Property Transactions and Legal Due Diligence

Prepared by: Constantinople

First check whether the seller truly owns the property and the extent of the right sold. Full ownership, a share and an independent unit have different consequences. Differences such as selling a land share while showing an apartment require matching the marketed premises to the official entry. An old title copy alone does not show the current position on transaction day.

Then assess mortgages, attachments, interim injunctions, annotations and other restrictions. Their underlying right and effect on the planned transfer matter as much as their existence. Not every entry affects sale identically. If a debt is said to be paid, determine separately how this will appear in the register and when cancellation will be completed.

The signatory's authority is part of the file too. For a representative, company signatory or several co-owners, identity, authority documents and other necessary procedures must align. For foreign individuals, acquisition restrictions depending on nationality, the property's nature and location are investigated separately.

For the initial review, prepare block, parcel and any independent-unit details, the existing title copy, draft agreement and seller correspondence together. We compare the entry with transaction documents to identify gaps requiring clarification before signature or payment. Title review does not remove the need to examine municipal and building files separately.