Is it possible to buy an apartment for someone else, for example, for an underage child?
Yes, a person has the right to acquire property from his birth. This means that even a minor may own a property. Nevertheless, a child only becomes competent to enter into agreements upon coming of...
What is the difference between individual and co-operative ownership?
In the case of co-operative ownership, the purchaser owns a share in a housing co-operative, which guarantees him a right to enter into a lease agreement for an apartment, i.e., the right to use a...
Do you give a warranty on the buildings you build? Are there any pitfalls to such a warranty?
GARTAL provides a standard warranty of 24 months from the acceptance of the property. That way, as the buyer, your warranty period is not reduced by the duration of the occupancy permit proceedings. Fixtures in...
What taxes do i have to pay in the event of a real property transfer? Are there any other fees involved?
The following taxes may need to be paid on the transfer of a real property: Income tax of 21% if the seller is a legal entity. The tax is paid by the seller. Income tax...
Another type of restriction of disposal with real properties are easements, which, for example, establish the right of a third party (other than the owner) to use the property or the right of the owner of a neighbouring property to use the property subject to the easement, for example, for the right of way or footpath, the right to drive cattle, etc.
Easements are linked to a person (in personam) or to a property (in rem) and are subject to registration in the Land Register.
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