Thursday, November 16, 2006

Richdel Irrigation Valve

exercise the registration function. Limitations and effects

Bogotá, DC, November 9, 2006
OAJ
3058

Doctor Mr Fabio Alberto Agudelo Gonzalez Carrera

Chief Registrar 15 No. 3 N 26
Armenia - Quindío

Subject: Exercise of the registration function. Concept CR-002 to record deed
2795 September 18, 2006. Dear

Recorder: Requires

in his letter was conceptualized on the feasibility of a property matrix desenglobar lots on which to build the stages II and III of the Residential Garden of the Americas.

regard from the standpoint of material, the process of registration of public, it is administered within the Registrar of Public, a decision which may be positive or negative, on the document is filed, ordering the registration or return.

From preliminary examination must be submitted to the titles brought to registration of public and given the powers of the Registrar systems which benefit in this procedure are based on the principle of legality, so that registration will only have access to valid and perfect titles.

The qualification or study of documents subject to registration is not reduced to mere mechanical work, merely indicating the kind of record to be made, or return the document without making the corresponding study on the pretext of carrying out consultations . The very purpose of regulation is imposed by current registry, so that should be investigated if the respective public document or not meeting the procedural and substantive requirements required by law. Given the above

I suggest applying the technique registration, based on Article 50 of Decree Law 1250 of 1970 and Article 7 of Law 675 of 2001 which provides:

"SETS INTEGRATED PHASED. When a set is developed in stages, the articles of association must state that fact, and regular in its general content of the scheme, how to integrate the subsequent stages, and the percentage ownership of the private property of the stage is formed, which are provisional. Subsequent stages

the original owner will integrate additional s deed, in which they identify their private property, common property located in each stage and the recalculation of the coefficients of ownership of all private assets of the joint integrated phases, which are provisional.

The deed by which integrates the last stage, the coefficients of ownership of the whole will be determined definitively.

Both interim and the final coefficients are calculated in accordance with the provisions of this Act.

PARAGRAPH. In any case, the planning authority may only approve developments house built in stages subject to the horizontal property regime, when they allow the use and enjoyment of the equipment offered for their functionality. "

Since the decision regarding the registration of the deed has been submitted for registration, subject to this consultation, which application may be negative on their part, can be challenged on appeal the Director of Registration, we can not express criterion for or against the viability of desenglobe, because of the particular jurisdiction to rule on it corresponds to the instance referred to.

Sincerely,



Roberto Burgos Cantor Chief Counsel Office

Project. Ares

November 9, 2006 Revised.
JCDC

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