Support in the execution (conclusion) of real estate contracts (agreements).
Buying and selling real estate (house, apartment, garage, non-residential building, office and other commercial premises, etc.) is a normal part of our lives, but real estate is a fairly valuable and expensive asset.
Therefore, when approaching the procedure of buying and selling real estate, it is important to rely on a highly specialized lawyer who will help you avoid common mistakes and save significant money when completing the purchase – sale and paying taxes.
How it happens in practice and what problems our clients face, Naumenko and Partners law firm knows for sure, and most importantly, they know how to avoid them.
The purchase and sale of real estate (a house, apartment, garage, non-residential building, office and other commercial premises, etc.) includes the signing by the parties of a notarized real estate sale agreement, which is a legal document confirming ownership of real estate.
In addition to sales contracts, ownership of real estate can be transferred by way of exchange, gift, and other types of civil law contracts (agreements).
However, here we will focus on the classic procedure of buying real estate in Ukraine.
The entire process of buying and selling real estate usually consists of the following stages:
- Selection and audit of real estate. This is one of the most important stages, during which an inspection of the real estate, documents and the identity of the owner is carried out, carefully looking for possible risks associated with the conclusion of a sales contract. Inspection of real estate includes research and study of all available registers, inspection of the technical passport, as well as ownership documents and completed redevelopment or reconstruction works.
- Eliminate deficiencies, if any. Sometimes during the analysis it turns out that the real estate object is not ready for sale. It is possible that a minor is registered there, does not have an up-to-date (valid) technical passport, or there are other circumstances that objectively, according to the Law, prevent the execution of an agreement for the purchase and sale of real estate.
- Prepare for buying and selling real estate. If the real estate is suitable for the deal and the commercial conditions are agreed and satisfied by the parties, then we will help you to support this deal, which includes:
- Choose the most optimal option for purchasing a real estate object, with optimization (economy) of paying all taxes and other payments;
- Carry out a full legal check of the alienated real estate object;
- If necessary, conduct negotiations with another interested party (contractor);
- Develop directly the draft of the contract (purchase-sale, donation, exchange, others), object of immovable property (house, apartment, garage, non-residential building, office and other commercial premises, etc.);
- Prepare relevant technical documentation (technical passport, information certificate from the Register of Property Rights, BTI archival certificate, expert assessment, technical report) for the real estate object;
- Conduct full support of the contract (agreement) with notarization of the contract at a notary (conclusion of the sales contract itself directly at the notary).
It is very important that the preparation is effective and that all details and nuances are taken into account. Sometimes the contract (agreement) for the purchase and sale of real estate may not take place at the notary due to the absence of all the necessary documents or non-fulfillment of obligations.
Perhaps the easiest, but definitely the most important and essentially final moment is signing the contract of sale of real estate at the notary.
Usually, the parties to the contract are a bit worried during this final stage, however, we, as experienced lawyers, try to prevent this from happening, to do everything possible to make the deal go through without any problems, including psychological ones.
As a rule, at the notary's office, the parties signing the sales contract perform all the calculations and pay the necessary taxes.
After all these procedures, the notary makes changes to the register of property rights and issues the relevant documents to the new owner.
The previous owner hands over the keys, and that's the end of the lawyers' work.
But there are situations when the transaction is complicated, for example, when you need to transfer funds from abroad to the seller's account, and this banking operation can take a lot of time, but it is worth waiting.
Alternatives are possible, for example, a letter of credit, when the buyer transfers money to a special account, and the seller receives it only under certain conditions (for example, after concluding a sales contract).
In order to avoid unpleasant situations, it is important to carefully prepare for the signing of the agreement and agree on all the details, only in this way all parties to the agreement (the seller and the buyer) will be satisfied.
Buying and selling real estate is a serious business with its own risks and requirements, so it is better to enlist the support of a qualified lawyer for the following reasons:
- The main goal is your legal security. In addition, it saves money, time and stress when buying or selling real estate;
- The lawyer is process-oriented, knows all the practical details and possible risks, is always ready to protect the client's interests;
- Checking the condition of real estate, agreeing terms and providing effective advice - all this is part of the responsibilities of our lawyer. If an unforeseen situation arises during the transaction, our specialist will take care of solving this problem;
- Our team offers a full range of services and support for the execution of contracts for the purchase and sale of real estate in Ukraine;
- There is a legal inspection of real estate;
Remote purchase and sale of real estate is possible (for clients from abroad).
Naumenko and Partners Law Company will gladly become your reliable partner, which will provide full legal support and support at all stages of contracts (agreements) with real estate.
The legal company “Naumenko and Partners” has been providing legal services to foreign citizens for a long time in complex and qualified support of matters related to registration of real estate objects (house, apartment, garage, non-residential building, office and other commercial premises, etc.), including representation in BTI, Notary, TsNAP, land management organizations, local self-government bodies, etc.
The cost of legal support services in the execution of purchase and sale, donation, lease and other contracts of real estate is determined in each specific case, taking into account the specifics and complexity of the case, as well as depending on the amount of legal assistance provided.
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Have questions or need more information?
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Why choose us?
Professionalism and significant practical work experience
We provide the Client with interest-free installment payments for the rendered legal services
A comfortable and modern office in the very center of Kyiv, next to the metro
(100 meters from the University metro station and 4 minutes from the Teatralna metro station, as well as from the Zoloti Vorota metro station)
