Features when buying a property

Features when buying a property

    Upon entering into a contract for the sale and purchase of real estate under the law, you automatically become the owner if the property belonged to the seller. In the event that the property was not fully owned by you, you may find yourself a buyer of a property that does not really belong to the seller, which in turn will mean that you will not own the property. To ensure yourself, it might be a good idea to: - Check in the Property Register kept by the Registry Agency that the seller of the property is its owner; - Check whether the seller has acquired the property in co-ownership (inheritance or during marriage); The important thing is to know that the property you are buying may be co-owned, but the data is missing. This means that there is no full guarantee. - Check with the seller, if he is a legal entity, whether he has started bankruptcy proceedings or has not been declared bankrupt; The notary is obliged to understand whether the seller has ownership of the property he is selling. In case you are selling a foreign property, it must be authorized. When the notary does not make these checks, he / she is liable. No one can fully guarantee that the person who is the owner of the title deed is actually such. But the likelihood is that it will increase significantly if it can present a notary deed entered in the Property Register, by which it acquired the ownership right more than five years ago. Also, the seller has owned the property personally or through his relatives, friends, tenants over the last ten years.