Property Title Record (Matrícula do Imóvel)
Every property has a title record (matrícula) at a specific Real Estate Registry Office (CRI), determined by its location. The title record documents the property’s entire legal history: origin date, subdivisions, developments, sales, mortgages, liens, usufructs, fiduciary liens, and any…
Explanation
Every property has a title record (matrícula) at a specific Real Estate Registry Office (CRI), determined by its location. The title record documents the property’s entire legal history: origin date, subdivisions, developments, sales, mortgages, liens, usufructs, fiduciary liens, and any other act that changes the property’s status.
An updated title record (a matrícula certificate valid for 30 days) is the single most important document in any real estate due diligence. Without it, there is no way to know whether the property is free of encumbrances or whether the seller is truly the owner.
