Verification of title
Agency: Land Registry
The buyer should request from the Land Register website an updated extract from the relevant folio of the Land Registry, which allows the buyer to verify the title of the real estate and the legal rights attached to it. Any credit or debit card holder can obtain information on any real estate registered in the Land Register.
Time and cost: Less than one day (online), EUR 5
- EUR 2.52 for non-attested paper copy
- EUR 6.20 for attested paper copy
- EUR 5.00 for a electronic (PDF) version
- EUR 7.11 for paper copy
Municipality’s first refusal rights
Agency: Municipality
The parties submit the signed real estate sales agreement to the municipality for a decision on its first refusal rights. If the municipality does not need the property for municipal functions set by law, the municipality must issue a statement waiving the right of first refusal within 5 business days from receiving the purchase agreement or a copy. When it is necessary for the municipality to perform its self-government functions on the real estate, it must prepare a statement waiving the right of first refusal within 20 days from receiving the purchase agreement or a copy. The buyer cannot register title to the real estate with the Land Registry without waiting for expiry of the entire term as set out above. If the municipality does not take a decision within these 20 business days, the title can be transferred to the buyer after passing of 27 days from the day the municipality was asked to exercise its rights of first refusal.
Time and cost: 5 days, no charge
Notarial certification of signatures of both parties on the application
Agency: Notary Office
The parties sign and a notary attests the application for the registration of the buyer’s title with the land registry or Land Book. The registration application should contain the authorization to the person that is entitled to perform the registration Procedures.
If the authorization is not incorporated in the registration application, the parties can:
- Issue a notarized power of attorney to this effect, or
- Incorporate the authorization in the sales agreement, in which case the sales agreement must be attested by a notary, or
- Authorize a notary to process the registration of title.
Time and cost: 1 day, EUR 80.41
- Certification of the signature of both parties (two persons), EUR 18.78 each;
- Information about both companies – EUR 7,12 each;
- Information from the Citizen’s register – EUR 5,41 for each person (2 required)
- Information from the Invalid documents’ register – EUR 1,42 for each person (2 required);
- Information from the Land Book register for both companies – EUR 7,12 for each company.
Additionally the state fee – EUR 0,71 is being added.
The total sum is being taxed with the VAT of 21% (not included in estimates).
Registration of the buyer’s title
Agency: Land Registry (Land Book)
The parties submit the documents obtained in the previous Procedures to the Land Registry Unit of the Land Book. After reviewing all submitted documents a Land Book judge adopts a decision on registration of change of ownership rights. A true copy of a decision shall be issued, which a judge and a secretary of a Land Register office shall certify with their signatures. Entry shall be made in a Land Register not later than the next working day after a decision has been taken, and they shall be signed by a judge and a secretary of a Land Register office on the same day.
The following documents must be provided together with registration application:
- Real estate sales agreement signed by parties;
- Statement of the payment of real estate tax (obtained in Procedure 1);
- Municipality’s approval of the transfer (obtained in Procedure 2);
- Notarized application for the registration (obtained in Procedure 4);
- Statement on the shareholders of the buyer (obtained in Procedure 3);
- Receipt of payment of stamp duty and registration fee.
(The payment for registration and the stamp duty can be paid at POS stations in the Land Registry. Receipt of payment should be submitted before the registration of the title)
Time and cost: 10 days, EUR 15,264.41 (EUR 14,23 (processing fee for the registration of title), EUR 7,11 (processing fee for the receipt of the registration certificate), 2% of the highest of either the purchase price of the real estate value)
