The process of documentation in property purchase and sale

  • 4068 man
  • 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.

2 Like

Similar news

Real Estate Investment: What to Watch Out for in 2025?

In 2025, there are numerous opportunities for investing in real estate, but some key factors must be...

Avq 24, 2024 Read more

Commercial Properties: The Best Investment Options.

Investing in commercial properties in Baku offers several advantages. The city's economic develo...

Avq 22, 2024 Read more

Why is interior design so important?

After obtaining a beautiful apartment, the first question that comes to mind is how to renovate your...

Yan 3, 2024 Read more

Knightsbridge Residence

Baku has a significant contrast between the general perceptions of its nature and reality. "Whe...

Fev 21, 2024 Read more