What are the legal aspects related to the sale of a plot of land that...?

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…under legal process or encumbered?

11.07.2023 10:19 469

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Photo of 30.09.tana2002 Tatіana Mazur

When concluding a purchase-sale contract, the buyer can ask to provide an Extract from the State Register of Property Rights to immovable property, which will contain an item about the presence of encumbrances and a printout from the website of the Court of Appeal of Ukraine, which will show which lawsuits were filed in relation to the property and whether the legal process is still going on against him.

Encumbered real estate deals are risky for buyers and tenants. Restrictions on real estate are not canceled with a change of owner. That is, buying or renting such real estate, the new owner also finds himself in a situation where he cannot freely use or dispose of the object. Moreover, this requirement is valid, regardless of whether the buyer was warned about the encumbrance at the time of purchase or not.

11.07.2023 11:02

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