Posts

How to Protect Ourselves Against Illegal Actions of the Lessor?

Illegal actions of a Lessor

Illegal actions of a Lessor

What about illegal actions of the lessor? In lots of cases when there is a lease purchase agreement for a vehicle, in a certain time the lessee stops paying. For this reason, the most common guarantee for collection of these contributions is a promissory note. It is being signed between the lessor and lessee. With its help, the lessor is secured with a relatively easy and fast collection of outstanding receivables. But how the lessee can protect himself/herself against issuance of a promissory note of a non-existent debt? Our competent lease agreement lawyer will help you in this unpleasant situation.

First, you should know that there is a possibility the promissory note to be based on non-existent debt. If it is proved, then your obligation to pay the amount due under the promissory note gets invalid. If you find yourself in this situation, seek help from a lease agreement lawyer.

A competent lease agreement lawyer will emphasize you on the exact moment when you have to exercise your rights of defense. This moment is receiving the invitation for voluntary enforcement (voluntary compliance). That document should contain the date when you receive it. Another detail is the person who had received it and the signature of that person. If the invitation is not received by you yourself but by your husband/wife/mother/father, etc., this information is to be entered in the invitation for voluntary enforcement, too.

Why is this information so important?

This information is very important because you can exercise your protection right by filling an objection to the District Court issued an enforcement warrant within 14 days of receiving the notice of voluntary enforcement (voluntary compliance). If you miss this deadline, your right to dispute the enforcement order lapses. The best advice we can give you is the following: once you have received a formal notice, do seek for a help from an experienced lease agreement lawyer. In our office you will have the unique opportunity to work with some of the best lawyers in this field.

Lease agreement lawyer from International Law Office D.Vladimirov & Partners will explain that the lessor may contest the validity in two ways – either, by contesting the grounds on which the promissory note is based on, or by contesting the amount of the debt, in the 14-days deadline from receipt of invitation for voluntary enforcement (voluntary compliance). If you meet the deadline for filling objections and submit it to the district court, the creditor has got the right to bring an application to demonstrate the existence of his claim. In judicial proceedings must be established whether the amounts that creditor claims are legally charged and whether he is entitled to them.

As a Final

If a competent lease agreement lawyer proves that accrued penalty lease prejudices moral, it will be declared as null and void. The penalty prejudices moral when its amount is greater than the amount due, as this leads to unfounded enrichment of the lessor. This means it does not have any legal effect. Therefore, you will not be obliged to pay this penalty equal to the outstanding lease payments over the remaining term of the contract, as lessor has rescinded lease and has received back the vehicle. Equally irrelevant is the fact that you have been issued a promissory note in favor of the lessor for a specific amount. In order to eliminate this obligation to pay, do not miss the deadline for filing objections.

Before you sign a lease, you need to be preliminary well-informed. Do consult our specialist  who will help you make this decision consciously and confidently.

 

Property Lawyer in Bulgaria

Every Bulgarian property lawyer will inform you for all the necessary legal steps for purchasing a property in Bulgaria. Working as a trustworthy property lawyers in our country, we would like to advise you on preparation of the legal documents needed.

The most popular ways for becoming real estate owners in Bulgaria are as following:

  • Buying a flat or limited ownership rights (the right of use, right to build a house, etc.). You can directly purchase them as a physical person or as a legal company.
  • Buying a real estate with land – houses, villas, plots and others. Foreigners must set up Bulgarian companies so that they will become owners of the properties. Setting up a private company in Bulgaria is very easy and fast. Our firm will be able to help you immediately.

Acting as property lawyers in Bulgaria, we are preparing all the documents necessary and all the legal steps which Bulgarian Constitution requires. Our property lawyers will support you legally by getting the decision for purchase of property in Bulgaria.

When deciding to buy your own home in Bulgaria, you will have to find a property lawyer. He/she will protect you and will support you during the procedure. We are always on your services to guide you at every stage of your purchase.

Step by Step…

There is a number of very important legal steps you must carefully follow during the property purchase proceedings in Bulgaria.  When you choose the property, you will need a property expert advice for the valuation of the land or house. Our property lawyers in Bulgaria will advise you for all legal conditions regarding the property.

We are checking every single plot or house before every deal in order to avoid any surprises or unexpected information. Our legal advisors & property lawyers in Bulgaria make all necessary checks in detail on all aspects of the property and surrounding land.

As property lawyers, we will give you the entire legal information concerning your plot or property, if you decide to buy it by the help of our property lawyers in Bulgaria. A simple advice to our clients: we cannot complete your property transaction before  getting all the documents necessary for it. We also need detailed information about your property before the deal itself.

Once you choose your property in Bulgaria, we are starting to prepare the Preliminary Contracts. We start with preparing the declarations and documents such as a tax evaluation documents, schedule of the plot and certificates for lack of encumbrances over the property. When we have checked all documents, we are ready to go on with  drafting the Notary Deed. Then, we keep on with the transfer.

Property lawyer in Bulgaria

We support our clients finding property in Bulgaria with our property lawyers. Our clients can see the property suggestions from the Black Sea Coast to the Balkan Mountains.

Our clients can choose a rural property or luxuries villas in the mountain. We just support them in their choice and prepare all the paperwork necessary. If you choose a property in Bulgaria, you just need to call us. You have to make a reservation for the next legal steps of checking over the ownership of this property in Bulgaria.

Property lawyer – Sunny Beach

Choosing a holiday property in Sunny Beach is quite easy. Sunny Beach, as its name says, is a sunny place where many people spend their whole summer time in Bulgaria. If you’ve decided to buy a villa or a flat, we are ready to prepare all documents you need for your new property in Sunny Beach. A lot of apartments had being sold every year, and this kind of purchase of property in Bulgaria brings the owner hundreds of thousands euro. Also, new tourists and investors every single year. To buy a property in Sunny Beach, you need to find a good property lawyer. He/she will check the legacy before the transaction and transferring of the ownership.

Property lawyer – Sofia

The Bulgarian capital offers a huge numbers of  profitable properties for foreigners  and  investment demand.  The city of Sofia grows fast so buying a property in Sofia has been accepted as stable investment in Bulgaria. It is very easy to buy an apartment in Sofia, to rent it and/or to get small investments rate for your money. The only thing you have to do is to decide whether is a good idea to save money there. The property market in Sofia is well-developed. The value of property rises with every new investments in the country. Our property lawyers has got huge legal experience regarding properties in Sofia market.

Property lawyer – Varna

The city of Varna is situated in the North Black Sea Coast. It is close to the Gulf of Varna. Everyone who has already purchased a property in Varna knows how profitable and successful it is. There are some advantages of city of Varna – beaches, gardens and vineyards, groves and lakes. The properties in Varna are mostly country houses, luxuries villas…But some places are very slight. This is one of the reasons you need a professional property lawyer and real estates advisor in Varna.

Property lawyer – Pamporovo

Buying a property in Pamporovo is a good investment as this is one of the biggest Bulgarian winter resorts. Many developers has invested their money here and they have recaptured the sum two or three times. To buy a property in Pamporovo, you need to have got a full set of necessary documents to start the first initial negotiations for this region.

Property lawyer – Bansko

Bansko is one of the most famous winter ski resorts in Bulgaria. Lots of people has already bought a property there. The winter resort has been visited every year by many tourists and Ski Competition Committee. The World Cup of ski has been prepared and implemented in Bansko, and this made the winter resort even more attractive.

If you need to get more information about our property lawyer services, you can contact us.

Bulgarian Property Lawyer

Sell your property in Bulgaria

Selling your property in Bulgaria is not very easy, even if you have already find a buyer. That’s why you are in need of assistance. Look for a Bulgarian property lawyer!

If you have already bought a property in Bulgaria, you need to check up if this property had been registered in all the necessary authorities. And in the Municipality Office, too. Our law firm works as a professional Bulgarian property lawyer, as well. We support many foreigners who want to sell your real estate property in Bulgaria. Usually, if you have a good property, is quite easy to find buyers in Bulgaria. As property lawyers in Bulgaria, we could help you finding a buyer and getting a good price for you. It is very important to follow the legal advices of a property lawyer so that you will save money and precious time. Our experienced Bulgarian property lawyers will help you with the documents for the selling.

 

First Steps

Bulgarian property lawyer

Bulgarian property lawyer

Before you sell your property in Bulgaria, you should have all the documents necessary,as well as declarations needed for a sale – prepared in advance. We assume you will need  qualified property lawyers. This means, you need us.

Our property lawyers in Bulgaria are ready to assist you and protect your interests in selling your property in Bulgaria. You need just to call us or to send us an email. Then we will be ready to start the legal procedure.

Before starting every single deal, your lawyer is obliged to check for potential legal problems. He/she has to prepare all the documents necessary for the transfer of the ownership over this property. And so we do! We always check if there isn’t any property charges over your property you are trying to sell. For example, encumbrances, mortgages or pledges over your property by the Tax Office or by a third party.

Usually, when our buyer signs the preliminary contract, he/she needs to leave a deposit as a percentage of the sale price of the property in Bulgaria. When we help you finding a buyer, we require a simple power of attorney to represent you by conclusion of the preliminary contract for the purchase of the property with the buyers in Bulgaria.

Our qualified property lawyers will prepare the draft of Preliminary contract and will negotiate with the buyer concerning the transfer fees of your property. After receiving the written confirmation for all necessary legal conditions, we sign the preliminary contract for purchase on your behalf. Then we send you a copy of it. We are obliged to find buyer/-s and sell your property correctly.

When all the Documents are ready…

When all of the documents and declarations are done, our lawyers start preparing the Notary Deed for transferring the ownership over your property. You can trust us – we are specialized in property sales of foreign clients in Bulgaria. Each Bulgarian property lawyer will help you with the documentation and legal proceedings. Especially – International Law Office D. Vladimirov & Partners.

The next legal step to sell your property is to sign the Title Deed for the sale of your property. We will help you by representing you at the Notary Public in Bulgaria.

The last step to complete your sale is visiting the Tax Office of your municipality and remove your name of the property from the Tax Register, to avoid any future legal problems with it. We, as property lawyers in Bulgaria will highly recommend you using our legal services to complete all this legal issues & steps.

The mentioned property legal proceedings are just for your information, if you are trying to sell a real estate property in Bulgaria  Every single case has got its legal specifics & questions. We strongly recommend you to use a property lawyer in Bulgaria for legal transactions, in order to save your time, money and worries. Call us now on  + 359 2 858-10-25.

 

ТО BUY A PROPERTY IN BULGARIA 

Property lawyer

Property lawyer

Bulgaria is a member of the European Union since 2007. For аlmost 10 years the property market has changed in a very perspective and positive way. Bulgaria has got some advantages in the opportunity to serve foreign investors. Some of the advantages are as following:

  • Bulgaria has got the lowest taxes in Europe – 10% corporate tax and income tax.
  • Our country has got the cheapest labour.
  • The country has got a very fast rate of export increasing, despite the conditions of a global economic crisis in Russia and Turkey;
  • Bulgaria has got a fixed rate of the national currency.
  • The country has got a stable currency board.
  • There is an equality for every foreign investors to register a company in Bulgaria.
  • After joining in the EU, Bulgaria has got a modern legislation harmonized with the one of European Union.

We are property lawyers in Bulgaria acting like legal advisers of many individuals and legal entities. We would like to advise our clients and foreign investors as well.

Taxes

What about the taxes? The “tax estimation price” is for the purposes of real estate taxation. It usually is lower than the actual selling (purchase) price.

Most of the sellers of real estates in Bulgaria wish to sell their property on a “tax estimation price”. Everybody knows that the price is very low and the buyers has got no guarantee they will get the whole sum in the end, either. The difference is concerning the tax issue on the sale – because the sale price needs to be covered by the taxes, and the seller don’t want to pay those taxes. Sometimes sellers prefer to keep the real price, if the property is owned by several owners. Practically, the last ones are not aware of that kind of legal issues.

If you have any legal questions if you would like to buy a property in Bulgaria, or would like to know something else, do contact us. Our laywers will help you in the best way.

Legal services to import & export in/from Bulgaria

Our legal team from corporate & company lawyers in Bulgaria works on the emerging market economy in Bulgaria. The country is a major exporter of industrial commodities. Also, it exports agricultural and food products. Bulgaria is a land with a huge growth of outsourcing industry in the last couple of years. Our legal practice shows that our trade partners are the neighboring countries, as well as other Western European ones. Bulgaria is a member of the World Trade Organisation. Trade liberalization and compliance with the applicable international trade rules are the hallmarks of the country’s trade policy.

Our activity is focused on the company formation and supporting companies in their export and import business in Bulgaria. Due to Bulgaria’s geophysical characteristics, the country produces numerous agricultural products and foodstuffs. The mountainous parts of the country are a natural source for ores and minerals, including: coal, copper, lead, zinc, bauxite and timber.

Legal advices to imports & exports in/from Bulgaria

import & export in Bulgaria

We always inform our clients that Bulgaria’s main exports are domestic goods, petroleum and petroleum products, packaged medicinal products, chemicals, machinery, wheat and wheat-by-products and so on. Bulgaria is a major coal producer in Europe. We produce essential oils, lavender and rose oil. The main export partners of Bulgaria are Germany, Netherlands, Switzerland, Italy, Romania, Belgium, Turkey and Greece. Our partners (countries) imports mineral products, machinery, vehicles, rubber and plastics, textiles and various chemical products. The country’s main import partners are: Russia, Germany, China, Italy, Romania, and Greece. Our legal team of company & corporate lawyers in Bulgaria can help you with the relevant EORI and VAT registration.

Legal support for your current/future business

Our law office supports the clients and foreign investors in Bulgaria before the National Customs Agency of the Republic of Bulgaria. Our clients need legal advices from us, as company & corporate lawyers in Bulgaria. The National Customs Agency is under the supervision of the Minister of Finance, and its structure includes the Central Customs Directorate, as well as eleven customs centers. They are in: Sofia Airport, Metropolitan, Burgas, Varna, Vidin, Plovdiv, Svilengrad, Svishtov, Ruse and South-Western centers.

The National Customs Agency defines the legal framework, creates customs laws and deals with other customs-related issues. Since 2007 the country has been obliged to apply all European directives referring to general customs rules and international customs cooperation. Our legal support as company & corporate lawyers in Bulgaria gets the clients claims against the Bulgarian authorities and support them in the courts.

One of our legal law activities is to give advices to our clients no matter what the problem is. Special permits and licenses may be required to perform certain trade activities in Bulgaria. Our Bulgarian lawyers can help you with detailed information regarding the applicable legislation for different types of imported and exported products. If you need more information, please contact our legal team of company & corporate lawyers in Bulgaria. If you would like to know more about the legislation for foreign investments, call us on + 359 2 858 10 25 or send us an e-mail to info@lawyer-bulgaria.bg.