6 things to know before buying property in Romania
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Loading... - Mirela Alupei
- 08 Feb 2023
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Do you want to buy a property in Romania? Before taking this step, find out what aspects you need to pay attention to when deciding to purchase an immovable asset, such as a land, a house or an apartment.
Confirm that the property is listed in the Land Register
What is the Land Register? According to Law no. 7/1996 of the cadastre and real estate advertising, the cadastre and the land register form a unitary and mandatory system of technical, economic and legal records, of national importance, of all the buildings on the entire territory of Romania. This system is designed to be able to identify the owners of real estates and to have an overview of the location and tax value of lands and buildings in public or private ownership.
Thus, the first very important aspect that you need to take into consideration is that in order to sell, donate or conclude another real estate transaction at the notary office, the property that is the object of this transaction must have the cadastral documentation done beforehand and it must already be registered in the land book. If the immovable asset does not have such documentation, its owner must first contact an authorized cadastral expert, who can undertake the necessary steps so that the documentation and the registration are done.
Therefore, before signing a sale-purchase contract for a property, make sure you ask the seller to show you the land book extract that certifies the legal registration of the property. This document is essential to verify the verity of the data, indicating the name of the current owner of the property. Read More…
