Regulations of the Land Registration Article 100-1

Pursuant to Paragraph 3, Article 824 of the Civil Code, the applicant for the registration of partition of jointly owned property, of which joint owner(s) is (are) entitled to monetary compensation, shall offer monetary compensation for the acquired land from the partition and is responsible for the application of the registration of mortgage right on behalf of the compensation receiving party(s), unless the applicant presents the proof that the said compensation to which the joint owner(s) is (are) entitled has been received or deposited for withdrawal.The order of mortgage right mentioned above shall supersede the mortgage right mentioned in the Proviso provided in Paragraph 1, Article 107. Upon the completion of the said registration, the registration agency shall notify the mortgage right holders of order and the compensation obligor regarding the result of the said registration.