Lost Your Registered Property Certificate? Don't Panic! Solve it with a Verification Statement!

Don't worry about losing your land registration certificate!Losing your land registration certificate, which proves ownership of your valuable real estate, can be confusing. But did you know that you can obtain a verification document instead of a land registration certificate, which cannot be reissued? This article explains everything in detail, from how to obtain a verification document when you lose your land registration certificate to what to watch out for.

Why can't land registration certificates be reissued?

Land registration certificates are issued only once and cannot be reissued for the following reasons.

• Security Issues: If land registration certificates are issued indiscriminately, they can be misused for fraudulent transactions.
• Clarity of Ownership Proof: Only the originally issued land registration certificate is recognized as valid evidence.

What should I do if I lose my land registration certificate?

If you have lost your land registration certificate, you can replace it by obtaining a verification document using the following methods.

🔗 Issuance of Verification Document instead of Re-issuance of Lost Land Registration Certificate

1. Issuance of a verification document through a notary public or lawyer

• This is the most common method. You obtain a verification document by entrusting it to a notary public.
• The cost is approximately 100,000 to 200,000 won.
  
  

2. Issuance of a notarized document through a notary public office

• This is a method of obtaining a notarized document by obtaining notarization from a notary public office.
• The cost may be higher than using a notary public.
  
  

3. Directly writing a verification record at the registry office

• This method involves visiting the registry office and writing a verification record yourself.
• While the cost is free, it involves a cumbersome procedure.

What documents are needed to obtain a verification document?

The following documents are required to obtain a verification document.

• Identification card
• Copy of land registration certificate (if available)
• Power of attorney (if entrusting to a notary public)

Does the verification document have the same effect as the land registration certificate?

Yes, the verification document has the same legal effect as the land registration certificate, so it can be used for real estate transactions, ownership transfers, collateral establishment, etc.

What should I be careful about when issuing a verification document?

• Prompt Action: If you lose your land registration certificate, it is best to obtain a verification document as soon as possible.
• Professional Assistance: Since this is a legal procedure, it is best to seek the help of a notary public or lawyer.
• Cost: There may be costs associated with obtaining a verification document.

Frequently Asked Questions (FAQ)

• Can I suffer financial losses if I lose my land registration certificate?
  • The land registration certificate itself has no property value, and there is no financial loss if you obtain and use a verification document.
• Can I only obtain a verification document once?
  • Verification documents can be issued as needed.
• What should I do if I lose my verification document?
  • Even if you lose your verification document, you can obtain another one.

Conclusion

Losing a land registration certificate is disconcerting, but it can be resolved by obtaining a verification document. The important thing is to act quickly and get professional help.