Real estates lawyer Bulgaria

Our professional property lawyers team and assist the customer through the whole purchase or sale procedure from real estates lawyer Bulgaria.

Our Bulgarian lawyers, even they are real estate company’s lawyers guarantee and makes you sure that the transaction is legal,

The seller or the buyer understand each legal action

He works with purchasers, buyers and sellers of apartments, houses, plots of land, agricultural land, mortgages, bank loans, loan applications, tenants.

We advise always to use a property lawyer services because the past two years a lot of problems occurred with the real estates properties in Bulgaria.

Before it was believed that the real estate agent was enough to assist you.

+LEGAL CHECK OF DOCUMENTSReal estates lawyer Bulgaria

If you are a seller in a real estate transaction, our law firm can offer full legal services, including the following:

– we prepare a project and coordinate amendments to the text of a preliminary contract for sale and purchase of real estate;

– we inspect, advise and assist you in obtaining the necessary documents for the sale, including, but not limited to:

  • a certificate of tax assessment of the property;
  • certificate of marital status;
  • certificate of marital regime;
  • certificate of presence/absence of material encumbrances;
  • previous property acts;
  • cadastral scheme of the property by the GCCA, and others;
  • Filing a corrective declaration under Article 14 of the LTFA;

– we perform a check on the buyer – their representative power, availability of information about court cases against them, and other relevant information;

– we prepare and make amendments (if needed) to the draft title deed, assist our clients before the notary public and accompany the client on the day of the transaction;

– we assist our clients in obtaining possession of the property, including the preparation of a acceptance and delivery certificate, if such is needed and agreed;

– we coordinate the communication with the lending bank, if the buyer is going to use a loan for the purchase, we monitor the issuance of a letter of engagement;

– we cooperate, if the sale price will be paid through a trust account contract/escrow account;

In addition, although we are not financial advisers, we can provide you with guidance on the approximate real market price of the property, which you can receive from eventual sale.

We can represent you as a client in property issue throughout the whole process

If necessary, we can sign the new notarial deed on your behalf as seller and deliver possession of the property to your buyer.

We also offer legal assistance in solving problems related to the Cadaster and Property Register Act, problems with property boundaries, unresolved regulatory bills, precise registration of apartments, houses and plots in the schemes issued by GCCA, as well as with the preparation and supply of all the necessary documentation.

Should you have any questions or need information on the above legal services, please

Real estates lawyer Bulgaria

But the Bulgarian property lawyer is the attorney who will be useful in practically all cases, including any legal stops in Bulgaria, contract negotiations and mortgages.

Some of the purchase contracts are standardized, others have ambiguous terms

In that case you need a property lawyer who is profound into the Bulgarian property legislation.

Our legal services include legal activities in following activities like: 

  1. Legal representation during sale and purchase of real property;
  2. Provision of any documents required for the purposes of legally confirming property status;
  3. Obtaining a certificate for entries, recordations or deletions;
  4. Performing checks within the archive records at the Registry Agency
  5. Legal check for the choosen property – a legal entity and clarifying circumstances that are vital for the transfer of the real property,
  6. lawsuits against the seller, which may affect the property.
  7. Drafting, preparation, signing, termination, and rescission of contracts for purchase and sale of real estate.

Preparation of notary notices for cancellation of preliminary contract for the sale of real estate.

Full legal assistance and representation in court during court cases for a refund of paid deposit as per a signed preliminary contract.Real estates lawyer Bulgaria

Legal representation by real property lawyer during legal proceedings under Article 19 of Contracts and Obligations Act for the announcement of a preliminary contract as final.

Full representation of a seller or a buyer during the signing of a title deed and the related procedure of declaring the property at the local municipality.

Legal representation during court proceedings for property aqusition.

Valuation of real estate properties by a competent licensed appraiser and obtaining the relevant valuation within a period of up to few days.

Our work for investor clients is at the heart of our real estate lawyers group.

We are committed to all aspects of the real estate law and we are able to service all requirements of our real estate investor clients. Real estates lawyer Bulgaria

Our experience includes not only the preparation of straightforward sales, purchases and leases but also the preparation of most complex deals

Legal advice on the structuring and financing of such deals.

Our real estate lawyers work in close cooperation with our tax law experts in order to provide you with a working solution that is to meet all your requirements and to cover all aspects of your deal.Real estates lawyer Bulgaria

In particular, our work in this area includes:

  • Preparation of due diligence reports related to prospective purchases or leases of real estates;
  • Preparation of sale agreements;
  • Preparation of short or long term lease agreements;
  • Advice on the organization of the design and construction processes;
  • Preparation of construction agreements;
  • Preparation of design agreements;
  • Review and preparation of agreements with supervision companies;
  • Organization and preparation of deals that require an escrow payment;
  • Provision of tax advice on all aspects of the real estate deals.

Purchase of property Bulgaria

Thorough area research and companies contracted lawyers is highly recommended to the process of purchase of property Bulgaria.

Examine a range of properties suggested by different agents, compare prices and ensure you are paying a fair price.

Extreme caution is advised. Do not rely on estate agents, promoters or lawyers, who advise you to cut corners in order to save time and/or money.

Bulgarian property works much differently than property law in BulgariaPurchase of property Bulgaria

Seek independent legal advice

Many property owners are now having legal trouble, since they failed to look for independent legal advice

Engage a lawyer experienced in property transactions, who is not in any way related to other parties in the transaction.

If you are using a Bulgarian-based lawyer, make sure that lawyer has a registration with the Bulgarian Bar Association.

By the purchase of property Bulgaria there are no requirements for liability insurance for your Bulgaria-based lawyer.

Avoid signing any papers or paying any fees before you’ve consulted with an independent legal professional.

For all types of real estate transactions, we offer full legal assistance, from the initiation of the respective procedure to the conclusion of the final contract in the form of a title deed.

We take part and negotiate on behalf of the client with the other party and with any third parties.

 We prepare the texts of preliminary contracts and title deeds.

Based on an explicit authorization by a client, who is currently abroad or is not able to participate in the transaction in person due to other obstacles, we are able to act during the conclusion of the transaction.

For performing a sale and purchase of a property, you should review the entire history of the property for any vicious previous transactions made with it, as well as perform a check for any existing real estate encumbrances over the property.

Every buyer is at risk of buying property with a burden attached to it, or having the transaction declared invalid because of a vicious previous transaction with the property, if these checks are not carried out.

If you are a seller, one of the biggest threats to your rights is to sign the deed of sale, but not to receive the agreed purchase price, or e.g. to assume responsibility for penalties without knowing that there is a statement of claim filed against you.

If the parties have not established trust between themselves, it is advisable to consider a reasonable mechanism for making the payment for the sale of the property, including by using the trust account of the notary, who will execute the transaction.Purchase of property Bulgaria

Off-plan developments

  1. Off-plan developments in Bulgaria are properties, for which no Permit to Use (Act Form 16) have been issued.
  2. The regulated stages of an off-plan development are set forth in the laws and regulatory documents. A non-exhaustive list of documents follows below:
  3. Planning permission – this authorizes developer to draft architectural designs and construction plans for development;
  4. Construction permit – it entitles the developer to start the construction according to the approved architectural, construction technical plans
  5. Opening the construction site and designating the construction line and level (Statement for Start of Construction)
  6. Certificate for completion and approval of shell-and-core construction (Act Form 14)
  7. Certificate acknowledging the compliance of the construction with the statutory rules (Act Form 15)
  8. Permit to Use (Act Form 16)
  9. Buying an off-plan development without Construction Permit is not advisable.

Typical transaction for buying off-plan developments involves two stages:

A/ signing of a preliminary agreement

B/ signing of a title deed in the presence of a Bulgarian Notary

The transfer of property is completed with the signing of the Notary Deed.

It is advised that the payment for purchase of off-plan property shall be made in installments,

All installments shall be paid after the completion of the relevant development stage and obtaining the statutory certification document.

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