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Verification of documents for registration of ownership: secure your investment in real estate

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Письменна Марія
Письменна Марія
Attorney
Ukraine / Kyiv

i

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Publication date: 08.05.2024

Lawyer

Buying real estate is one of the biggest investments in most people's lives. Therefore, it is important to carefully check all documents and information about real estate to protect yourself from possible risks and legal problems. Verification of documents for registration of ownership is a critically important stage in the process of buying, selling, donating or bequeathing real estate. This procedure allows you to ensure the legal purity and security of the agreement, as well as to avoid possible legal conflicts in the future. In this article, we will look at the procedures for: property verification of ownership documents, check real estate, real estate ownership verification, property owner verification, check the encumbrance of real estate, and other important aspects to consider when purchasing real estate.


Ownership verification:
One of the most important checks is establishing the rightful owner of the property. To do this, it is necessary to obtain an extract from the State Register of Real Property Rights, which contains information about registered property rights, encumbrances and other information about the real estate object.


In addition, it is important to review documents that prove ownership, such as a sales contract, title deed, or court order. These documents must be original, contain all necessary details and signatures.


Check of encumbrances and restrictions:
When checking the documents, you should pay attention to the presence of any encumbrances or restrictions related to real estate. This may include mortgages, liens, liens, easements or other legal encumbrances.


The presence of encumbrances can significantly affect the owner's rights and opportunities to dispose of real estate, so they must be carefully analyzed and taken into account before making a purchase.


Verification of documents for compliance with legal requirements:
During the inspection, it is important to make sure that all documents related to real estate meet the requirements of current legislation. This applies, in particular, to the following aspects:


- Observance of procedures for state registration of property rights.
- Availability of necessary permits for construction or reconstruction (if necessary).
- Conformity of the real estate object to town planning norms and rules.
- Legal acquisition of ownership (absence of grounds for invalidating the agreement).


Check online:
In modern conditions, some checks can be carried out online using official registers and services. For example, on the official web portal of the Ministry of Justice of Ukraine, you can get an extract from the State Register of Real Property Rights.


However, it should be remembered that online verification does not replace a full-fledged legal analysis of documents and does not guarantee the absence of potential risks.


Involvement of professionals:
It is recommended to contact professional lawyers or notaries to carefully check the documents for registration of ownership and avoid possible risks.


Conclusion:
Verification of documents for registration of ownership is an important step before purchasing real estate. Careful analysis of documents, verification of ownership rights and encumbrances, as well as the involvement of professionals will help protect yourself from potential risks and make real estate investment safer and more profitable. Do not neglect this important step, because it can save you a lot of money and avoid legal problems in the future.

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