When acquiring real estate or a land plot, there is a possibility of a dispute over ownership after the transaction is completed. Many buyers simply fear becoming victims of fraud and losing the acquired property. Or find themselves in a situation where it is impossible to fully dispose of the purchased assets. To avoid such cases, and a preliminary examination is conducted of the real estate object, during which a number of engineering and legal actions are carried out to identify possible risks.
When concluding a transaction for the alienation of real estate, it is important to establish the legal status of the object itself, which outlines the set of possible actions aimed at exercising rights of ownership, use and disposal. After all, if a land plot is being purchased for building a residential house, its designated purpose must correspond to this. If the plot belongs to industrial lands, it is necessary to determine the possibility of changing its designated use. Otherwise, after acquiring the plot into ownership, it will be impossible to use it for the planned purposes.
In addition to analyzing the transaction object, its history is examined to identify unlawful actions by former owners that may later lead to the annulment of the transaction and the gratuitous return of the alienated object. Fraudsters often use schemes where the seller is an incapacitated person, which leads to the contract being declared invalid. The factor of the “voluntariness” of entering the transaction is also investigated — whether the former owners were coerced into alienating the subject of the contract.
During the examination, the object is checked for encumbrances and claims from third parties.
Upon completion of the examination, our company provides a report on all identified risks, as well as conclusions about the likelihood of a dispute arising in the future. Given our many years of experience in handling cases in the field of land relations, our employees propose legal scheme options for carrying out transactions that minimize risks. Our company’s services also include representing the client’s interests during negotiations and drafting a contract that best meets our clients’ requirements.