The process of documentation in property purchase and sale

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  • Avq 17, 2024

The process of documentation in property purchase and sale

The proper documentation process during property transactions is crucial. It ensures legal security and helps prevent potential future problems. When buying an apartment in Baku, the first step is to verify the documents that confirm ownership. These documents include the title deed (kupcha) and other ownership records. The purchase agreement must be notarized, and the property must be registered with the state.

Additionally, it is important to check whether the property has any encumbrances (mortgage, court decision, etc.). Consulting a professional lawyer to clarify the legal status of the property is advisable to minimize legal risks during the transaction. Finally, clearly stating all details and obligations in the contract will protect the buyer's rights.

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