What is Melkia Property?
When it comes to buying property in Morocco, it's important to understand the different types of ownership available. One such type is known as “Melkia.” Melkia properties operate under a traditional form of property ownership that does not follow the formal land registration process governed by the Moroccan National Agency for Land Conservation, Cadastre, and Cartography (ANCFCC). Here, we will discuss what Melkia properties are, the pros and cons of purchasing them, and what you need to know as a potential buyer.
1. What is Melkia Property?
Melkia properties are governed by traditional customs and practices rather than being formally registered with the ANCFCC. Ownership of a Melkia property is usually evidenced by a handwritten document (Melkia deed), which records the transfer of property rights between individuals. This type of ownership is common in rural areas and often involves properties that have been passed down through families for generations.
2. The Difference Between Melkia and Titled Properties
The main difference between Melkia and titled properties is that Melkia properties are not formally registered in the national land registry. Titled properties, on the other hand, are fully registered, offering higher security and legal protection. Melkia deeds are not recognized by the ANCFCC, meaning that ownership rights can be more difficult to verify, and the property is more susceptible to disputes or claims from other parties.
3. The Risks of Purchasing Melkia Property
Buying a Melkia property comes with several risks. Since these properties are not officially registered, there is an increased risk of disputes regarding ownership, particularly if the property has been passed down through multiple heirs. Additionally, without formal registration, it can be challenging to secure a mortgage or financing for a Melkia property. The informal nature of the Melkia deed also makes the process of verifying the property’s history and legality more complex.
4. Registering a Melkia Property
It is possible to convert a Melkia property into a titled property by registering it with the ANCFCC. However, this process can be lengthy and complicated, involving the verification of ownership, boundary surveys, and the resolution of any outstanding disputes. While the conversion process can add significant value to the property, it requires the assistance of legal professionals and potentially additional costs.
5. Pros of Purchasing Melkia Property
One potential advantage of purchasing Melkia property is that it is often less expensive than titled property. The lower cost can be appealing for buyers looking for affordable options in rural areas. Additionally, Melkia properties can offer unique opportunities, particularly for buyers interested in agricultural land or traditional family estates.
6. Due Diligence is Key
If you are considering purchasing a Melkia property, due diligence is crucial. Engaging an experienced lawyer who understands the intricacies of Melkia deeds is highly recommended. They will help verify the authenticity of the Melkia deed, ensure that the seller has full rights to transfer the property, and assist with initiating the registration process if desired.
7. Should You Buy a Melkia Property?
Purchasing a Melkia property can be a worthwhile investment for those looking for more affordable options and unique opportunities. However, it is essential to understand the risks involved and be prepared for a potentially complicated registration process. If you are risk-averse and prefer straightforward ownership with full legal protection, opting for a titled property might be a better choice.
Melkia properties are a traditional form of ownership in Morocco that come with both opportunities and challenges. While they offer a more affordable route to property ownership, the risks involved in terms of legal security and registration are significant. At Hawazine Property Marrakech, we can help you navigate the complexities of buying Melkia property, ensuring that you understand the process and make an informed decision that aligns with your goals.