indicating which right is the right to a site, matters sufficient to indicate a building the right to the site of which has been registered and its date shall be stated, and a registration officer shall affix his/her seal thereto. (3) Where land which is the object of the right to a site is under the jurisdiction of another registration office, matters to be registered under paragraph (2) shall be without delay notified to such registration office. (4) The registration office in receipt of the notification under paragraph (3) shall register the notified matters in the item column of the relevant section of the registration form of land that is an object of the right to a site. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 57-3 (Aquisition of Right to Use Site)

(1) Where a person who has built a building referred to in Article 1 or 1-2 of the Act on the Ownership and Management of Aggregate Buildings has the right to use a site, and where he/she has completed the registration of ownership transfer on a sectioned building only without registering the right to the site, he/she may apply for registration of transfer of the right to use the site jointly with the current sectional owners. (2) Article 40 (1) 2 and 6 shall not apply to an application under paragraph (1).

(3) Paragraphs (1) and (2) shall apply mutatis mutandis to cases where a person who has built and transferred a sectioned building agrees to acquire and transfer the right to use a site of such building later. 7

91 (Supp. 46)

(4) Registration under paragraphs (1) and (3) shall be applied for simultaneously with registration of the right to a site. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 58 (Entry in Joint Roster)

(1) Where two or more persons are entitled to registration, the name or title, address or the location of office, resident registration number of the person first registered on the application, or the registration number under Article 41-2 and the number of other persons, shall be stated on the registration form, and the names or titles, addresses or the location of offices, resident registration numbers of the persons entitled to registration, or the registration numbers under Article 41-2 may be entered in the joint roster.

(2) Paragraph (1) shall apply mutatis mutandis to cases where the name or title, the address or location of the office of the obligator for registration is to be stated in the registration form, if there are two or more obligators for registration.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 59 (Entry of Numbers)

When registration is filed in the indication column, the number shall be entered in the indication number column, and when registration is filed in the item column, the number shall be entered in the priority number column.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 60 (Entry of Additional Registration Number) When the priority number of additional registration is entered, number of its main registration shall be used, and the number of addition shall be entered below such number.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 61 (Entry of Provisional Registration)

A provisional registration shall be stated in the item column of the relevant section in the registration form, below which a margin shall be left. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 62 (Entry of Principal Registration after Provisional Registration) When an application for principal registration is filed after a provisional registration has been filed, the statement thereof shall be entered in the margin beneath the provisional registration.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 63 (Application for Registration of Change of Right) REGISTRATION OF REAL ESTATE ACT

92(Supp. 46)

Where a third party has an interest in the registration with regard to reg- istration for change of a right, such registration shall be filed by an addi- tional statement only when the relevant written consent or a certified copy of a court judgment in opposition thereto has been appended to the application.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 64 (Entry of Registration of Change of Right) When registration of change of a right has been filed, the matters registered prior to the change shall be crossed out with red lines. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 64-2 (Entry of Registration of Redemption, etc.) (1) Registration of a special contract for redemption shall be stated in addition to registration of acquisition of rights by a purchaser. (2) Registration under paragraph (1) shall be cancelled in cases where registration of acquisition of rights due to redemption is filed. (3) Paragraphs (1) and (2) shall apply mutatis mutandis to the registration of agreement on extinguishment of a right, which is an object of registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 65 (Entry of Registration of Change of Registered Titleholder) (1) Registration of change or revision of the indication of a registered titleholder shall be filed by means of additional entry. (2) When registration under paragraph (1) has been filed, the indication prior to the change or revision shall be crossed out with red lines. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 66 (Change of Administrative Districts)

Where the administrative districts or their names have been changed, the administrative districts or their names entered in the registry shall be deemed to have been changed. The same shall apply when changes in the former lots or their names, other than the administrative districts, have been made.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 67 (Issuance of Registration Certificate) (1) Where a registration officer has completed registration, he/she shall state the date of receipt of the application, receipt number, priority number, and the purport that registration has been completed in the document proving the grounds for registration or on a copy of the application, and affix the official seal of the registration office thereon, and deliver it to 7

93 (Supp. 46)

the person entitled to registration.

(2) The purport that registration has been completed shall be stated and the official seal of a registration office shall be affixed on the registration certificate appended to an application, a copy of one of the confirmation documents or a duplicate of the notarized document under the proviso to Article 49 (1), or a certified copy of the protocol under paragraph (2) of the same Article, which shall be returned or delivered to the obligator for registration: Provided, That where there are two or more registered titleholders, and if one of them is an obligator for registration, the name or title of such obligator for registration shall also be stated. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 68 (Notification, etc. of Completion of Registration) (1) When a registration officer has completed registration in cases under the following subparagraphs, he/she shall notify a person entitled to registration of such fact:

1. Application for registration by an obligator for registration who has won the case under Article 29;

2. Application for registration by a subrogated creditor under Article 52;

3. Entrustment of registration of caveat on disposal of ownership under Article 134.

(2) In cases under paragraph (1) 1 or 2, the documents under Article 67 (1) shall be issued to a obligator for registration, who has won the case, or a subrogated creditor.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 68-2 (Notification of Completion of Registration) A registration officer shall, where he/she has completed registration under the following subparagraphs, notify without delay, the competent authorities of the cadastral register in cases of land, and the competent authorities of the building ledger in cases of a building, of such fact:

1. Initial ownership of real estate or ownership transfer;

2. Change or revision of the indication of a registered titleholder;

3. Change or revision of ownership;

4. Cancellation of ownership or reinstatement after cancellation. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 68-3 (Forwarding of Taxation Data)

A registration officer shall, where he/she has completed registration of REGISTRATION OF REAL ESTATE ACT

94(Supp. 46)

initial ownership of real estate or ownership transfer (including a provisional registration), forward without delay a duplicate of the relevant application to the head of a competent district tax office having jurisdiction over the location of the real estate.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 69 (Notification to Obligator for Registration in Cases of Destruction or Loss of Registration Certificate)

In cases under Article 49, when a registration officer has completed registration, he/she shall notify an obligator for registration of the indication of real estate, the grounds for registration, its date, name or title, address or the location of office of a person entitled to registration, purpose of registration and the purport of completion of registration: Provided, That where there are two or more obligators for registration, notification to one of them shall be deemed to suffice.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 70 (Issuance of Registration Certificate in Case of Registration by Entrustment)

When a public office receives a registration certificate from a registration office, in cases where it has been entrusted with registration for a person entitled to registration, it shall deliver the registration certificate without delay to the person entitled to registration.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 71 (Notification of Error or Omission)

Where a registration officer discovers, after he/she has completed registration, any error or omission in the registration, he/she shall notify a person entitled to registration and an obligator for registration of such fact without delay: Provided, That where persons entitled to registration or obligators for registration are two or more, notification to one of the persons entitled to registration or one of the obligators for registration shall be deemed to suffice.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 72 (Revision of Registration Ex Officio)

(1) Where a registration officer discovers that an error or omission in registration has been made due to his/her own fault, he/she shall correct the same without delay: Provided, That this shall not apply to cases where a third person has an interest in the registration. 7

95 (Supp. 46)

(2) A registration officer shall, where he/she has made revision in registration under the main sentence of paragraph (1), report such purport to the chief judge of the district court, and notify a person entitled to registration and an obligator for registration of such purport. In such cases, where persons entitled to registration or obligators for registration are two or more, he/she may notify one of the persons entitled to registration or one of the obligators for registration thereof.

(3) In cases under the main sentence of paragraph (1), notification under Article 71 shall not be required.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 73 (Notification of Revision in Registration) In cases of registration under a subrogation right of creditor under Article 52, notification under Articles 71 and 72 shall be made to the creditor as well.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 74 (Entry of Revisions in Registration, etc.) Articles 63 and 64 shall apply mutatis mutandis to cases where revision of registration is made on part of the matters registered. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 75 (Application for Registration of Restoration) Where an application for restoration of a cancelled registration is filed, if a third person has an interest in such registration, his/her letter of consent or a certified copy of a court judgment in opposition thereto shall be attached to the application.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 76 (Registration of Restoration)

When registration is restored with a receipt of an application for restoration, registration which is the same as the cancelled registration shall be filed again after registration of restoration has been filed: Provided, That where part of the matters registered has been cancelled, such matter shall be re-registered by means of additional registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Articles 77 and 78 Deleted. Article 79 (Registration of Restoration of Destroyed or Lost Registry) In cases of a destroyed or lost registry under Article 24, an application for restoration of registration may be filed by a person entitled to reg- istration alone.

Article 80 (Registration of Restoration of Destroyed or Lost Registry) REGISTRATION OF REAL ESTATE ACT

96(Supp. 46)

Where an application under Article 79 is filed, the priority number of, and the receipt date and the receipt number of the former application for, the former registration shall be stated in the application and the former registration certificate shall be appended thereto. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 81 (Registration of Restoration of Destroyed or Lost Registry) (1) When registration is filed with the receipt of an application under Article 79, the lot number of the relevant land or the lot number of the relevant building site shall be stated in the registration number column, indication of real estate shall be made in the indication column, the former registration number shall be stated in the relevant former priority number column, and the receipt date and receipt number of the application for the former registration shall be stated in the item column.

(2) Where a registration officer has discovered, when registration of restoration is filed, any matters entered ex officio in the former registration, he/she shall also state such matters in the registration of restoration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 82 (Filing of Applications in Binder Book) (1) Applications for new registration, notifications and permits received in the period fixed under Article 24, shall be filed in the binder book for applications in receipt number order.

(2) In cases of filing pursuant to paragraph (1), matters to be registered shall have the same effect of registration when filed in such binder book. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 83 (Binding Certificates)

(1) Articles 67 through 70 shall apply mutatis mutandis to cases where a registration officer has completed filing under Article 82 (1). (2) Where a registration certificate is to be appended to the application, a binding certificate under paragraph (1) may be appended to the application in place of it.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 84 (Entry in Registry Pursuant to Binder Book of Applications) (1) Where the period fixed under Article 24 has expired, it shall be, without delay, stated in the registry pursuant to the documents under Article 82 (1).

(2) In cases under paragraph (1), the purport that registration has been filed pursuant to the documents under Article 82 (1) and the date thereof 7

97 (Supp. 46)

shall be stated at the end of the registration in the indication column and the item column, and a registration officer shall affix his/her seal thereto. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 85 (Issuance of Registration Certificate) (1) Where an entry has been made in the registry pursuant to Article 84 (1), the person concerned shall be notified of the purport that a registration certificate is to be issued, and where the registration restored is not in conformity with the registration entered pursuant to the same paragraph, the purport thereof shall also be notified concurrently. (2) Where the person concerned applies for the issuance of a registration certificate, he/she shall submit a binding certificate under Article 83 (1). (3) Article 67 shall apply mutatis mutandis to cases where an application under paragraph (2) has been filed.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 86 (Transcription to New Registration Form) (1) Where it becomes inconvenient to handle registration due to the large number of pages of the registration form, the registration thereof may be transcribed to a new registration form.

(2) In cases under paragraph (1), the purport of transcription of the registration under paragraph (1) and the date thereof shall be stated at the end of the registration transcribed in the title section and the item column, and a registration officer shall affix his/her seal thereto. (3) When the transcription of registration is made pursuant to para graph (1), the former registration form shall be closed. (4) Paragraphs (1) and (2) shall apply mutatis mutandis to cases where it becomes inconvenient to handle registration due to the large number of pages of the title section or each section.

(5) Where registration has been transcribed pursuant to paragraph (4), the forms of the former title section or each section shall be deemed to be the closed registration forms.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 87 (Transcription or Copying of Registration) Where registration is transcribed or copied, only the currently valid registration shall be transcribed or copied: Provided, That in cases where registration of subdivision of land is filed for the purpose of cancellation or restoration of registration of a part of the land in cases under Article 94 (1), registration of ownership and other rights concerning the relevant REGISTRATION OF REAL ESTATE ACT

98(Supp. 46)

parts shall be wholly transcribed within the extent necessary for cancellation or restoration of such registration.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 88 (Mode of Entry, etc. of Writing)

(1) When registration is filed, or applications or other documents concerning registration are drawn up, writing shall be clearly legible.

(2) Deleted.

(3) Writing shall not be changed. If any letters have been corrected, inserted or deleted, the relevant number of writing shall be stated in the margin, and a parenthesis shall be placed before and after the writing concerned, and the seal shall be affixed thereto. The image of deleted writing shall remain so that they may be deciphered.

SECTION 2 Registration Procedures concerning

Ownership

Article 89 (Partial Transfer of Ownership)

When an application for registration of partial transfer of ownership is filed, the share thereof shall be stated in the application, and where an agreement under the proviso to Article 268 (1) of the Civil Act exists in the grounds for registration, it shall be stated therein. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 90 (Destruction or Loss, etc. of Land)

Where there is a subdivision or combination, destruction or loss, increase or decrease in the area of land, or change of land category, the registered titleholder of such land shall apply for registration thereof within one month.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 90-2 (Ex Officio Registration of Change in Indication) (1) Where a registration office has received notification under the latter part of Article 36 (3) of the Cadastral Act from the competent authorities of the cadastral records, if no application for registration is filed within the period under Article 90, a registration officer shall make ex officio registration of changes pursuant to the details stated in such notification in the indication column of the registration form. 7

99 (Supp. 46)

(2) When registration under paragraph (1) has been filed, a registration office shall, without delay, notify the purport thereof to the competent authorities of the cadastral records and the registered titleholder. (3) The proviso to Article 71 shall apply mutatis mutandis to the cases under paragraph (1).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 90-3 (Restriction on Combining Lots of Land) (1) With respect to land where rights other than registration of ownership, superficies, rights to lease on a deposit basis, leasehold interests, and easements on the subservient estate are registered, registration of land combination shall not be filed: Provided, That this shall not apply to cases where registered a mortgage the grounds for registration, its date and the receipt number of which are the same as all the land. (2) When a registration officer has dismissed an application for registration which has violated paragraph (1), he/she shall, without delay, notify the competent authorities of the cadastral records of the grounds thereof. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 90-4 (Special Cases of Combining Lots of Land) (1) Even in cases where registration of ownership transfer has been filed with respect to a part of the combined land prior to the registration of land combination after completion of the land combination procedure under the Cadastral Act, the owners of the relevant land may jointly apply for registration of land combination with a letter of consent of the interested parties attached to the application for joint ownership of the land after combination of lots of land.

(2) Even in cases where registration in relation to the right falling under the grounds for restriction on registration of land combination prescribed by Article 90-3 (1) has been filed with respect to a part of the combined land prior to the registration of land combination after completion of the land combination procedure under the Cadastral Act, the owners of the relevant land may apply for registration of land combination with a letter of consent of the interested parties attached to the application, which converts the object of such right into shares in the land after combination of lots of land: Provided, That where easement is registered on the dominant estate, an application for registration of land combination shall be filed opening the easement to the whole lots of land after combination of lots REGISTRATION OF REAL ESTATE ACT

100(Supp. 46)

of land.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 91 (Application for Registration of Destruction or Loss, etc. of Land)

Where an application for registration is filed pursuant to Article 90, the subdivision or combination, destruction or loss of land, increase or decrease of the area, the current area or new land category shall be stated in the application and a certified copy of land cadastre or forest land cadastre shall be attached thereto.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 91-2 (Application for Registration of Subdivision of Land) Where superficies, rights to lease on a deposit basis, leasehold interests or easements on the subservient estate are registered on part of a lot of land, when an application for registration of subdivision of such land is filed, land where such right continues to exist shall be stated in the application and the document of a person holding the right proving for it shall be appended thereto. In such cases, if such right continues to exist on a part of the land, the relevant part of land shall be stated in the application and a drawing indicating such part shall be appended thereto. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 92 Deleted. Article 93 (Subdivision of Land)

(1) Where land A is divided and a part thereof is made into land B, if registration of such subdivision of land is filed, the lot number shall be stated in the registration number column in the registration form, and the purport that transcription has been made, due to a division, from a registration form of the land under registration number XXXX shall be stated in the indication column.

(2) When the procedures under paragraph (1) have been completed, the indication of the remaining part shall be stated in the indication column in the registration form for land A, and the purport that another part has been transcribed, due to the division, in the registration form for the land under registration number XXXX shall be stated, and the former indication and its number shall be crossed out with red lines. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 94 (Subdivision of Land)

(1) In cases under Article 93 (1), the registration of the ownership and 7

101 (Supp. 46)

other rights shall be transcribed from the registration form for land A to the item column for corresponding section in the registration form for land B, and the purport that land B is concurrently an object of the relevant rights, and the receipt date of an application and the receipt number shall be stated in the registration of rights other than ownership, and a registration officer shall affix his/her seal thereto.

(2) When registration of rights other than ownership has been transcribed from the registration form for land A to that for land B, the purport that land B is concurrently an object of the relevant right shall be additionally stated in the registration concerning the relevant right in the registration form for land A.

(3) When a document proving that a registered titleholder other than of ownership has consented to the extinguishment of such rights to land B or a certified copy of a court judgement in opposition thereto has been appended to the application, the purport that such rights have become extinct shall be additionally stated in the registration concerning such rights in the registration form for land A.

(4) When a document proving that a registered titleholder other than of ownership has consented to the extinguishment of such rights to land A or a certified copy of a court judgement in opposition thereto has been appended to the application, the registration of such rights shall be transcribed into the item column for corresponding sections in the registration form for land B, and the receipt date and receipt number of the application shall be entered, and a registration officer shall affix his/her seal thereto. In such cases, the purport that such rights to land A have become extinct shall be additionally stated in the registration of such rights in the registration form for land A, and such registration shall be crossed out with red lines.

(5) When there is registration of the right of a third person the objects of which are the rights under paragraphs (3) and (4), a document proving for his/her consent or a certified copy of a court judgement in opposition thereto shall be appended to the application.

(6) In cases where documents, etc. under paragraph (5) have been attached, paragraphs (3) and (4) shall apply mutatis mutandis to registration of rights of a third person.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 95 (Subdivision of Land)

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(1) Article 94 (3) shall apply mutatis mutandis when the relevant right remains in land A alone in cases under Article 91-2, and Article 94 (4) shall apply mutatis mutandis when the relevant right continues to exist in land B alone in cases under Article 91-2.

(2) When registration of subdivision of land is filed in cases under the latter part of Article 91-2, the portion wherein the right continues to exist shall be additionally stated in the registration of superficies, easements, rights to lease on a deposit basis or leasehold interests of the registration forms for land A or land B.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 96 (Subdivision and Combination of Land)

(1) When registration of combination is filed in cases where land A is divided and its part is combined into land B, the purport that a transcription has been made, due to the combination, from the registration form for land under registration number of XXXX shall be entered in the indication column of the registration form for land B, and the former indication and its number shall be crossed out with red lines.

(2) In cases under paragraph (1), registration of ownership shall be transcribed from the registration form for land A to the item column for section A in the registration form for land B, and the purport that such registration concerns only the combined portions and the receipt date and receipt number of an application shall be entered, and a registration officer shall affix his/her seal thereto.

(3) When superficies, easements, rights to lease on a deposit basis or leasehold interests in the registration form for land A have been registered, the registration of such right shall be transcribed in the item column for section B in the registration form for land B, and the purport that only the combined portions are the object of such rights with land A and the receipt date and receipt number of the application shall be entered, and a registration officer shall affix his/her seal thereto. (4) Where registration of ownership, superficies, easements or leasehold interests are transcribed, if the grounds for registration, its date, purpose of registration and the receipt number are identical, the number of land A and the purport that there is registration of identical matters for such land shall be entered in the registration form for land B in lieu of the tran- scription.

(5) When a mortgage or right to lease on a deposit basis with the same 7

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ground, date, purpose, and the receipt number of registration is registered with regard to the whole land in cases under paragraph (1), the purport that the relevant registration concerns the whole of the land after the combination shall be additionally stated in such registration in the registration form for land B.

(6) Articles 93 (2), 94 (2) through (6) and 95 shall apply mutatis mutandis to cases under paragraph (1).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 97 (Combination of Land)

(1) Where registration of the land combination is filed in cases of combining land A with land B, the purport that a transcription has been made, due to the combination, from the registration form for the land under registration number XXXX shall be entered in the indication column in the registration form for land B, and the former indication and its number shall be crossed out with red lines.

(2) When the procedures under paragraph (1) have been completed, the purport that a transcription has been made, due to the combination, to the registration form for the land under registration number XXXX shall be entered in the indication column in the registration form for land A, and after crossing it out with red lines, the indication of land A, its number and registration number, the relevant registration form shall be closed.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 98 (Combination of Land)

(1) In cases under Article 97, registration of ownership shall be transcribed from the registration form for land A to the item column for section A in the registration form for land B, and the purport that the relevant registration concerns only the portions which have been land A and the receipt date and receipt number of the application shall be entered, and a registration officer shall affix his/her seal thereto. (2) When superficies, easements, rights to lease on a deposit basis or leasehold interests in the registration form for land A have been registered, the registration of such right shall be transcribed in the item column for section B in the registration form for land B, and the purport that only the portions which have been land A are the object of such rights and the receipt date and receipt number of the application shall be entered, and a registration officer shall affix his/her seal thereto. REGISTRATION OF REAL ESTATE ACT

104(Supp. 46)

(3) Article 96 (4) shall apply mutatis mutandis to cases under para graphs (1) and (2), and Article 96 (5) shall apply mutatis mutandis to cases where a mortgage or right to lease on a deposit basis with the same ground, date, purpose, and the receipt number of registration is registered with regard to the whole land.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 99 (Increase or Decrease of Land)

When registration of increase or decrease of the area of land is filed, the reason for the increase or decrease shall be stated in the indication column of the registration form, and the former indication and its number shall be crossed out with red lines.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 100 (Changes of Land Category or Lot Number) When registration of changes in the land category or lot number of land is filed, the former indication and its number shall be crossed out with red lines.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 101 (Changes of Indication of Building and Right to Site) (1) Where there has been a division or combination, changes in the number, kind, or structure of a building, its destruction or loss, increase or decrease of the area, or new construction of an annex, the registered titleholder of such building shall apply for registration within one month. (2) The same shall also apply to cases where there is a change in lot number of a building site, or a change or extinction of the right to a site. (3) A person falling under any of the subparagraphs of Article 131 shall apply for registration under paragraphs (1) and (2) of a building, which is a sectioned building, for which only such indication is registered. (4) In cases where a building is destroyed or lost, if a registered titleholder of such ownership fails to apply for its registration within one month, the owner of the site of such building may apply for such registration in subrogation.

(5) Article 52 shall apply mutatis mutandis to cases under paragraph (2) and Article 131-2 (2) shall apply mutatis mutandis to cases under paragraph (4).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 101-2 (Non-Existence of Building)

(1) Where a nonexistent building is registered, the registered titleholder 7

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of such building shall, without delay, apply for registration of the destruction or loss of such building.

(2) Article 101 (4) shall apply mutatis mutandis to cases where the registered titleholder of such building fails to apply for registration under paragraph (1).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 102 (Application for Registration of Destruction or Loss of Building, etc.)

(1) Where an application for registration is filed pursuant to Articles 101 and 101-2, the following matters shall be entered in the application:

1. Area of subdivision or combination;

2. New number, new kind, new structure;

3. Area of destruction or loss, non-existence, increase or decrease or new construction and current area;

4. New lot number of a building site and right to a site after alteration or extinct right to a site.

(2) Where an application for registration under Article 101 (1) is filed, a certified copy of a building ledger shall be appended to the application: Provided, That this shall not apply to cases of registration of change of building number and registration of destruction or loss. (3) Where an application for registration of destruction or loss under Article 101 (1) or 101-2 is filed, a certified copy of a building ledger verifying such destruction, loss or nonexistence, or documents which can verify it, shall be appended to the application.

(4) Where an application for registration of alteration, revision or extinction of a right to a site is filed, any agreement or notarized document related thereto, or any document verifying it shall be appended to the application. In such cases, if land which is the object of the right to a site falls under the jurisdiction of another registration office, a certified copy of such registry shall also be appended thereto.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 102-2 (Alteration, etc. of Right to Site) (1) Article 99 shall apply mutatis mutandis to the registration of alteration, revision or extinction of the right to a site.

(2) Article 57-2 shall apply mutatis mutandis to cases where registration of the right to a site has been filed in the registration form of a building due to an alteration or revision of the right to the site. REGISTRATION OF REAL ESTATE ACT

106(Supp. 46)

(3) Where the right to a site becomes a right which is not the right to a site, or registration of the purport that the right to a site has become extinct is filed from among registrations under paragraph (1), such purport shall be stated in the item column of the relevant section in the registration form of land which is the object of the right to a site, and registration of the purport that the right to a site exists shall be cancelled. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 102-3 (Alteration, etc. of Right to Site) (1) Where registration under Article 102-2 (2) is filed with regard to a building, when registration of ownership other than that of initial ownership of real estate and of ownership transfer, or registration of the right other than ownership has been made, the purport that it is only effective on the building shall be additionally stated in such registration: Provided, That this shall not apply to cases where such registration is about mortgage, and its grounds for registration, its date and receipt number are identical with registration of the right to a site.

(2) In cases under the proviso to paragraph (1), registration of mortgage on the right to a site shall be cancelled.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 102-4 (Alteration, etc. of Right to Site) (1) Where registration under Article 102-2 (3) has been filed because the right to a site has changed into the right which is not the right to a site, such right to a site and such person holding the right shall be indicated in the item column for the relevant section in the registration form for such land, and the purport that registration has been filed due to registration filed under the same paragraph and the date thereof shall be stated, and a registration officer shall affix his/her seal thereto. (2) Where registration under paragraph (1) is filed, when registration has been made other than for that of the right to a site transfer from among the registrations having the validity as the registration of the right to a site under Article 135-4 (including cases applied mutatis mutandis under Article 165-3) on the registration form for a building, the right to a site of which has been registered, such registration shall be transcribed from the registration form for such building to the item column for the relevant section in the registration form for land under paragraph (1). (3) Where there has been stated in the item column for the relevant section in the registration form for land under paragraph (1), registration filed 7

107 (Supp. 46)

later than that to be transcribed under paragraph (2), the registration in the item column for the relevant section in the registration form for such land shall be transcribed, notwithstanding paragraph (2), to the column for the relevant section in the new registration form, after the registration to be transcribed pursuant to paragraph (2) has been transcribed.

(4) Articles 86, 94 and 95 shall apply mutatis mutandis to cases where procedures under paragraphs (2) and (3) are taken. (5) Where registration under paragraph (1) has been filed, when land which is an object of the right to a site comes under the jurisdiction of another registration office, the purport that such registration has been filed and the matters to be stated or transcribed under paragraph (1) or (2) shall be, without delay, notified to such registration office. (6) The registration office in receipt of notification under paragraph (5) shall follow procedures under paragraphs (1) through (4). [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 102-5 (Alteration, etc. of Right to Site) (1) Where registration under Article 102-2 (3) has been filed due to a revision of the registration which made the right other than the right to a site into the right to a site, if registration having the validity as registration of the right to a site transfer pursuant to Article 135-4 (including cases applied mutatis mutandis in Article 165-3) has been made in the registration form for the building the right to the site of which has been registered, the whole of them shall be transcribed from the registration form for such building to the item column for the relevant section in the registration form for the land.

(2) Article 102-4 (2) through (6) shall apply mutatis mutandis to the cases under paragraph (1).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 103 (Restriction on Combination of Buildings) (1) With respect to buildings bearing the registration of rights other than the registration of ownership, right to lease on a deposit basis and leasehold interests, no registration of combination shall be filed. The proviso to Article 90-3 (1) shall apply mutatis mutandis to such cases. (2) Where a registration officer has dismissed an application for registration which has violated paragraph (1), he/she shall notify, without delay, the reason thereof to the competent authorities of a building ledger. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] REGISTRATION OF REAL ESTATE ACT

108(Supp. 46)

Article 103-2 (Applications for Registration of Division or Sectioning of Building)

In cases where registration of the right to lease on a deposit basis or the leasehold interest has been filed on part of a building, Article 91-2 shall apply mutatis mutandis when an application for registration of division or sectioning of such building is filed.

[This Article Newly Inserted by Act No. 8922, Mar. 21, 2008] Article 104 (Division of Building)

(1) Where an appurtenant building is separated from building A and becomes building B, when its registration is filed, its number shall be entered in the registration number column in the registration form for building B, and the purport that a transcription has been made from the registration form for the building under registration number XXXX due to the division shall be entered in the indication column.

(2) Upon completion of the procedure under paragraph (1), the remaining portion shall be stated in the indication column in the registration form for building A, and the fact that a transcription of other portions has been made to the registration form for the building under registration number XXXX due to the division shall be entered therein, and the former indication and its number shall be crossed out with red lines. (3) Articles 94 and 95 shall apply mutatis mutandis to cases under paragraph (1): Provided, That where there is no entry of the grounds for registration of the divided appurtenant building in the item column for section A in the registration form for building A, the following matters shall be entered in the item column for section A of the registration form for building B in addition to procedures under Articles 94 and 95:

1. Name or title of an applicant;

2. Address or the location of the office;

3. Resident registration number or registration number under Article 41-2;

4. Purport that his/her ownership is registered due to the division. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 104-2 (Sectioning of Buildings)

(1) Where building A is sectioned and becomes building B, when its registration is filed, each number shall be entered in the registration number column for building A and building B in the new registration form, and the purport that a transcription has been made from the registration form for the building under registration number XXXX due to the sectioning 7

109 (Supp. 46)

shall be entered in the relevant indication column: Provided, That where building A is a sectioned building, the number shall be entered in the reg- istration number column for building B in the registration form, and the purport that a transcription has been made from the registration form for the building under registration number XXXX due to the sectioning shall be entered in the indication column.

(2) Upon completion of the procedures under paragraph (1), the purport that a transcription has been made to the registration form for the building under registration number XXXX due to the sectioning in the indication column in the former registration form, and such registration form shall be closed after the indication of building A, its number and registration number have been crossed out with red lines: Provided, That where building A is a sectioned building, the remaining part shall be indicated in the indication column of the registration form for building A, and the purport that a transcription of other portions has been made in the registration form for the building under registration number XXXX due to the sectioning shall be entered, and the former indication and its number shall be crossed out with red lines.

(3) In cases under the main sentence of paragraph (1), the registration of ownership and other rights shall be transcribed from the former registration form to the item column for the relevant section in the registration form for building A and building B, and the purport that the building transcribed to the registration under number XXXX is concurrently an object of the relevant right, and the date of receipt and receipt number of the application shall be entered in the registration of rights other than ownership, and a registration officer shall affix his/her seal thereto. In such cases, Article 94 (3) through (6) shall apply mutatis mutandis.

(4) Articles 94 and 95 shall apply mutatis mutandis to cases under the proviso to paragraph (1).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 105 (Division and Combination of Buildings) (1) Where an appurtenant building is separated from building A and becomes an appurtenant building of building B, when its registration is filed, the purport that a transcription has been made from the registration form for the building under registration number XXXX due to the combination shall be stated in the indication column in the registration REGISTRATION OF REAL ESTATE ACT

110(Supp. 46)

form for building B.

(2) Article 104 (2) shall apply mutatis mutandis to the cases under paragraph (1).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 105-2 (Sectioning and Combination of Buildings) (1) Where building A is sectioned and is combined with building B or its appurtenant building, when its registration is filed, the purport that a transcription has been made from the registration form for the building under registration number XXXX due to the combination shall be stated in the indication column in the registration form for building B, and the former indication and its number shall be crossed out with red lines. (2) The proviso to Article 104-2 (2) shall apply mutatis mutandis to cases under paragraph (1).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 106 Deleted. Article 107 (Division and Combination, Sectioning and Combination of Buildings)

Article 96 (2) through (6) (excluding the part of paragraph (6) to which Article 93 (2) applies mutatis mutandis) shall apply mutatis mutandis to cases under Articles 105 and 105-2: Provided, That where there is no entry of the grounds for registration as to the divided appurtenant building in the item column for section A in the registration form for building A, the following matters shall be entered in the item column for section A of the registration form for building B in addition to taking procedures prescribed by Article 96 (2) through (5):

1. Name or title of an applicant;

2. The address or location of the office;

3. Resident registration number or registration number under Article 41-2;

4. Purport that registration of ownership of such person is filed due to the combination.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 108 (Combination of Buildings)

(1) Articles 97 and 98 shall apply mutatis mutandis to cases where building A is combined with building B, or becomes an annex to building B, when its registration is filed: Provided, That where building A is combined with an annex to building B, or becomes an annex to building B, the former 7

111 (Supp. 46)

indication and its number as to building B and other appurtenant buildings shall not be crossed out with red lines, and if building A is a sectioned building and where registration of a building other than building B is stated in the same registration form, such registration form shall not be closed. (2) Where building B becomes a non-partitioned building due to the combination, when its registration is filed, the number shall be entered in the registration number column in the new registration form, and the purport that a transcription has been made from the registration form for the buildings under registration numbers XXXX and XXXX due to the combination shall be entered in the indication column, and a registration officer shall affix his/her seal thereto.

(3) Upon completion of the procedure under paragraph (2), the purport that a transcription has been made to the registration form for the buildings under registration number of XXXX due to the combination shall be entered in the indication column in the registration form for building A and building B, and the indication of building A and building B, their numbers and registration numbers shall be crossed out with red lines, and such registry folios shall be closed.

(4) Article 98 shall apply mutatis mutandis to cases under paragraph (2). (5) Article 102-4 shall apply mutatis mutandis when registration under paragraph (2) is filed in cases where a building, the right to the site of which has been registered, becomes a non-sectioned building due to the combination.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 108-2 (Mutatis Mutandis Application of Registration of Sectioned or Combined Buildings )

Article 104-2 shall apply mutatis mutandis to cases where a non-sectioned building becomes a sectioned building by any reason other than partition of a building, and the provisions of Article 108 (2) through (4) shall apply to cases where a sectioned building becomes a non-sectioned building by any reason other than combination of buildings.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 109 (Increases or Decreases of Area)

(1) Article 99 shall apply mutatis mutandis to the registration of increases or decreases of the area of buildings or appurtenant buildings. (2) When registration of new construction of an appurtenant building is filed, the kind, structure and area of the appurtenant building shall be REGISTRATION OF REAL ESTATE ACT

112(Supp. 46)

stated in the indication column of the registration form for the main building. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 110 (Changes of Numbers or Structures, etc.) Article 100 shall apply mutatis mutandis to the registration of changes in building numbers, the kind or structure of a building or an appurtenant building, or the lot number of a building site.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 111 (Changes of Numbers)

(1) The competent authorities of the cadastral records or the competent authorities of the building ledger shall, where there is any change in the lot number of the land or that of the building site due to change in administrative districts or blocks other than administrative districts, notify, without delay, such purport to a registration office. (2) A registration office in receipt of a notification under paragraph (1) shall, without delay, make registration of change in the indication column in the registration form.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 111-2 (Destruction or Loss of Buildings)

(1) A registration officer who has received an application for registration of destruction or loss of a building under Article 101 (1) or 101-2 shall, where there is any interested party in the registration, other than a registered titleholder, notify such interested party, within a fixed period not exceeding one month, of the purport that he/she shall make registration of destruction or loss unless such interested party raises an objection within such period: Provided, That this shall not apply to cases where a certified copy of the building ledger is appended to the application as a document proving destruction or loss of the building or its nonexistence, or the interested party in the registration have his/her signature and seal affixed to the application.

(2) Articles 175 (2), 176 and 177 shall apply mutatis mutandis to cases under the main sentence of paragraph (1).

[This Article wholly Amended by Act No. 8922, Mar. 21, 2008] Article 112 (Destruction or Loss of Real Estate)

(1) When registration of destruction or loss of real estate is filed, the purport of destruction or loss, or of its cause or nonexistence, shall be stated in the indication column in the registration form, and the indication of real estate and its indication number shall be crossed out with red lines, and the relevant registration form shall be closed: Provided, That where a 7

113 (Supp. 46)

building destroyed or lost was a sectioned part of a single building, the registration form thereof shall not be closed.

(2) Article 102-4 shall apply mutatis mutandis to cases where the relevant registration form has been closed due to registration of destruction or loss of a building the right to the site of which has been registered. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 112-2 (Registration of Common Area under Agreement) (1) An application for registration to the effect that it is a common area shall be filed by the registered titleholder with attachment of the agreement stipulating such purport or a notarial deed thereto. In such cases, where there is registration as to rights other than registration of ownership on such building, the written consent of such registered titleholder, or a certified copy of a court judgment in opposition thereto shall be attached thereto. (2) When registration is filed pursuant to the application for registration under paragraph (1), the purport of a common area shall be stated in the indication section, and the registration as to ownership and other rights in each section shall be crossed out with red lines. In such cases, where such common area is to be owned jointly with the sectional owners of a building registered in another registration form, such purport shall also be stated.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 112-3 (Cancellation of Registration of Common Area in Agreement) (1) Where agreement stipulating the purport of a common area is repealed, the acquirer of the common area shall, without delay, apply for registration. (2) A document verifying the repeal of agreement shall be appended to an application for registration under paragraph (1). (3) Where an application for registration under paragraph (1) is filed, such registration shall be sufficed by registration of initial ownership of real estate in the column for the section A. In such cases, where such registration has been filed, the entry of the purport of the common area shall be crossed out with red lines.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 113 (Destruction or Loss of Real Estate)

(1) In cases under Article 112, where real estate the registration of destruction or loss has been filed is an object of rights other than ownership along with other real estate, the indication of the real estate the registration REGISTRATION OF REAL ESTATE ACT

114(Supp. 46)

of destruction or loss of which has been filed shall be stated in the item column for the relevant section of the registration form for such other items of real estate, and the purport that such items of real estate are destroyed, lost or nonexistent shall be additionally stated, and the indication of items of real estate the registration of destruction or loss of which has been filed in the registration wherein the purport that they are objects of rights other than ownership along with such real estate has been stated, shall be crossed out with red lines.

(2) If there is a joint security list, registration to be filed under paragraph (1) shall be filed in such list.

(3) In cases under paragraph (1), where the location of such other items of real estate is under the jurisdiction of another registration office, the indication of such real estate and the real estate the registration of destruction or loss of which has been filed and the receipt date of the application shall be notified without delay to such registration office. (4) The registration office in receipt of a notification under paragraph (3) shall complete the procedures under paragraph (1) or (2) without delay. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 114 (Riverbed)

(1) Where any land registered has become a riverbed, the relevant authorities shall, without delay, entrust a registration office with cancellation of such registration.

(2) In the case of entrustment under paragraph (1), if necessary, the relevant authorities may, in lieu of the registered titleholder or the heir, entrust the registration office with registration of ownership transfer due to change or revision of indication of land or of a registered titleholder, or inheritance.

(3) The registration office in receipt of the entrustment under paragraph (1) shall enter the purport that land has become a riverbed in the indication column of the registration form, erase with red lines the indication of land, indication number and registration number, and close such registration form. In such cases, Article 113 shall apply mutatis mutandis. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 115 (Expropriation of Land)

(1) A person entitled to registration alone may apply for the registration of ownership transfer due to expropriation of land. Where there is a right 7

115 (Supp. 46)

the continuance of which is recognized by a decision of the Land Tribunal, it shall be indicated in the application, and documents verifying compensation or deposit shall be appended thereto. (2) Where a promotor of an enterprise makes an application under paragraph (1), if necessary, he/she may, in lieu of a registered titleholder or an heir, apply for registration of ownership transfer due to change or revision of indication of land or of a registered titleholder, or due to inheritance. (3) Where a public office is a promotor of an enterprise, such public office shall, without delay, entrust a registration office with registration under paragraphs (1) and (2).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 116 (Provisions Applicable Mutatis Mutandis) Articles 52, 57 (3), 68 and 73 shall apply mutatis mutandis to registration under Articles 101 (5), 101-2, 114 (2) and 115 (2). [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 117 (Real Estate Trusts)

With regard to registration of a real estate trust, the trustee shall become a person entitled to registration, and the truster shall become an obligator for registration.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 118 (Real Estate Trusts)

(1) An application for registration of a real estate trust belonging to trust property under Article 19 of the Trust Act may be filed by a trustee alone. (2) Paragraph (1) shall apply mutatis mutandis to the retrieval of trust property under Article 38 of the Trust Act.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 119 (Real Estate Trusts)

(1) A beneficiary or truster may make registration of trust in subrogation of a trustee.

(2) Article 52 shall apply mutatis mutandis to an application for the subrogated registration under paragraph (1). In such cases, a document verifying that the real estate subject to the registration is trust property shall be appended to the application in addition to a document verifying the grounds for the subrogation.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 120 (Real Estate Trusts)

(1) An application for registration of trust shall be filed with a document identical to an application for registration of ownership transfer of real estate REGISTRATION OF REAL ESTATE ACT

116(Supp. 46)

due to the trust.

(2) Paragraph (1) shall apply mutatis mutandis to cases where an application for registration of acquisition of real estate belonging to the trust property under Article 19 of the Trust Act and for registration of the retrieval of the trust property under Article 38 of the same Act is filed. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 121 (Real Estate Trusts)

(1) When an application for registration of ownership transfer is filed in cases of a replacement of trustee, a document verifying such replacement shall be appended to the application.

(2) Paragraph (1) shall apply mutatis mutandis to registration of changes to be filed in cases under Article 26 (2) of the Trust Act. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 122 (Real Estate Trusts)

Where duties of a trustee have been completed due to death, bankruptcy, incompetency, quasi-incompetency, or a dismissal order issued by a court or the competent authorities, an application for registration under Article 121 may be filed by a new trustee or another trustee alone. The same shall apply when such duties of a juristic person, which is a trustee, have been completed due to its dissolution.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 123 (Real Estate Trusts)

(1) When an application for registration of trust is filed, a document in which the following matters are stated shall be appended to the application:

1. Name and address of a truster, trustee, beneficiary and trust administrator (in the case of a juristic person, its title and office);

2. Purpose of trust;

3. Method of management of the trust property;

4. Reasons for termination of trust;

5. Other provisions of trust. (2) An applicant shall have his/her sign and seal affixed to the document under paragraph (1).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 124 (Original Books of Trust)

(1) Documents appended to the application pursuant to Article 123 shall be deemed to be the original book of trust.

(2) The original book of trust shall be deemed part of the registry, and 7

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any entry therein shall be deemed to be registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 125 (Entries in Original Books of Trust)

A court shall, when it has appointed or dismissed a trust administrator, entrust a registration office with entry of it in the original book of trust without delay. The same shall apply when the competent authorities have appointed a trust administrator.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 126 (Entries in Original Books of Trust)

Article 125 shall apply mutatis mutandis to cases where a court or the competent authorities have dismissed a trustee.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 127 (Entries in Original Books of Trust)

(1) A court shall, when it has changed the method of management of trust property, request a registration office to enter it in the original book of trust without delay.

(2) Paragraph (1) shall apply mutatis mutandis to cases where the competent authorities have changed the provisions concerning the trust. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 128 (Entries in Original Books of Trust)

Except for cases under Articles 125 through 127, where any changes have occurred in the matters falling under Article 123 (1), a trustee shall, without delay, apply for an entry in the original book of trust, by appending the document verifying such changes: Provided, That where registration has been filed in cases under Article 121 or 122, a registration officer shall make ex officio entry in the original book of trust. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 129 (Entries in Original Books of Trust)

When an entry in the original book of trust is made under Article 126, a registration officer shall make an additional entry of such purport ex officio in the registry.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 130 (Registration for Preservation of Land) An application for registration of initial ownership of real estate for the unregistered land may be filed by a person falling under any of the following subparagraphs:

1. A person who certifies that he/she or his/her predecessor has been registered as the owner in the land cadastre or forest land cadastre REGISTRATION OF REAL ESTATE ACT

118(Supp. 46)

by a certified copy of the land cadastre or forest land cadastre;

2. A person who certifies his/her ownership by a court decision;

3. A person who certifies that he/she has acquired ownership by expro- priation.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 131 (Registration for Preservation of Buildings) An application for registration of initial ownership of real estate for an unregistered building may be filed by a person falling under any of the following subparagraphs:

1. A person who certifies that he/she or his/her predecessor has been registered as the owner in the building ledger by a certified copy of the building ledger;

2. A person who certifies his/her ownership by a decision of a court or other documents issued by the head of a Si/Gu/Eup/Myeon;

3. A person who certifies that he/she has acquired ownership by expropriation.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 131-2 (Registration Concerning Indication of Sectioned Building) (1) Where registration of initial ownership of real estate is applied for only a part from among the sectioned buildings belonging to one building, an application for registration of the indication shall be filed concurrently with respect to the rest of the sectioned buildings. (2) In cases under paragraph (1), the owner of a sectioned building may apply for registration of the indication of such building in subrogation of owners of the other sectioned buildings belonging to one building. (3) Where a non-sectioned building becomes a sectioned building due to construction of a new building, an application for registration of initial ownership of real estate for such new building shall be filed concurrently with the registration of the indication of another building or registration of the modified indication.

(4) In cases under paragraph (3), a building owner may apply for registration of the indication of another building or registration of the modified indication, in subrogation of an owner of another building. (5) Article 52 shall apply mutatis mutandis to cases under paragraphs (2) and (4).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 132 (Applications for Registration of Initial Ownership of Real Estate)

7

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(1) Where an application for registration is filed pursuant to Articles 130, 131 and 131-2, the purport that an application for registration is filed pursuant to such subparagraph of Article 130, such subparagraph of Article 131 or such paragraph of Article 131-2 shall be entered in the application: Provided, That the grounds for registration and its date shall not be entered. (2) In cases under paragraph (1), a certified copy of the land cadastre or forest land cadastre certifying the indication of land, or a certified copy of the building ledger certifying the indication of building or other documents shall be attached to the application: Provided, That documents under Article 40 (1) 2 through 4 shall not be attached thereto. (3) Where an application for registration is filed pursuant to Article 131-2, a drawing indicating the location of a building, a floor plan (in cases of sectioned stores under Article 1-2 of the Act on the Ownership and Management of Aggregate Buildings, referring to certified copies of drawings of a building and floor plans under Article 53 (1) of the same Act) and that of a sectioned building.

(4) Where there are several buildings on the relevant building site when an application for registration of initial ownership of real estate for a building is filed (excluding cases under Article 131-2), a drawing indicating the location of a building on such site shall be attached to the application. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 133 (Entry of Registration Numbers)

When an application for registration of ownership for an unregistered real estate is filed, the number shall be entered in the registration number column in the registration form.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 134 (Registration of Caveats on Disposal of Unregistered Real Estate)

(1) When registration at the request for registration of a caveat on disposal of ownership for an unregistered real estate is filed, the number shall be entered in the registration number column in the registration form, and the following matters shall be entered in the item column:

1. Name or title of the owner;

2. The address or location of office of the owner;

3. Purport that ownership is registered by a court decision ordering registration of caveat on disposal.

(2) Article 57 (1) and (2) shall apply mutatis mutandis to cases under REGISTRATION OF REAL ESTATE ACT

120(Supp. 46)

paragraph (1).

(3) In cases under paragraph (1), where registration for a building is filed at the request for registration of caveat on disposal based on a trial by a court, Article 131 shall not apply: Provided, That in cases where approval for use has not been obtained while the relevant building is subject to the approval under the Building Act, such fact shall be stated in the indication column of the registry.

(4) Where approval for use is granted under the Building Act on the building registered under the proviso to paragraph (3), a registered titleholder of such building shall file, within a month, an application for registration for cancellation of the statement under the proviso to paragraph (3). (5) In cases under paragraph (4), Articles 52 and 131-2 (2) shall apply mutatis mutandis.

(6) Where an application for registration for cancellation under para- graph (4) is filed, a certified copy of a building ledger verifying that approval for use has been obtained or a document which can verify it shall be appended to the application.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 135 Deleted. Article 135-2 (Prohibition of Registration of Ownership Transfer) (1) When the land ownership involves the right to a site, if registration of such purport has been filed, registration of ownership transfer shall not be filed in the registration form for such land. (2) In the registration form for a building the right to the site of which has been registered, registration of ownership transfer on such building alone shall not be filed.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 135-3 (Registration of Building Having Right to Site) (1) Where an application for registration of ownership of a building the right to the site of which has been registered is filed, the right to the site shall be stated in the application: Provided, That this shall not apply to cases where an application for registration of a building alone is filed. (2) Where registration is filed by application under the proviso to paragraph (1), the purport that it is related to a building only shall be additionally entered in such registration.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 135-4 (Registration of Building Having Right to Site) 7

121 (Supp. 46)

(1) The registration of ownership for one building, whrerein there is no additional entry of the purport that it relates to a building only, after the registration of the right to a site has been filed thereon, shall have the validity of identical registration for the right to the site. (2) Of the registration having the validity as the registration for the right to a site under paragraph (1) and the registration form for the land which is an object of the right to a site, the order of the registration entered in the item column for the relevant section shall be in accordance with the receipt number.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] SECTION 3 Registration Procedures concerning

Rights Other Than Ownership

Article 136 (Superficies)

Where an application for registration of creation or transfer of superficies is filed, the purpose and scope of creation of superficies shall be stated in the application, and where there is a term of existence, land rent, its payment period or an agreement under the latter part of Article 289-2 (1) of the Civil Act in the grounds for registration, they shall be stated in the application.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 137 (Easements)

Where an application for registration of creation of an easement is filed, the dominant estate shall be indicated in the application, the purpose and scope of easement created shall be stated therein, and when the scope of easement created is a part of the subservient estate, a drawing indicating such scope shall be appended thereto: Provided, That where there is an agreement under the proviso to Article 292 (1), the proviso to Article 297 (1) or Article 298 of the Civil Act in the grounds for registration, they shall be stated therein.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 138 (Easements)

(1) When registration of creation of easement is filed, the indication of real estate which is a subservient estate shall be made in the item column for the relevant section of the registration form for real estate which is a dominant estate, and the purport that such real estate is the object REGISTRATION OF REAL ESTATE ACT

122(Supp. 46)

of the easement, and the purpose and scope of the easement to be created shall be stated therein.

(2) Where the dominant estate falls under the jurisdiction of another registration office, the subservient estate, dominant estate, the purpose and scope of creation of easement, and the date of receipt of the application shall be notified, without delay, to such registration office. (3) A registration office in receipt of a notification under paragraph (2) shall enter, without delay, the notified matters in the item column for the relevant section in the registration form for the real estate which is the dominant estate.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 139 (Rights to Lease on Deposit Basis)

(1) When an application for registration of creation of the right to lease on a deposit basis or the sublease on a deposit basis is filed, the amount of deposit shall be stated in the application, and if a term of existence, a penalty or a compensation or an agreement under the proviso to Article 306 of the Civil Act exists in the grounds for registration, they shall be stated therein.

(2) In cases under paragraph (1), where a part of an item of real estate is the object of the right to lease on a deposit basis, the drawings thereof shall be appended thereto.

(3) The provisions of Articles 145 through 147 and 149 through 155 shall apply mutatis mutandis to cases of the right to lease on a deposit basis. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 140 (Mortgages)

(1) Where an application for registration of the establishment of a mortgage is filed, the amount of claim and the obligor shall be stated in the application. In such cases, where a repayment period, interest and its accruing time and payment time, place where the principal or interest is paid, and an agreement on the compensation for damages due to the default or an agreement under the proviso to Article 358 of the Civil Act exists in the grounds for registration, or where the claim is conditional, they shall be entered therein.

(2) Where the details of a mortgage under paragraph (1) are a collateral security, the fact that the grounds for registration is a contract to establish the right to collateral security, and the maximum amount of claim and the obligor shall be stated in the application. In such cases, where there 7

123 (Supp. 46)

is an agreement under the proviso to Article 358 of the Civil Act in the grounds for registration, it shall be entered therein. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 141 (Mortgages on Rights other than Ownership) When an application for registration of establishment of a mortgage is filed, where the object of such right is a right other than ownership, such right shall be indicated in the application.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 142 (Transfer of Mortgages)

Where an application for registration of transfer of a mortgage is filed, the purport that the mortgage is transferred along with the claim shall be stated in the application.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 142-2 (Pledges of Rights to Mortgage)

Where an application for additional registration of the pledge under Article 348 of the Civil Act is filed, a mortgage guaranteeing the claim which is the object of the pledge shall be indicated in the application, and the following matters shall be stated therein:

1. Indication of the obligor;

2. Amount of claim;

3. Where there is an agreement on the period of payment and interest, the details thereof.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 143 (Value of Claim Secured)

When an application for registration of the establishment of a mortgage which is a security of the claim not aimed at the specified amount is filed, the value of such claim shall be stated in the application. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 144 Deleted. Article 145 (Joint Security)

Where an application for registration of the establishment of a mortgage aimed at the rights to several items of real estate is filed, the right to each item of real estate shall be indicated in the application. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 146 (Joint Security Lists)

(1) In cases under Article 145, where there are not les than five items of real estate, a joint security list shall be appended to the application. (2) The right to each item of real estate shall be indicated in the list under REGISTRATION OF REAL ESTATE ACT

124(Supp. 46)

paragraph (1), and an applicant shall have his/her sign and seal affixed to the list.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 147 (Additional Joint Security)

When an application for registration of establishment of a mortgage aimed at the rights to another or several items of real estate with regard to the same claim is filed after the registration of establishment of a mortgage aimed at the rights to one or several items of real estate has been filed, matters sufficient for the indication of the former registration shall be stated in the application.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 148 (Transfer of Mortgage due to Partial Transfer or Payment by Subrogation of Claim)

Where an application for registration of transfer of a mortgage due to partial transfer or subrogation of a claim is filed, the amount of such claim which is the object of the transfer or payment by subrogation shall be stated in the application.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 149 (Entry of Registration of Joint Security) When registration of a right to real estate is filed pursuant to an application for registration under Article 145, the indication of the right to another item of real estate shall be stated in the item column for the relevant section of the registration form for such real estate, and the purport that such right is concurrently an object of the mortgage shall be stated therein. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 150 (Entry of Joint Security Lists)

When registration of the right to each real estate is filed in cases where the joint security list has been appended to the application form, the purport that the right to another item of real estate entered in the joint security list is concurrently subject to a mortgage shall be stated in the item column for the relevant section of the registration form for such real estate.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 151 (Nature of Joint Security Lists)

Joint security lists shall be deemed to be a part of the registry and entry therein shall be deemed registration.

Article 152 (Entries of Registration of Additional Joint Security) (1) When registration is filed pursuant to an application for registration 7

125 (Supp. 46)

under Article 147, the purport that the right to each item of real estate is concurrently subject to the mortgage shall be stated in such registration and the former registration.

(2) Articles 138 (2) and (3), 149 and 150 shall apply mutatis mutandis to cases under paragraph (1).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 153 Deleted. Article 154 (Partial Extinction or Change of Joint Security) (1) When registration of mortgage aimed at the right to one item of real estate is cancelled in cases where the right to several items of real estate is subject to the mortgage, such fact shall be further stated in the registration filed under Articles 149 and 152 for the right to other items of real estate and matters so extinguished shall be crossed out with red lines. The same shall apply to cases where modified registration has been filed with regard to the indication of the right to such item of real estate. (2) Article 138 (2) and (3) shall apply mutatis mutandis to the cases under paragraph (1).

Article 155 (Partial Extinction or Change of Joint Security) When registration is filed pursuant to Article 154 (1), if there is a joint security list, such registration shall be filed in such list. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 156 (Leasehold Interests)

(1) When an application for registration of establishment of leasehold interests or a sub-lease of leased property is filed, the amount of rent shall be stated in the application. In such cases, if there is an agreement on the period of lease, pre-payment and due date of the rent or the leasehold deposit in the grounds for registration, or if the lessor has given consent to transfer of the leasehold interests or the sub-lease of leased property in the grounds for registration, they shall be entered therein, and if a lessor or a lessee is a person who has no authority or competence of disposal, such purport shall be entered therein.

(2) When an application for registration of transfer of leasehold interests or a sub-lease of leased property is filed in cases where there is no registration of the purport that the lessor has granted consent to the transfer of the leasehold interests or sub-lease of the leased property, the written consent of the lessor shall be attached to the application. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] REGISTRATION OF REAL ESTATE ACT

126(Supp. 46)

Article 156-2 (Entry of Registration of Transfer of Rights other than Ownership)

Registration of transfer of rights other than ownership shall be filed by further entry.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 157 (Expropriation or Trust of other Real Rights) Articles 115 and 116 shall apply mutatis mutandis to the registration of transfer of rights due to expropriation of rights other than the land ownership and the provisions of Articles 117 through 129 to the registration of trust of rights other than ownership of real estate.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Articles 158 through 165 Deleted. Article 165-2 (Prohibition on Registration of Mortgage Establishment) (1) Registration of the creation of a mortgage aimed at the right to a site shall not be filed using the registration form for the land registered on the purport of the right to a site.

(2) In the registration form for a building, the right to the site of which has been registered therein, registration of the creation of a mortgage aimed at such building only shall not be filed.

(3) Article 135-2 (1) shall apply mutatis mutandis to cases where superficies or leasehold interests are the rights to a site.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 165-3 (Registration of Rights on Building Having Right to Site) (1) Article 135-3 shall apply mutatis mutandis to cases where an application for registration on rights other than ownership for a building, the right to the site of which has been registered, is filed. (2) Article 135-4 shall apply mutatis mutandis to the registration on the rights other than ownership of a building, the right to the site of which has been registered, in which there is no additional entry of the purport as to the building alone.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] SECTION 4 Procedures for Registration of

Cancellation

Article 166 (Extinction of Rights Due to Death)

Where a registered right has extinguished due to the death of a certain person, if the document issued by the head of a Si/Gu/Eup/Myeon, or other 7

127 (Supp. 46)

notarial document, verifying such death, has been appended to the ap- plication, the person entitled to registration alone may apply for cancellation of registration.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 167 (Where Obligator for Registration Missing) (1) When a person entitled to registration is unable to apply for cancellation of registration jointly with an obligator for registration as the latter is missing, an application for public summons may be filed under the Civil Procedure Act.

(2) Where a judgment for nullification exists in cases under paragraph (1), the person entitled to registration may apply for cancellation of registration alone by appending a certified copy of the judgment to the application. (3) In cases under paragraph (1), if a contract for the right to lease on a deposit basis, a certificate of refund of such deposit, or a document evidencing the claim, and a receipt of the claim and its interest for the latest one year have been appended to the application, the person entitled to registration alone may apply for cancellation of registration of the right to lease on a deposit basis or the mortgage.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 168 (Cancellation of Trust Registration)

(1) An application for cancellation of trust registration which is filed in cases where the right to real estate which is the trust property ceases to be the trust property due to transfer of such right, shall be filed by a document identical with an application for transfer registration. (2) Paragraph (1) shall apply mutatis mutandis to cases where the right to real estate, which is trust property, has been transferred due to the fulfillment of the trust.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 169 (Cancellation of Provisional Registration) (1) A provisional registration titleholder may apply for cancellation of the provisional registration.

(2) Where the written consent of the provisional registration titleholder or a certified copy of a court judgement in opposition thereto has been appended to the application, the interested parties in the registration may apply for cancellation of the provisional registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] REGISTRATION OF REAL ESTATE ACT

128(Supp. 46)

Article 170 (Cancellation of Notice Registration) (1) Where a court judgment overruling litigation listed under Article 4 or a court judgment defeating the person bringing the suit has become final, or where a suit has been withdrawn, a claim has been renunciated, or compromise has been made, the court of the first instance shall request, without delay, a registration office for cancellation of the notice registration, by appending a certified copy or an abstract of the court judgment, or a written withdrawal of litigation, the document certifying renunciation of the claim or reconciliation which is issued by a court official of Grade or , chief or senior clerk to a written commission. (2) Where a judgment granted to the claimant under paragraph (1) (including compromise or admission of a claim) becomes final, if the said person submits a document indicating that he/she refrains from filing an application for registration pursuant to the relevant judgment along with a sealed copy of the said judgment, the court of the first instance shall request, without delay, a registration office for cancellation of the notice registration, by appending the said submitted document and the certified copy of the judgment to a written commission.

(3) Notwithstanding a judgment under paragraph (2), where it is recognized by another judgment (including compromise or admission of a claim) as to cancellation of registration or restoration of registration being impossible, if an interested party in the registration submits a certified copy of the said judgment, the provisions of paragraph (2) shall also be applicable. In such cases, a certified copy of each of such judgments shall be attached to a written commission.

(4) An application for registration pursuant to the judgment under paragraph (2) shall not be filed in cases where notice registration has been cancelled under paragraph (2) or (3).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 170-2 (Cancellation of Notice Registration) A registration officer shall, where he/she has cancelled registration or made registration of restoration due to nullity or cancellation of the grounds for registration, cancel the notice registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 171 (When Interested Third Party Exists)

7

129 (Supp. 46)

In cases where an application for cancellation of registration is filed when a third party with an interest in the registration exists, his/her written consent or a certified copy of a judgment in opposition thereto shall be appended to the application.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 172 (Method of Cancellation)

(1) When registration is cancelled, the cancelled registration shall be crossed out with red lines after registration of cancellation has been filed. (2) Where there is registration as to the right of a third party aimed at the right to be cancelled in cases under paragraph (1), the right of such third party shall be indicated in the item column for the relevant section of the registration form, and the purport that cancellation is made due to cancellation of registration of a certain right shall be stated therein. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 173 Deleted. Article 174 (Registration of Cancellation concerning Expropriation of Land)

In cases where an application or a request for registration of ownership transfer has been made due to expropriation of land under Article 115, if registration has been filed on ownership or a right other than ownership in the registration form for such real estate, such registration shall be cancelled: Provided, That the same shall not apply to registration of an easement existing for such real estate, or to registration of the right the continuance of which is recognized by a decision of the Land Tribunal. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 175 (Notification of Cancellation When Registration Made in Violation of Jurisdiction, etc.)

(1) Where a registration officer discovers, after the completion of reg- istration, that such registration falls under subparagraph 1 or 2 of Article 55, he/she shall notify, within a fixed period not exceeding one month, the purport that the registration shall be cancelled unless an objection is raised within such period, to the person entitled to registration, the obligator for registration, and any third party having interest in the registration. (2) Where address or residence of a person to be notified is unknown, a notice shall be posted on the bulletin board of the registration office for the period REGISTRATION OF REAL ESTATE ACT

130(Supp. 46)

under paragraph (1) in lieu of the notification under paragraph (1). [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 176 (Objections to Cancellation)

Where any objection is raised to the cancellation, a registration officer shall make a decision on the objection.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 177 (Ex Officio Cancellation)

Where no person has raised an objection under Article 176, or an objection has been dismissed, a registration officer shall cancel the registration ex officio.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] CHAPTER -2 SPECIAL CASES

CONCERNING TREATMENT

OF REGISTRATION

AFFAIRS BY ELECTRONIC

DATA PROCESSING

SYSTEM

Article 177-2 (Treatment of Registration Affairs by Electronic Data Processing System)

(1) All or part of the registration affairs of a registration office designated and announced by the Chief Justice of the Supreme Court (hereinafter referred to as designated registration office ) may be handled by the electronic data processing system. In such cases, the auxiliary storage in which registered matters are recorded (including magnetic disc, magnetic tape, or other electronic information storage media capable of securely recording or storing specific registered matters by means similar thereto; the same shall apply hereinafter) shall be deemed the registry. (2) Notwithstanding the provisions of Article 23 (1), the registry under paragraph (1) may be kept and managed in a place prescribed by the Regulations of the Supreme Court, and it shall not be moved outside of such place except for cases to avoid a war, natural disaster, and other situations equivalent thereto.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] 7

131 (Supp. 46)

Article 177-3 (Issuance of Certified Copies or Abstracts, and Perusal of Registries)

(1) When registration affairs are handled pursuant to Article 177-2, a document verifying the whole or part of the matters recorded in a registry shall be deemed a certified copy or an abstract of the registry. (2) When registration affairs are handled pursuant to Article 177-2, perusal of a registry may be conducted by issuance of a document stating necessary matters of those recorded in the registry or by offering such details by electronic means.

(3) When registration affairs are handled pursuant to Article 177-2, even for real estate under the jurisdiction of another designated registration office designated and announced by the Chief Justice of the Supreme Court, it is allowed to issue a certified copy or an abstract of a registry or offer the registry for perusal pursuant to paragraphs (1) and (2). [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 177-4 (Special Cases concerning Treatment of Registration Affairs) (1) When registration affairs are handled pursuant to Article 177-2, the details related to the registration number or the registration number column shall not be applied from among the provisions of Articles 14 (2), 17, 58, 61, 88 (3) and 102-4 (3), 16 (1) and (2), 81 (1), 93, 96 (1) and (4), 97, 104 (1) and (2), 104-2 (1) through (3), 105, 105-2, 108 (1) through (3), 108-2, 114 (3), 133 and 134 (1).

(2) When registration affairs are handled pursuant to Article 177-2, the term registration form or form in this Act shall be construed as registration record , entry as record , registration officer shall affix his/her seal as measures indicating a registration officer who has handled registration affairs shall be taken , shall be crossed out with red lines as symbol indicating cancellation shall be recorded , due to numerous pages as due to numerous matters to be recorded , and item column as column for a person holding the right and other matters . [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 177-5 (Exchange, etc. of Computer Processing Information Data) (1) When registration affairs are handled pursuant to Article 177-2, a notice on completion of registration or forwarding of a duplicate of an application under Articles 68-2 and 68-3 may be substituted by forwarding an auxiliary storage wherein matters prescribed by the Regulations of the REGISTRATION OF REAL ESTATE ACT

132(Supp. 46)

Supreme Court are recorded, or a document wherein the said matters are stated, or by transmitting such details by means of computer communication networks.

(2) The Head of the Office of Court Administration may receive the computer processing information data related to the treatment of registration affairs from State agencies or local governments.

(3) Any person who intends to utilize or put to practical use of computer processing information data on the registered matters recorded in the registry under Article 177-2 (hereinafter referred to as computerized registration data ) shall obtain approval of the Head of the Office of Court Administration through examination by the head of the relevant central administrative agency: Provided, That where the head of a central admin- istrative agency intends to utilize or put to practical use of computerized registration data, he/she shall consult with the Head of the Office of Court Administration, and it shall be deemed that his/her approval has been obtained upon the conclusion of such consultation. (4) Matters necessary for the utilization or putting to practical use of the computerized registration data under paragraph (3) and its fees shall be prescribed by the Regulations of the Supreme Court. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 177-6 (Special Cases concerning Computerization of Registration) (1) The designated registration office shall, as prescribed by the Regulations of the Supreme Court, record the registration in the registration form currently existing as at the time of such designation, in the auxiliary storage (hereinafter referred to as computerization of registration ) by means of the electronic data processing system.

(2) In cases under paragraph (1), any person designated by the Chief Justice of the Supreme Court may, notwithstanding the provisions of Article 12, take en bloc measures indicating the purport that computerization of registration has been made under his/her own name from the former registration form to the registered records under computerization of registration, in lieu of a registration officer.

(3) The registered records under computerization of registration pursuant to paragraph (1) shall be deemed a registered record of the registry under Article 177-2 from the time when the former registration form have been closed.

7

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(4) When computerization of registration under paragraph (1) is made, computerization of registration of name or title, address or the location of a business office, resident registration number or a registration number under Article 41-2 of the registered titleholder, may be made by converting them to those at the time of computerization of registration. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 177-7 (Financial Guarantee)

The Head of the Office of Court Administration may stipulate and operate matters concerning the financial guarantee of a registration officer handling registration affairs by means of the electronic data processing system, and of a person designated by the Chief Justice of the Supreme Court under Article 177-6 (2).

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 177-8 (Special Cases concerning Application for Registration) (1) The party concerned or an agent applying for registration may apply for registration using the electronic data processing system. In such cases, such party concerned or agent shall register as a user in advance. (2) Where registration affairs are handled by means of the electronic data processing system, electronic documents or other methods may substitute documents falling under the subparagraphs of Article 40 (1), and, in cases of electronic documents, signing and sealing, or autographing by the applicant, writer or publisher may be substituted with electronic signature. (3) Subparagraph 3 of Article 55 shall not apply to cases where registration is applied for under paragraph (1).

(4) Applications for registration under paragraph (1) shall apply only to registration offices or types of registration designated and notified by the Head of the Office of Court Administration.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 177-9 (Special Cases concerning Registration Certificate) (1) Where registration is completed by the electronic data processing system, a registration officer may give notice as to information in substitution of the registration certificate (hereinafter referred to as information on completion of registration ) in lieu of issuance the registration certificate under Article 67 (1).

(2) Where registration is applied for under Article 177-8 (1), the party concerned or an agent applying for registration may offer the information REGISTRATION OF REAL ESTATE ACT

134(Supp. 46)

on completion of registration in lieu of presentation of the registration certificate under Article 40 (1) 3.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 177-10 (Timing for Receipt of Registration) Where registration affairs are handled by the electronic data processing system, it shall be deemed that an application for registration has been received at the time when the information on application for registration prescribed by the Regulations of the Supreme Court is electronically recorded in the electronic data processing system.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 177-11 (Delegation to Regulations of Supreme Court) Matters necessary for management of registries and treatment of registration affairs when registration affairs are handled pursuant to Article 177-2, the application for registration under Article 177-8 and the information on completion of registration under Article 177-9 shall be prescribed by the Regulations of the Supreme Court. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] CHAPTER OBJECTIONS

Article 178 (Formal Objections and Jurisdiction therefor) Any person who has an objection to a decision or disposition of a registration officer may raise an objection to the competent district court. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 179 (Procedures for Objections)

Formal objections shall be raised by submitting a written objection to a registration office.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 180 (Prohibition of Objections Due to New Facts) No objection shall be raised on the grounds of a new fact or new evidence method.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 181 (Measures by Registration Officers)

(1) A registration officer shall, where he/she acknowledges that an objection is groundless, forward the case to the competent district court along with his/her opinion within three days.

(2) A registration officer shall, where he/she acknowledges that an objection 7

135 (Supp. 46)

has good grounds, take proper measures.

(3) If an objection is raised after the registration is completed, the fact that an objection has been raised to such registration shall be notified to the parties interested in the registration, and forward the case to the competent district court along with his/her opinion within three days. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 182 (Non-Suspension of Execution)

No objection shall have the effect of suspending any execution. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 183 (Decisions on Objections and Appeals) (1) The competent district court shall make a decision on each objection, with the reasons appended thereto. In such cases, where the objection is deemed to be reasonable, the said court shall order a registration officer to take proper measures, and shall notify the applicant for the objection and the interested parties in registration of such purport. (2) An appeal may be filed against the decision under paragraph (1) pursuant to the Non-Contentious Case Litigation Procedure Act. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 184 (Orders for Provisional Registration and Additional Registration Prior to Dispositions)

The competent district court may, before making a decision on any objection, order a registration officer to make a provisional registration or an additional registration with the purport that an objection has been raised. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 185 (Method of Making Registration by Order of Competent District Court)

A registration officer shall, when he/she makes registration by an order of the competent district court, state the district court which has issued the order, the date of such order, the purport that the registration is filed pursuant to the order, and the date of registration therein, and affix his/her seal thereto.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 186 (Service)

The Civil Procedure Act shall apply mutatis mutandis to service of documents, and the Non-Contentious Case Litigation Procedure Act shall apply mutatis mutandis to the expenses for objections. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] REGISTRATION OF REAL ESTATE ACT

136(Supp. 46)

CHAPTER SUPPLEMENTARY PROVISIONS

Article 186-2 (Fines for Negligence)

Where a person entitled for making an application for registration under Article 101 neglects such application for registration, he/she shall be punished by a fine for negligence not exceeding 50 thousand won. [This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 186-3 (Securing Safety of Information on Completion of Registration) (1) A registration officer shall take necessary and appropriate measures for the prevention of divulgence, loss or damage of information upon completion of registration, and for other safety supervision of the information on completion of registration.

(2) No registration officer, or a person who is engaged in, or was in a position to handle registration affairs for real estate at a district court, a branch thereof, or a registration office shall divulge any secret in relation to the preparation or management of information on completion of registration which he/she has learned in the course of performing his/her duty with regard thereto.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 186-4 (Penal Provisions)

Any person falling under any of the following subparagraphs shall be punished by imprisonment with prison labor for not more than two years or a fine not exceeding ten million won:

1. Any person who divulges any secret in relation to the preparation or management of the information on completion of registration in violation of Article 186-3 (2);

2. Any person who has acquired information on completion of registration for the purpose of providing it for an application for or entrustment of registration so that a false record can be made in the registry or any person who has provided the information on completion of registration despite being aware of such fact;

3. Any person who has acquired the information on completion of registration by an illegal manner and has kept it for the purpose referred to in subparagraph 2.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] Article 187 (Regulations of Supreme Court)

Matters necessary for the administration of this Act shall be prescribed 7

137 (Supp. 46)

by the Regulations of the Supreme Court.

[This Article Wholly Amended by Act No. 8922, Mar. 21, 2008] ADDENDA

Article 188 (Transitional Provisions)

Registration cases accepted prior to this Act coming into force shall be dealt with in accordance with the former provisions. Article 189 (Transitional Provisions)

Registration of a former permanent right to rent or preferential rights, which have already lost their validity, may be cancelled ex officio or upon an application by the parties interested in registration. Article 190 (Transitional Provisions)

(1) Registrations filed under the former provisions prior to this Act entering into force shall be regarded as having been filed under this Act. (2) Register drawn up and manufactured before this Act enters into force shall be used, even after this Act enters into force, just as it is. Article 191 (Acts and Subordinate Statutes to be Repealed) The Order regarding Registration of Real Estates in Choseon shall hereby be repealed.

Article 192 (Enforcement Date)

This Act shall enter into force on January 1, 1960. ADDENDA

(1) (Enforcement Date) This Act shall enter into force on the date of its promulgation.

(2) (Transitional Provisions) At the time when this Act enters into force, the office of administration for State real estate shall consign to a registration office an additional registration of the name of the office of administration without delay.

ADDENDA

(1) (Enforcement Date) This Act shall enter into force on March 1, 1979: Provided, That the provisions of Article 40 (2), and the proviso to Article 45, shall be applied on and after the date as prescribed by Presidential Decree. [Application starting from October 1, 1988 pursuant to Presidential Decree No. 12527, September 30, 1988]

REGISTRATION OF REAL ESTATE ACT

138(Supp. 46)

(2) (Transitional Measures) Where a contract for sale or exchange of own- ership, which is a cause for registration, has been concluded before the date of enforcement of this Act, the provisions of Article 40 (2) and the proviso to Article 45 shall not be applied.

ADDENDA

(1) (Enforcement Date) This Act shall enter into force six months after its promulgation.

(2) (Transitional Measures concerning Conversion of Registration Form) Notwithstanding the amended provisions of Articles 9, 16 (2), 17, 77, 78 and 86, the former provisions shall prevail concerning real estate whose registration form has not been converted into a card at the time of the en- forcement of this Act, until the registration form is converted into a card. (3) Omitted.

(4) (Transitional Measures concerning Unit of Size) The indication of area the registration of which is filed by ban or the number of pyong in accordance with the former provisions at the time of the enforcement of this Act, shall be continually used until it is registered by a conversion into square meters: Provided, That if the registration officer comes to know the fact that the size of the said land or building is registered by a conversion into square meters by a transcript of the cadastral record or that of the house register, he/she shall make an ex officio registration of such conversion. ADDENDA

Article 1 (Enforcement Date)

This Act shall enter into force one year after its promulgation. Article 2 (Transitional Measures)

(1) The registry folio of the building which is subject to the ownership by partition under the provisions of the Aggregate Buildings Act, and which exists at the time of the enforcement of this Act, shall be changed to the registry folio under the proviso to Article 15 (1) as prescribed by the rules of the Supreme Court within two years from the enforcement date of this Act.

(2) If the sectional owner of a section of exclusive ownership under the Aggregate Buildings Act, existing at the time of the enforcement of this Act, fails to submit the regulations stipulating that he/she is able to dispose of the right to use a site by separating it from his/her section of exclusive 7

139 (Supp. 46)

ownership, to a registration office within six months from the enforcement date of this Act, a registration officer shall make the registration ex officio under Articles 57 and 57-2 within two years from the enforcement date of this Act.

(3) The procedure of registration under paragraph (2) which the registration officer takes ex officio, shall be prescribed by the rules of the Supreme Court.

ADDENDUM

This Act shall enter into force on the date of its promulgation. ADDENDA

(1) (Enforcement Date) This Act shall enter into force on March 1, 1987: Provided, That the revised provisions of Article 41-2 (1) 2 (including the revised provisions of Articles 40 (1) 7, 41 (2), the latter part of 57 (2) and that of 134) shall enter into force as of the day prescribed by rules of the Supreme Court within the limit not exceeding six months from the effective date of this Act.

(2) (Transitional Measures) Any registration cases accepted before the enforcement of this Act shall be subject to the former provisions. (3) (Applicability to Granting Registered Number to Corporation or Foundation which is not Juristic Person) The revised provisions of Article 41- 2 (1) 3 shall begin to apply to the first case for a preservation or transfer registration of the ownership after the enforcement of this Act. ADDENDA

Article 1 (Enforcement Date)

This Act shall enter into force one month after its promulgation. Articles 2 through 4 Omitted.

ADDENDA

Article 1 (Enforcement Date)

This Act shall enter into force on February 1, 1992. Article 2 (Transitional Measures concerning of Subdivision and Combination)

(1) Any registration of combination of land or buildings which have already been combined in the land cadastre, forest land cadastre, or house register REGISTRATION OF REAL ESTATE ACT

139-1(Supp. 46)

at the time this Act enters into force, shall be subject to the former provisions, notwithstanding the revised provisions of this Act. (2) Where there exists a registration of the rights other than the superficies, right to lease on a deposit basis, leasehold interests, and easements on the subservient estate, subject to a lot of land and one unit of building at the time of enforcement of this Act, the corresponding provisions of this Act concerning the case where there exist the rights other than the ownership, shall be applicable to any registration of such division or partition. Article 3 (Closure of Registration Form for Destroyed or Lost Building) (1) A registration officer shall, where he/she discovers a registration form of a building in which no change has been made in registered matters since January 1, 1950, notify with fixing the period within one month the regis- tered titleholder for the said ownership and other interested parties on registration, of the purport that the said registration form shall be closed unless they report within the said period on the purport that there currently exists the building, and concurrently inquire the governmental office in charge of the house register of the fact whether it keeps the house register relevant to the said building.

(2) The provisions of Article 175 (2) shall apply mutatis mutandis to the notification under paragraph (1).

(3) Where there exists no report on the purport that the building currently exists within the period under paragraph (1), and there exists a notification from the governmental office in charge of the house register that the house register concerning the relevant building is not kept, the registration officer shall close the relevant registration form.

(4) The registered titleholder for the said ownership, other interested parties on registration, or the relevant heir may apply at any time for the restoration of the registration form closed under paragraph (3), by appending thereto the document certifying the existence of the building. Article 4 (Special Measures for Adjusting Registration of Mortgage, etc.) The registration falling under any of the following subparagraphs, which have been entered in the registry prior to December 31, 1968, shall be crossed out where there exists no report from the interested parties on the purport that the right continues to exist, within ninety days from the enforcement date of this Act: Provided, That in the case of a registration of mortgage, where such entries as a registration of a provisional injunction subject to the said mortgage, a pre-announced registration to cancel the registration of the said mortgage, or a registration of application for public 7

139-2 (Supp. 46)

auction pursuant to the mortgage, are made in the registry after January 1, 1969, this provision shall not apply:

1. Mortgage;

2. Pledge;

3. Seizure;

4. Provisional seizure;

5. Provisional injunction;

6. Preannounced registration;

7. Bankruptcy;

8. Public auction. Article 5 (Revision of Other Acts)

(1) through (4) Omitted.

(5) Except for the cases of paragraphs (1) through (4), in cases where the provisions of the Registration of Real Estate Act are quoted by other Act, and where there are any corresponding provisions in this Act, the corresponding provisions in this Act shall be considered to have been quoted in lieu of the former provisions.

ADDENDA

Article 1 (Enforcement Date)

This Act shall enter into force on April 1, 1993. Articles 2 through 6 Omitted.

ADDENDA

(1) (Enforcement Date) This Act shall enter into force on July 1, 1994. (2) and (3) Omitted.

ADDENDUM

This Act shall enter into force on January 1, 1997: Provided, That the amended provisions of Article 27 (3) and subparagraph 9 of Article 55 shall enter into force on July 1, 1997.

ADDENDA

Article 1 (Enforcement Date)

This Act shall enter into force on the date of its promulgation. Article 2 Omitted.

REGISTRATION OF REAL ESTATE ACT

139-3(Supp. 46)

Article 3 (Relations with Other Acts and Subordinate Statutes) If a registration public official is cited in other Acts and subordinate statutes at the time when this Act enters into force, a registration officer shall be deemed to have been cited.

ADDENDA

Article 1 (Enforcement Date)

This Act shall enter into force on January 1, 2002. Article 2 (Transitional Measures concerning Designation of Registration Officers)

(1) Public officials in general service of the sub-series of court clerical classes working for the court at the time of enforcement of this Act may be designated as the registration officer pursuant to the former provisions. (2) Any person designated as the registration officer under the former provisions at the time of enforcement of this Act shall be deemed to have been designated under the amended provisions of Article 12. ADDENDUM

This Act shall enter into force on July 1, 2002.

ADDENDUM

This Act shall enter into force six months after the date of its promulgation. ADDENDA

Article 1 (Enforcement Date)

This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)

Articles 2 through 9 Omitted.

ADDENDA

(1) (Enforcement Date) This Act shall enter into force on June 1, 2006. (2) (Examples of General Application) The amended provisions of this Act shall apply starting with the portion applied for registration for the first time after the enforcement of this Act for a trade contract concluded after January 1, 2006.

ADDENDA

Article 1 (Enforcement Date)

7

139-4 (Supp. 46)

This Act shall enter into force on June 1, 2006.

Article 2 (Special Measures concerning Readjustment of Registration of Mortgage, etc.)

(1) The registration filed prior to December 31, 1980, and falling under any of the following subparagraphs shall be cancelled if no report is filed from the interested parties purporting that a right exists within 90 days from the date of enforcement of this Act:

1. Mortgage;

2. Pledge;

3. Seizure;

4. Provisional seizure;

5. Provisional injunction;

6. Pre-announced registration;

7. Bankruptcy;

8. Auction. (2) Notwithstanding the provisions of paragraph (1), cases of registration of mortgage falling under any of the following subparagraphs shall be an exception:

1. Where a provisional registration having a mortgage thereof as an object, a pre-announced registration in relation to the cancelation of registration of the mortgage thereof, or a registration of application for auction involved with the mortgage is recorded in the registry after January 1, 1981;

2. Where the mortgagee is the financial institution referred to in subparagraph 1 of Article 2 of the Act on Real Name Financial Transactions and Guarantee of Secrecy.

ADDENDA

Article 1 (Enforcement Date)

This Act shall enter into force on January 1, 2008. (Proviso Omitted.) Articles 2 through 9 Omitted

ADDENDA

Article 1 (Enforcement Date)

This Act shall enter into force on the date of its promulgation. (Proviso Omitted.)

Articles 2 through 7 Omitted

REGISTRATION OF REAL ESTATE ACT

140(Supp. 46)

ADDENDUM

This Act shall enter into force on the date of its promulgation. ADDENDA

Article 1 (Enforcement Date)

This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)

Articles 2 through 11 Omitted.


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