Land, Property and Asset Law

Purchase of property should not take place without checking the property titles and local regulations.

In real estate the general rule is that the law of location of the property will apply to the buying, selling, financing, mortgage or liens on the property.

Property law and in particular transfer of property differs from country to country and one may be surprised of the unpleasant consequences in case of absence of the right legal support.

Unfortunately interested buyers of property do not always make the right reflex in having the property titles and features (asbestos, sanity) checked and requesting legal assistance prior to the transfer of the purchase money. 

While in most EU countries the notary will play a crucial role, the transfer of property in other countries (for example in Turkey, South Africa, Brazil, Bulgaria, Romania and so on) is not secured in the same way and parallel procedures need to be complied with in order to transfer the money and the title of property simultaneously.

Local regulations on foreign ownership may also need particular attention as well as corporate, tax and banking regulations on investment and foreign exchange to be complied with to reassure the reflow of the invested money in case of sale or assignment of property or in view of inheritance or donation.

Ownership of and investment in property abroad might also be considered in the perspective of intended immigration on the short or long term and the related residency (residence by investment or citizenship by investment) legislation.

The interrelated areas of law to real estate, building and construction are as important and the in-house knowledge of same within the A-LAW team, which has proven its added value to our customers.