Title deed is the main document confirming the buyer’s right to own real estate. The buyer receives the certificate at the purchase and sale transaction in the last stage. To do this, it is necessary that the certificate is issued by the land registry, and the buyer obtains permission from the Council of Ministers to purchase the object.
An authorized lawyer prepares the necessary documents, the buyer pays VAT, fees (municipal, fee when registering a certificate). The investor receives the title after 1-2 months
If the object has not yet been built, the developer does not have such a document: it is issued in the object complete delivery event. Properties are checked in detail, so the title deed can take 1-4 years.
Another nuance: developers often take out loans from banks, mortgage land. After the object full commissioning construction completion, the buyer will not receive the title if the developer has not repaid the loan. If the object is illegally built, is not included in the architectural plan, the new owner will also not receive the title. It is important to consult a lawyer.
The state, the law provide the buyer’s rights full protection: the contract is kept in the land registry for 6 months. The seller will not be able to sell the object or perform other manipulations. The buyer does not yet have a title, his property rights cannot be violated.