Acquisition of real estate
The sale and purchase of real estate property (in case of a private property ownership or a long-term land lease) requires a purchase contract and a notarial transfer deed. A title investigation should also be conducted before the civil law notary. The purpose of such search is to verify in whose name the real estate is registered, who is empowered to dispose of it and to verify whether the real estate is encumbered with a mortgage or attachments.
The acquisition of real estate property can be concluded both orally and in writing. As long as the deed of transfer has not been executed before a civil law notary, the agreement will be subject to nullification in the interest of both parties.