Documents transfer of property
Our clients choose us because they know we understand their objectives and offer them legal support by getting the documents transfer of property.
We regularly handle transactions for the world’s leading investment banks, private equity funds, hedge funds, pension funds, REITs and sovereign wealth funds.
Increasingly they are cross border, highly structured and involve sophisticated financing arrangements.
We support our clients in their most important real estate projects on an international basis.
1. Property title documents transfer of property
Most frequent documents of ownership:
• Title Deed, registered with the Registry Agency – title deed for purchase and sale, title deed for donation, title deed for exchange, notarized statement of ascertainment;
• Sales Agreement executed under the Ordinance on State-Owned Properties;
• Sales Agreement, executed under the Municipal Property Act and the State-Owned Public or Municipal Real Estate Act.
2. Property Tax Evaluation Certificate – issued by the local tax office at the property domicile.
The Property Tax Evaluation Certificate has to contain an address identical to the address of the property as per the title deed.
Property co-owners may not have any outstanding debts concerning the property, which shall be indicated in the Property Tax Evaluation Certificate.
3. Certificate of Marital Status of the seller(s), indicating the marital status of all owners as of the date of acquisition of the property.
4. Marriage Certificate of the seller, if applicable.
5. This property is not acquired as marital property, it shall not be considered matrimonial property community;
6. The property has any real rights registered, in order to execute the sale transaction, the user shall abandon all the real rights, established in their favour.
The waiver has to be signed in the presence of a Notary Public and shall be registered with the Notary Public’s file.
7. In case the property is subject to partition – the document in question (contract, ruling), registered with the Registry Agency.
8. Plan of the plot, in case of transfer of land (land plot, yard or part of yard, where the property/apartment is built).
9. In case the property has been received as inheritance
11. Specific cases require different documents, which follow the property history and proves the title of ownership.
12. Certificate of Burdens for the property – to be issued by the Registry Agency
13. In case the seller is unable to perform the transaction personally, he needs to appoint another person with a Power of Attorney.
This Power of Attorney shall be notarized, and both the signatures affixed and the content of this Power of Attorney shall be certified.
14.A declaration under article 25, paragraph 7 of the Notaries and Notary Practices Acts and a declaration under article 264, paragraph 1 Tax Code
15. An identity document, which confirms the identity of both the buyer and the seller
16. In case the transaction refers to transferring developed buildings – the respective documents issued by the builder/investor
17. Other documents, according to the specifics of the transaction.
Due to the diversity of documents possible, we recommend that the documents under this transaction be checked by a lawyer.