jinx57 wrote:careful not to fall foul of buying what you think is regulated land at a good price only to find that over half the land you have purchased is un-regulated and the folk you bought it from haven't the funds to pay for you to put the rest of it into regulation ...........
apart from the Skitza and notary deeds are there any other documents that I should be interested in from the seller ?
gimlet wrote:apart from the Skitza and notary deeds are there any other documents that I should be interested in from the seller ?
Well, your lawyers should guide you on this. Pin him or her down. It seems to me that you might need to see the following (not an exclusive list and not in any particular order):-
Description of nature of real interests to be bought (e.g. land, building, other rights)
Certificate of previous owner's marriage/divorce (to reveal any community property issues)
Partition Protocol if the land holding results from an agreed split between former co-owners.
Certificate that the property is not municipal
Certificate of heirs
Waiver of rights of pre-emption by any co-owners of inherited shares
Building permit with approved architectural plan.
Certificate of Incumbrances
Evidence of Payment of Outgoings
Arrangements to take possession (without this you might have to wait for any occupier to die even if you have paid and are the owner)
Details of any tenancies, including rights of renewal.
Really just all the sort of stuff you would expect under a land law system such as the Bulgarian one!!
Remember there is no state guarantee of ownership in Bulgaria. Your only guarantee is the right to take an expensive Civil action against anyone who challenges your right to ownership/possession.
The law states that the costs of a contract should be shared by seller and buyer (Art 186 Law on Obligations and Contracts). There is disagreement as to whether this can be varied.
There is no way all of the documents to be gathered for one sale/purchase
Description of nature of real interests to be bought (e.g. land, building, other rights) – this only applies if you are buying municipal building/land it's impossible for a physical person to make such!
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