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List of Required Documents for Selling Real Estate – Part 2

In the previous article we have pointed at the three main documents which selling real estate would be impossible without. They are as follows: a document certifying your rights of ownership, certificate of a property tax assessment and a certificate of marital status of the owner(s). Here you will find more useful information to facilitate the preparation of the necessary documents with. However, remember that you can always rely on legal help and support of our real estate lawyers. International Law Office D. Vladimirov and Partners is one of the most reputable law firms in Bulgaria. We are proud of our team of professionals, each member of which is a competent real estate lawyer devoted entirely to the work by helping society.

Lease Agreement Lawyer

Lease Agreement Lawyer

Here are the other documents which are of great importance for selling real estate:

  1. Marriage Certificate, in the case that the seller – the owner of the property – is married. The certificate is to be provided only in person to the one who had declared its issuance.
  1. In the event that the property is not acquired during the marriage, it is not MPC (Matrimonial Property Community). This means that the spouse is the only owner of the property. Note that if the property is the registered with the other spouse’s address, there is a need of filling in declaration, under Article 26 of the Family Code. The same rule applies to property acquired by inheritance, donation or through other legal means that do not represent MPC.

  1. If the property has got established right for use, to sell it, the user must abandon the real right settled in his favor. The refusal shall be carried out with a declaration on the waiver of use. The declaration is to be signed in front of a notary and entered into the Registry Office.
  2. In the event that over the property had been carried out a partition, the document necessary can be either an agreement or judgment duly entered into the Registry Agency.

What else…

  1. Property sketch, when transferring a land (land, yard or part of the yard built on the property/apartment). It is issued by the technical service of the region at the municipality where the real estate is located in. It is valid for 6 months from the date of issue.
  2. Certificate of Inheritance or Death Certificate of the ancestor.
  3. If the owner(s) of the property is divorced, the court judgment for the dissolution of the marriage in divorce has to be presented.
  4. In special cases, additional documents are required for tracing the history of the property, in order to firmly and clearly proving ownership.

Selling Real Estate – other documents

  1. Encumbrances Certificate of the property – issued by the Registry Agency, applies to all documents of ownership in heritage, as well as certificates of inheritance. If the property includes land or parts of the land, a sketch of the property also must be applied. If the sale of real estate is regulated by the cadastral map, the sketch /scheme is issued by GCCA*

*Geodesy, Cartography and Cadastre Agency. If the property is located in a city which is not regulated by the cadastral map, then sketch is issued by the technical service at the municipality.

  1. When the seller physically is not able personally to present the transaction for the sale, he/she is entitled to authorise a third party. That can be done by a notarised by him/her Power of Attorney. That document explicitly describes the representative rights which the principal gives the authorised person. The Power of Attorney must enclose a notarised declaration under Art. 25, paragraph 7 of the Notaries and Notarial Practice Act (NNPA), and a declaration under Art. 264, paragraph 1 of the Tax-Insurance Procedure Code (TIPC). This person may be your real estate lawyer.
  1. Identity document, other documents individualizing the buyer and the seller.
  1. In case of a sale of real estate in a newly constructed building, relevant documents from the builder/investor as: building permit, architectural design and distribution areas, Permission for use – Act Form 16 and others must be submitted.
  1. Other documents depending on the specific features of the transaction of sale. Considering the variety of documents, it is recommended that they be duly verified by the real estate lawyer. He or she has to be a specialist in the field of buying and selling real estate.

List of Required Documents for Selling Real Estate – Part 2

In the previous article we have pointed at the three main documents which selling real estate would be impossible without. They are as follows: a document certifying your rights of ownership, certificate of a property tax assessment and a certificate of marital status of the owner(s). Here you will find more useful information to facilitate the preparation of the necessary documents with. However, remember that you can always rely on legal help and support of our real estate lawyers. International Law Office D. Vladimirov and Partners is one of the most reputable law firms in Bulgaria. We are proud of our team of professionals, each member of which is a competent real estate lawyer devoted entirely to the work by helping society.

Lease Agreement Lawyer

Lease Agreement Lawyer

Here are the other documents which are of great importance for selling real estate:

  1. Marriage Certificate, in the case that the seller – the owner of the property – is married. The certificate is to be provided only in person to the one who had declared its issuance.
  1. In the event that the property is not acquired during the marriage, it is not MPC (Matrimonial Property Community). This means that the spouse is the only owner of the property. Note that if the property is the registered with the other spouse’s address, there is a need of filling in declaration, under Article 26 of the Family Code. The same rule applies to property acquired by inheritance, donation or through other legal means that do not represent MPC.
  1. If the property has got established right for use, to sell it, the user must abandon the real right settled in his favor. The refusal shall be carried out with a declaration on the waiver of use. The declaration is to be signed in front of a notary and entered into the Registry Office.
  2. In the event that over the property had been carried out a partition, the document necessary can be either an agreement or judgment duly entered into the Registry Agency.

What else…

  1. Property sketch, when transferring a land (land, yard or part of the yard built on the property/apartment). It is issued by the technical service of the region at the municipality where the real estate is located in. It is valid for 6 months from the date of issue.
  2. Certificate of Inheritance or Death Certificate of the ancestor.
  3. If the owner(s) of the property is divorced, the court judgment for the dissolution of the marriage in divorce has to be presented.
  4. In special cases, additional documents are required for tracing the history of the property, in order to firmly and clearly proving ownership.

Selling Real Estate – other documents

  1. Encumbrances Certificate of the property – issued by the Registry Agency, applies to all documents of ownership in heritage, as well as certificates of inheritance. If the property includes land or parts of the land, a sketch of the property also must be applied. If the sale of real estate is regulated by the cadastral map, the sketch /scheme is issued by GCCA*

*Geodesy, Cartography and Cadastre Agency. If the property is located in a city which is not regulated by the cadastral map, then sketch is issued by the technical service at the municipality.

  1. When the seller physically is not able personally to present the transaction for the sale, he/she is entitled to authorise a third party. That can be done by a notarised by him/her Power of Attorney. That document explicitly describes the representative rights which the principal gives the authorised person. The Power of Attorney must enclose a notarised declaration under Art. 25, paragraph 7 of the Notaries and Notarial Practice Act (NNPA), and a declaration under Art. 264, paragraph 1 of the Tax-Insurance Procedure Code (TIPC). This person may be your real estate lawyer.
  1. Identity document, other documents individualizing the buyer and the seller.
  1. In case of a sale of real estate in a newly constructed building, relevant documents from the builder/investor as: building permit, architectural design and distribution areas, Permission for use – Act Form 16 and others must be submitted.
  1. Other documents depending on the specific features of the transaction of sale. Considering the variety of documents, it is recommended that they be duly verified by the real estate lawyer. He or she has to be a specialist in the field of buying and selling real estate.

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.