Are there any other ways of restricting disposals with a property?
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...
How are a mortgage and purchase of an apartment treated, from the point of view of common marital property? What is the procedure in the event of a divorce?
If a property is purchased during a marriage, it becomes a part of the spouses’ common property (“CP”) if the couple is married pursuant to the laws of the Czech Republic. That means that it...
Is a reservation of a real property always binding and subject to a fee?
No, a prospective buyer can reserve a property for up to 2 days without a commitment. This can be done in person, over the phone, or by e-mail, after a viewing or a meeting with...
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...
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 age, i.e., upon reaching eighteen years of age. A purchase agreement therefore has to be concluded and signed on the child’s behalf by his statutory representatives, whose interests must not be contrary to the interests of the child, meaning that the said transaction is subject to oversight and consent by a guardian court which, among other things, appoints the said statutory representative. The court’s consent then constitutes an integral part of an application for the registration of the right of ownership in the Land Register. It must, however, be understood that owning a property is a commitment that involves obligations, such as the payment of fees related to the use of the property (fees for waste removal) or tax obligations (e.g., annual property tax).
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