What is essential in every real estate deal? What do all realtors do by default and, ideally, what should all buyers do? The answer is simple and obvious - document verification. This is a key stage, after which it is possible to talk about signing a contract and making further plans for your square meters. The list of documents includes technical passports, extracts from registries, utility payments, and much more, but it is worth starting with checking the owner. An object that looks perfect and legally clean in all parameters often turns out to be such in reality, so the root of the problem lies in a completely different place - in the personality of the owner or the one pretending to be him. Each country has its own rules for optimal and precise verification of objects and their owners. Remember and use it next time you want to add something new to your investment portfolio.
Resources for checking property rights
- Dubai, UAE 🇦🇪 In one of the wealthiest metropolises in the world, everything is carefully planned to the smallest detail because successful businessmen should not be bothered with documents and waiting for extracts from government structures. The Dubai Land Department exclusively controls and maintains strict records of property rights. You can check the property ownership certificate and obtain a digital version of the title deed directly on website of Dubai Land Department or you can make it even simpler - install the Dubai REST app and scan the QR code.
- Turkey 🇹🇷Help is on the way website TAKBİS - land registry and cadastre. To verify the data, the buyer needs to request the required information from the seller from the TAKBİS database. It is important to carefully study the received extract, which is called "tapu" in Turkey. It is a kind of buffet for the buyer because it contains everything he may need. Pay special attention to the accuracy of the actual address indicated, the characteristics of the property, and information about the owner. Real estate experts point out another important detail - make sure that there are no restrictions on property rights transfer in the tapu.
- Spain 🇪🇸To obtain a statement, please visit website of Property Registry (Registradores de España). A brief extract, Nota Simple, contains all the important facts about the real estate. It is sufficient to verify the property and its owner. If you want to obtain a more complete document with legal force, you need to order a certificado registral. Both documents have a fee. For a Nota Simple, you will have to pay about €10. Naturally, a certified document with a signature will be significantly more expensive.
- Italy 🇮🇹 As a buyer, you have the full right to request the other party of the contract to provide an extract from the Conservatoria Registri Immobiliari real estate registry. You can verify the information received with the actual situation. website of Italian tax service.
- Montenegro 🇲🇪 You can independently verify all the data on the cadastre authority's website. To do this, you will need to know the region and district in advance, as well as the list of real estate properties, that is, the number of the last extract from the cadastre register. All this data can be requested from the owner.
- Czech Republic 🇨🇿 The action plan is already familiar to you thanks to other countries - go straight to the Czech Cadastre website. To find the necessary object, it is enough to know its address or cadastral number. Carefully compare the data with what the owner provided you.
When buying real estate in your home country, you should also not forget about taking precautionary measures. All information about the owner of the square meters can be obtained from the State Register of Real Estate Rights. Utilize this information. detailed instructions, and in a few minutes the statement will be in your hands.
