The process of documentation in property purchase and sale

  • 895 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.

0 Like

Similar news

An unforgettable summer at the Sea Breeze Residence

Our country's climate, mountainous regions, sunny days, and sandy beaches along the Caspian Sea ...

Mar 4, 2024 Read more

"İcheri Shexer" in the 21st Century

Located in the center of Baku, the unique historical site "Icheri Shexer" is the beating h...

İyun 22, 2024 Read more

Egyptian Pyramids: Wonders and Statistics

The Egyptian pyramids are considered one of the most magnificent structures of the ancient world. Th...

Avq 1, 2024 Read more

Smart Home: How Technologies Transform Our Everyday World

Modern technologies don't leave even the everyday aspects of our lives indifferent, including ou...

Noy 29, 2023 Read more