Points to Consider in Real Estate Purchase and Sale

Real estate purchase and sale transactions are high-value and risky processes. We cover the points to consider in order to prevent legal problems that may arise in these processes.

## 1. Land Registry Examination

A detailed examination of land registry records and checking the status of mortgages and seizures is necessary. The identity of the land registry owner, the nature of the immovable property and the rights over it must be investigated in detail.

## 2. Contract Preparation

The legally valid and comprehensive preparation of the sales contract is of great importance. The sale price, payment terms, land registry transfer date and penalty clauses must be clearly regulated.

## 3. Tax Obligations

In real estate purchase and sale, tax obligations such as land registry fees, property tax and VAT must be known. Consultancy should be obtained on benefiting from tax advantages.

## 4. Tenancy Status

If there is a tenant in the immovable property, the terms of the lease agreement and the tenant's rights must be evaluated. An agreement must be reached on the assignment or termination of the existing lease agreement.

## Conclusion

Safe transactions can be carried out by obtaining legal consultancy. Ehil Law Group offers comprehensive services in the field of real estate law.