Registering property: Land dispute resolution index (0-8) (DB16-20 methodology)
What's in it
The land dispute resolution index measures the accessibility of conflict resolution mechanisms and the extent of liability for entities or agents recording land transactions. It has eight components: (i) whether the law requires that all property sale transactions be registered at the immovable property registry to make them opposable to third parties; (ii) whether the formal system of immovable property registration is subject to a guarantee; (iii) whether there is a specific, out-of-court compensation mechanism to cover for losses incurred by parties who engaged in good faith in a property transaction based on erroneous information certified by the immovable property registry; (iv) whether the legal system requires verification of the legal validity of the documents (such as the sales, transfer or conveyance deed) necessary for a property transaction; (v) whether the legal system requires verification of the identity of the parties to a property transaction; (vi) whether there is a national database to verify the accuracy of identity documents; (vii) how much time it takes to obtain a decision from a court of first instance (without an appeal) in a standard land dispute …