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Publication date: 19.05.2024
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Property inspection before purchase
Inspection of real estate before purchase is an important stage that allows you to avoid legal problems, financial losses and other troubles. In Ukraine, a real estate inspection includes several key aspects that must be taken into account.
The main stages of real estate inspection
1. Verification of the legal status of real estate
Ownership: Check if the seller is the legal owner of the property. To do this, you should obtain an extract from the State Register of Real Property Rights.
Encumbrances and Restrictions: Check the property for encumbrances (mortgages, foreclosures, foreclosures) and other restrictions. This can also be done through an extract from the State Register of Property Rights.
Litigation: Find out if the property is subject to litigation. This can be checked in the Unified State Register of Court Decisions.
2. Verification of documents
Ownership documents: original title documents (purchase agreement, donation agreement, inheritance certificate, etc.).
Technical documentation: building passport, apartment or house technical passport, plans and schemes.
Documents from BTI: extract from the register of ownership rights to real estate from the Bureau of Technical Inventory (BTI).
3. Verification of the seller
Identity of the seller: check the passport details of the seller, his registration and the validity of the documents.
Seller's legal capacity: Make sure the seller is of legal age and legal capacity. If the seller is a legal entity, check its registration documents and the authority of the representative signing the contract.
4. Checking the real estate history
Ownership History: Check the property's previous owners and ownership history. This can be done through an extract from the State Register of Rights to Real Estate.
Reconstructions and redevelopments: check whether reconstructions or redevelopments have been carried out and whether they have been legalized.
5. Technical condition of real estate
Building inspection: carry out a technical inspection of the property, involving specialists (structural engineers, appraisers) who can identify possible problems (need for repairs, hidden defects, etc.).
Communications: check the state of communications (electricity, water supply, sewage, heating).
6. Financial aspects
Arrears: Check for utility arrears. This can be done through requests to the relevant services (water supply, energy companies, etc.).
Appraisal: Get an independent appraiser to determine the market value of the property.
Steps to perform a check
1. Appeal to the notary
The notary can provide an extract from the State Register of Real Property Rights and other necessary information.
2. Consultation with a lawyer
A lawyer will help check the legal status of the real estate, the seller's documents, the presence of encumbrances and litigation.
3.Requests to government bodies
Make requests to the State Register of Real Property Rights, the Unified State Register of Court Decisions, BTI and other relevant bodies.
4. Carrying out a technical inspection
Engage construction experts for a technical inspection of the property.
Conclusion
Pre-purchase real estate inspection is a comprehensive procedure that includes legal, technical and financial analysis. Taking all the necessary steps will help you avoid risks and ensure a safe and successful real estate purchase. Contacting professional lawyers and appraisers can greatly simplify the process and ensure that your interests are protected.
