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Publication date: 15.04.2024
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Checking the legal purity of real estate before purchasing, real estate check it is a very important step in order to avoid possible problems and risks in the future.
Legal due diligence of an apartment upon purchase, here are some steps you can take during such check of documents for real estate:
Title: Verification of title to real estate. This includes checking the title, whether there are any documents proving ownership, and any encumbrances on the property such as mortgages, liens or judgments. Make sure that the person selling the property has all the necessary rights to the property. This may include checking property documents such as title deeds, sales contracts, probate documents, etc.
Documentation: Verification of all documents related to real estate, such as sales contract, technical passport, building permit, acceptance-handover documents, etc.
Permits and licenses: Checking the availability of all necessary permits and licenses for construction, reconstruction or rezoning of real estate.
Legal Encumbrances: Check if there are any legal encumbrances on the property, such as sale prohibitions, mortgages, judgments, etc. This can be done through the real estate registration department or through information about legal encumbrances.
Permits and Land Title Check: Make sure the building has all the necessary building permits and land titles. This may include checking the land register and building permits with local authorities.
Tax and Utility Check: Make sure all property taxes and utility bills are paid. This is important because failure to pay taxes can lead to legal problems in the future.
Legal Advice: It is important to get legal advice from a lawyer or attorney experienced in real estate matters. They can give you specific advice and help you understand any risks or flaws in your purchase plans, legal due diligence on the apartment when you buy it.
Check of the legal purity of real estate, these steps can help you make an informed decision about buying real estate and avoid possible legal problems in the future.
Checking required permits, title deeds and building declarations is extremely important before purchasing any property. Even if the apartment looks attractive and is sold at an attractive price, invalid or missing documents can lead to serious legal problems in the future.
Obtaining all necessary building permits, property rights and relevant documents that confirm the legality of construction and ownership is a guarantee of your legal security as a buyer. They confirm that the property will be legal and safe for you and your family.
Therefore, checking these documents should be an important step in the process of buying any home, regardless of location and price. Indeed, many factors can influence your choice of apartment, but the legality and legal purity of real estate should always come first. A pre-purchase real estate due diligence is a process in which you or your lawyer analyze all legal aspects related to the property to ensure your legal security and avoid possible problems in the future.
