If at the moment of the signing of the preliminary agreement the property has a mortgage then the seller must be obliged to expunge the mortgage at the moment of the final transfer of the property ownership and the new owner to receive a property without encumbrances.
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There are no legal requirements about when you should pay for the property – the price can be paid in advance, before the deal is certified by a notary public, on the day of the transfer of ownership or in installments.
Read MoreIf there is any doubt about the validity of the notary deed of a property it can be checked at the respective Registry Office (Property Register) with the Registry Agency. A check can also be made with the notary public whose name is on the notary deed and who certified the deal but the most…
Read MoreΙnformation about the encumbrances on the property (mortgages, third parties’ rights, legal claims, etc.) can be checked by the relevant Registry Office (Property Register) at the Registry Agency as per the location of the property. The due taxes can be checked in the respective Local Taxes and Fees Office with the respective municipality as per…
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