Real Estate Blog - Legal
What is an Apostille?
23 Feb 2015
Apostille is the documentary device by which a government department authenticates a document as genuine, thereby legalizing it for use in another member country under the terms laid out in 1961. Once a document has been Apostilled, thereby providing official government authentication of the signatures...
Read moreThe property preliminary agreement
21 Feb 2015
The preliminary agreement for the transfer or real estate property is a contractual legal act under which the seller and alleged owner of the transferred property, promises to the prospective buyer to appear and sign before the notary the final purchase contract. The main features of the preliminary...
Read moreRight of exclusive use on a property
19 Feb 2015
The exclusive (separate) ownership on a floor or a part of a floor (apartment) which is enforced by the articles 1002 of the Greek Civil Code and 1 etc. of the Law. 3741/1929 is legally an exception to the rule "superficies solo cedit", included in the article 1001 par. a`of the Greek Civil Code. Consequently,...
Read moreEstablishing vertical properties in parcels outside the settlement limits
08 Feb 2015
The answer to the legal question whether a vertical ownership may be established in land located outside the city or village boundaries, where the general urban planning regulations for land parcels are applied, has been negative till very recently. The possibility of establishing vertical propertieswas...
Read moreNotary’s Fees
07 Feb 2015
The notary prepares the deed which is signed in the presence of the parties and their lawyers, if appointed. The notary verifies the legitimate presence of the parties or their proxies, in case they are represented and attaches to the notarial act all the documents submitted. Following the contract...
Read moreHorizontal Ownership
06 Feb 2015
Horizontal Ownership is established when the owner of a building divides it in more than one independent properties, attributing a specific percentage of co-ownership on the plot and the building's common parts (roof, yard etc.) in each one of them.The most common type of horizontal property is the one...
Read moreVertical ownership or vertical co-ownership
01 Feb 2015
A vertical property consists in the separate ownershipin one of many independent buildings or in parts of buildings which have been constructed in a single plot. This type of s eparate ownership refers to the building, while there is common ownership by specific percentages on the whole plot and...
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