Property Law
Property law as a branch of the legal system includes the right to property and other property rights, possession, tenure, entries, some of the means of acquiring property rights, as well as the legal status of the things themselves, the means of protecting property rights.
Construction and renovation works can also be broadly classified as property law. It is common knowledge that for every Bulgarian citizen owning his own home is a top priority, which is why at “Antonii Dimitrov” Law Firm we have created a comprehensive service in relation to the wishes of our clients to build/ buy homes. The comprehensive service includes the following activities:
When the client wishes to buy a home, we perform the following actions:
This verification is extremely important from the point of view that it is possible that the seller of the property is not the owner, or only owns a part of the ownership of the transferred real estate. This verification is extremely necessary to protect buyers from possible future foreclosure lawsuits. The verification involves pulling all deeds in the chain of transfers, tracing inheritances, checking for wills, and very often it turns out that problems only become apparent when pulling the earliest deeds. Very often clients come to the firm complaining that they are unable to transfer their property because of these problems, which were not found during the initial inspection.
Е.g. mortgage, foreclosures, limited property rights, etc.
Very often sellers (especially if they are also the builders of the respective site) sell homes by including the common parts and the ideal parts of the building rights on the respective site/land, thus artificially increasing the square footage of the apartment. This type of practice results in buyers paying more than they receive (for example, a buyer thinks he is buying a 120 sqm apartment, but it turns out that the area is only 90 sqm and the remaining 30 sqm are common parts and ideal parts of the building right on the land).
If one will be used to purchase the home.
When the client wants to buy a greenfield home we do the following:
If lending is required and a review of the mortgage loan agreement, drawing up the mortgage contract with the bank and its coordination with the bank and the notary.
The team at “Antonii Dimitrov” Law Firm also has experience in the following areas of property law:
Protection of property rights by filing repossession and negatory claims to establish ownership of the property, to regain possession of the property and to overcome any obstacles to the exercise of ownership
Drafting of contracts for the transfer of ownership or establishment of limited property rights
Protection of possession and tenure
Reviewing the history of the property when buying it at public sale/auction
Drafting opinions in connection with the acquisition of immovable property by prescription or inheritance
Defending defendants in actions brought against them to protect a right in rem or possession
Partition
Repair works
Review and preparation of contracts for construction works
Prosecuting claims against companies and individuals who have carried out substandard repairs or failed to meet their obligations in relation to building works.
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