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1. Applicable Codes: GuangZhou Municipal Provisions on Urban Real Estate Registration, Guangdong Provincial Regulations on Urban Real Estate Ownership Registration, and Guangzhou Municipal Administrative Regulations on the Registration of Property Mortgages.

2. Applicability: Owners of properties with a registered mortgage and terminated other rights shall apply for registration of mortgage cancellation. Major scenarios include:

(1) The primary creditor’s rights are no longer in existence and other rights have been terminated;

(2) The mortgage rights have been exercised and other rights have been terminated;

(3) The mortgager has given up on his mortgage rights and other rights have terminated.

3. Documents Required:

No. Name of Document Name of Document Number of Copies Original or Photocopy Conditions Remarks
1 Application Letter align=left>Guangzhou Municipal Application for Registration of Other Property Rights align=center>1 Original
2 ID Paper Entity and Individual ID Paper 1 Photocopy Where the institutional name of the mortgager or mortgagee has changed, the approval document for such change shall be provided.
3 Property Ownership Certificate Property Ownership Certificate, Property Co-ownership Certificate, and Certificate of Other Property Rights 1 Original Applicable to mortgages with property ownership certificates
4 National land use certificate, and certificate of declaration of mortgage rights, or certificate of mortgage registration 1 Original Applicable to mortgages with works in progress
5< National land use certificate and certificate of other land rights 1 Original Applicable to mortgages with land
6 Certificate of pre-declaration of pre-purchased commercial housing, or commercial housing purchase contract, and certificate of declaration registration of mortgage rights, or certificate of mortgage registration 1 Original Applicable to mortgages with pre-purchased commercial housing
7 Documents certifying termination of other property rights Certificate of mortgage cancellation 1 Original To be provided by the mortgager

4. Handling Agency:

(1) Cancellation of mortgage with property ownership certificates or pre-registration certificates of mortgage rights: Department of Application Processing, Guangzhou Municipal Real Estate Transaction Registration Centre

(2) Cancellation of mortgage with works in progress and land: Department of Mortgage Registration, Guangzhou Municipal Real Estate Transaction Registration Centre

5. Date of Completion:

(1) Cancellation of mortgage with property ownership certificates or pre-registration certificates of mortgage rights: Within one workday of case acceptance at the counter and issuance of the Real Estate Transaction Registration Processing Confirmation.

(2) Cancellation of mortgage with works in progress and land: Within three workdays of case acceptance at the counter and issuance of the Real Estate Transaction Registration Processing Confirmation.

6. Authority of Review & Approval: Level 1 Review & Approval

7. Handling Process:

(1) Cancellation of mortgage with property ownership certificates or pre-registration certificates of mortgage rights: Case accepted — review — documents received & distributed — certificate issued — filing

(2) Cancellation of mortgage with works in progress and land: Case accepted (one workday) — documents received & distributed — first review (two workdays) — documents received & distributed — certificate issued — filing

8. Fees Payable: None

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