Meaning of RGI (What it is, Concept and Definition)

RGI stands for General Property Registry, a document that presents all information about a particular property, as pledge conditions, if there is outstanding debt or any other impediment or irregularity that may exist.

In order for a property to be sold or purchased, it must have its RGI, showing the entire situation of the property (house, apartment, office, land, etc.).

In almost all the main Brazilian cities and municipalities, there is a General Property Registry Office, where they are located. registered all properties, in that region, that were sold, that are for sale, or that are going through a situation of garnishment.

Remembering that, according to Brazilian law, in order to acquire a property, it is essential that the sales contract, public deed, etc., is duly registered and authenticated with a General Property Registry at a competent registry (RGI).

A building, for example, must have an RGI for each apartment, so that they can be sold separately to each buyer.

The purchase of a property without the General Property Registry, in addition to being prohibited, can lead to fraudulence.

See also:

  • Private propriety
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