VERIFICATION OR DUE DILIGENCE OF PROPERTY IN ITALY

VERIFICATION OR DUE DILIGENCE OF PROPERTY IN ITALY

The service of legal audit or due diligence of real estate objects is very important and is used in many countries, including in such a highly developed one as Italy.

The existence of the service is due to the fact that when buying property, a person invests significant funds compared to the cost of such an inspection, and therefore, in most cases, such a person wants to understand the entire history of the real estate object, as well as take into account all possible risks in the event of its further use or sale .

Inspection of a real estate object in Italy is a study of the history of its creation, changes of owners and conflicts that arose with this property.

That is why a legal audit or due diligence will protect you from the negativity associated with the history of the object. It is clear that 100 percent guarantees are difficult to achieve, but a complete inspection of real estate objects in Italy, including a high-quality and complete verification of the history of the object of real estate property, will give you the opportunity to be ready for the purchase or sale of such an object, and will also help you correctly assess investment risks.

What you need to check before buying land, a house, an apartment or any other real estate object:

• Emergence of the object and the first right of ownership. Most often, violations of the law are allowed precisely at the stage of construction and registration of property rights. That is why it is important to check how the right to build arose, the origin of the land, who built it and on what basis, whether there were any conflicts or disputes during construction.
• Analysis of previous owners. It is very important to understand the order of change of owners and who they actually are, from the very first to the last. This can be done either by analyzing all agreements of purchase, sale, donation, etc., or through the relevant registers.
• What is the status of the real estate object. It is necessary to examine the documents on the basis of which the last registration of ownership took place, whether such ownership is currently encumbered by arrests or bans on registration actions, the absence or presence of legal disputes and decisions regarding the real estate object.
• Physical inspection of the real estate object. Verification of technical compliance characteristics of permit documentation. It often happens that the previous owners changed something and did not make appropriate corrections and changes to the technical documentation, which in the future can lead to at least additional costs for the legalization of such changes, or even to the unfitness of the object for use and significant investment losses.

Based on the results of the inspection of the object of investment in Italy, you will receive the conclusion of our campaign, which will reflect all the stages of the inspection with identified shortcomings and comments, as well as an investment conclusion regarding possible risks, if any are identified.

Legal inspection of a real estate object in Italy does not consist in collecting information from the Internet, but in particular in a perfect understanding of the legislation in the field of construction and experience in working with construction and judicial activities.