The process of documentation in property purchase and sale

  • 3557 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

From the "Black city" - to the "White city"

Projects that began in the late 20th century opened up new perspectives for the city residents. Scie...

Yan 12, 2024 Read more

A short trip to "Metro construction" in Azerbaijan

After the construction of metros in Moscow and Leningrad in 1932, the development plan of Baku inclu...

May 6, 2024 Read more

The Establishment of the Television Tower and Attraction of Foreign Investors

Azerbaijan Television Tower is a key part of the country’s modern telecommunications infrastru...

Sen 28, 2024 Read more

"Port Baku Residence: A New Level of Luxury Living

Port Baku Residences is a residential complex located in the heart of Baku, setting the standards fo...

Avq 15, 2024 Read more