Transfer of Real Property Arising from Non-Legal Transaction

The acquisition and transfer of property right shall be reflected in a public manifestation which might be relied upon by the social public. As for real estate property the public manifestation shall be achieved through registration. For the purpose of transaction protection a material registration system shall be adopted for real estate property. However the transfer of real estate property arising from non-legal transaction shall be effective without registration. The new property owner shall have the right to hold an estate in fee. Nevertheless the registration system for real estate property shall also play an important role under the circumstances that a third party's interests are involved.