VERIFICATION OR DUE DILIGENCE OF REAL ESTATE IN ROMUNIA

In Romania, as in other countries, there is a service of legal audit or Due diligence of real estate objects. This 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 occurrence of the property, as well as take into account all possible risks in the event of its further use or sale. .

Checking a property in Romania is a study of the history of its creation, change of ownership 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 it is difficult to achieve 100 percent guarantees, but a full check of real estate in Romania, including a high-quality and complete check of the history of the property will give you the opportunity to be ready to buy or sell such a property, and will also help you correctly assess investment risks.

What you need to check before buying land, house, apartment or any other property:

• The emergence of the object and the first right of ownership

Most often, violation of the law is 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 exactly built and on what basis, whether conflicts or disputes arose during construction..

• Analysis of previous owners

It is very important to understand the procedure for changing ownership and who, in fact, they are, from the very first to the last. This can be done either by analyzing all donation purchase and sale transactions, etc., or through the appropriate registers.

• What is the status of the property

It is necessary to investigate the documents on the basis of which the last registration of ownership took place, whether such ownership is currently burdened with arrests or prohibitions on registration actions, the absence or presence of litigation and decisions regarding the property.

• Physical inspection of the property

Verification of compliance with the technical characteristics of permits. It often happens that the previous owners changed something and did not make the appropriate changes 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 the unsuitability of the object for use and significant investment losses.

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

Legal due diligence of a property in Romania does not consist in collecting information from the Internet, but in a perfect understanding of the legislation in the field of construction and experience in supporting construction and judicial activities.