Real Estate Sale: 5 Risks You Need to Know Before Signing a Contract

Buying or selling an apartment, house, or land plot is a major financial transaction where even minor oversight or legal ambiguity can lead to the loss of property or funds.

What are the most common legal risks?

• Encumbrances on the Property (Seizure, Mortgage, Lease)

  Before concluding a transaction, it is necessary to obtain a unified statement from the Cadastre Committee regarding existing encumbrances. However, keep in mind that certain rights (such as third-party residence rights or unrecorded leases) may not be reflected in the statement.

• Lack of Third-Party Consent

  If the property was acquired during marriage, it is considered joint property. A transaction conducted without the spouse's consent may later be declared invalid by a court.

• Risks of Purchasing Real Estate from a Developer (Right to Purchase)

  When buying an apartment in an unfinished building, it is crucial to examine the developer's financial stability, construction permits, and the availability of special accounts.

• Funds Transfer and Delivery-Acceptance Procedure

  The contract must clearly define the payment terms, payment method, and exact deadlines for the vacation and physical handover of the property.

• Designated Purpose of Land Plots

  When buying a land plot, make sure its designated purpose (e.g., residential, agricultural) aligns with your intended use; otherwise, you will not be able to carry out legal construction.

Legal C’s Advice: Before notarization or signing the contract, consult an attorney to conduct a full legal audit (Due Diligence) of the transaction.