Legal Review Before Purchasing Property – Every Step with Confidence
Purchasing property is a significant decision, and proper legal support ensures the process is smooth and free of surprises.
Discover what the legal review includes, why having a lawyer is essential, and how we can assist you in making a safe transaction with no unpleasant surprises.
What Does a Legal Review Include?
- Ownership Verification: Confirming the property’s owners and their respective shares.
- Encumbrances: Identifying any mortgages, liens, or third-party claims.
- Title Clarity: Reviewing the sequence and registration of ownership deeds.
- Contracts and Regulations: Verifying recorded contracts and specific regulations.
- Errors in the Land Registry: Resolving issues such as incorrect property details.
If any encumbrances are identified during the review, we can help ensure their removal before the purchase. Awareness of such issues can also influence price negotiations.
Down Payment – What You Need to Know
The down payment is usually made through a private agreement, commonly referred to as an “earnest payment.”
Before Proceeding:
- A legal review of the property must already have been conducted.
- We review all necessary documents, especially if there are multiple sellers.
- It’s important to note that this private agreement doesn’t offer full legal protection, as it is considered invalid under the law. For greater security, we recommend signing a notarial preliminary agreement if a down payment is involved.
Terms in the Private Agreement:
The agreement includes details about the property, price, and other essential terms. Our team ensures everything is drafted accurately to protect your interests.
Before Signing the Final Contract
The seller gathers the required documents, and we conduct a final legal review for any changes. After signing, we ensure the contract is promptly submitted to the Land Registry or Cadastre.
On the Signing Day
Your lawyer’s presence is crucial to ensure everything is executed correctly. We review the contract and oversee the process, guaranteeing the transaction is completed with absolute security.
Special Considerations – What Else You Should Know
- Building Identity Certificate: This is mandatory for the purchase. Delays may occur if there are missing surveys or discrepancies in square footage.
- Loan Financing: If you require a bank loan, we review the property titles and work with the bank to facilitate disbursement.
- Pre-Notation of Mortgage: We handle any issues involving pre-notations or existing debts.
- Leased Property: If you’re purchasing a leased property, it’s advisable to consult with our law firm to avoid any unexpected issues.
Why Choose Us?
Our law firm, with extensive experience in real estate, a proven track record in demanding sales contracts, and client representation in lease agreements (residential or commercial), ensures a structured approach to all matters with professionalism, responsibility, and diligence.
If you are looking for a lawyer to represent you in a sale contract or lease agreement, don’t hesitate to contact us at (+30 210 62 00993) or via email at secretary@mineopouloslaw.gr to arrange an in-person or online consultation.
