Registration of mortgage rights in Georgia

Registration of the emergence of the right of mortgage to real estate means the recording of data on the emergence of this right in the relevant register, with the adoption of a decision on registration.

The creditor (mortgagee) is primarily interested in registering the emergence of the mortgage right to real estate, because if the debtor does not satisfy the claim, the security of which is the mortgage, the mortgagee is authorized to demand the sale of the real estate item, and thus satisfy his claims against the debtor if the mortgage agreement does not provide for anything else.

A piece of real estate loaded with a mortgage may become the property of a lender (mortgagee) if this is expressly provided for in the mortgage agreement. If the debtor does not meet the claim secured by the mortgage in time, the property subject to the mortgage may pass into the ownership of the creditor (mortgagee), if the creditor and the debtor submit a joint application to the registered authority regarding this.

To register the emergence of the right to a mortgage, you should contact the House of Justice, having the following documents with you: 

1. Application (the electronic application is filled in by the operator receiving the documents);

2. A copy of the identity card;

3. A duly certified (notarized or in the Civil Register by an authorized person) document confirming the termination of the lease right;        

4. A document confirming the payment of the cost of registration service (payment of the cost of service is possible on the spot).

If the applicant is a representative of an interested person, then an additionally certified document of the representative office and a copy of an identity card should be presented.       

In a specific case, you can additionally request any document or information necessary for making a decision.

Terms and cost of service:

The countdown of the period starts from the next day after the registration of the application and ends upon the expiration of its last day. If the last day of the term coincides with a day off or a non-working day, then the last day of the term is the next working day.