Basic Steps > Double checking the property
Double checking the property
Preparing a draft contract
Having the draft contract translated
Having the contracts notarised
Payment terms of the contract
Application to the TAPU Office
Documents asked by the TAPU Office
Forbidden zones and size limitation
How are FDI and foreign companies treated by TAPU Offices?
Issuance of a new TAPU by the Office
Declaration of acquisition to the local government
Once the sale and purchase conditions are agreed with the owner or with his/her agent, you are advised to ask for a copy of the TAPU (Title Deeds) and double check whether:
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The TAPU really belongs to the property you are interested in
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It is a residential or commercial property in a zone covered by an Implementary Development Plan or a Local Development Plan (If not, please note that the new Title Deeds law does not allow you to buy it, please give up buying it)
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The property really belongs to the person who introduced himself to you as the ‘owner’ (Compare the ID card of the person to the TAPU of the property)
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A joint ownership is in question (if so, whether all of the shareholders comply with the sale)
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No annotation prohibiting the sale/purchase of the property appears on the TAPU (Unless the prerequisites envisaged by the annotation are met, the sale is impossible).
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The Implementary Development Plan (Imar Plani) or the Local Development Plan allows you to erect a building on the land (if a land is in question and you want to construct a building on it),
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The building complies with all regulations such as earthquake-proof standards (if you are about to buy a flat or house, you should check all licenses and official permits for the property had been properly obtained),
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The current owner(s) owes no over-due taxes to the Tax Office,
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The current owner(s) owes no over-due debts to the utility companies,
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The agent you are using, if any, works for a registered company,
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The solicitor you are using, if any, is an authorised solicitor,
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A binding contract with a tenant using the property is in question.
Moreover, in order to save time and not to be in a hurry later, you should;
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Register with a local tax office and then open a bank account,
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Make necessary contacts with the relevant professionals such as a good solicitor, a Sworn-Translator, an independent accountant or an agent.