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What should I check before the notary transfer of a real estate if I have a signed Preliminary contract?
Last update: 2008-05-09 06:31:49
• There is no change in the parties - individuals according to the Preliminary contract (actualization of their certificate for inheritance, research of their marital status at the moment of the notary transfer and whether the real estate is a family home or not);
• The absent parties have granted powers of attorney with explicitly mentioned rights and individualization of the real estate together with notary certified personally signed declarations;
• The status of the Sole trader, respectively the legal entity is actual - not terminated, liquidated or transformed;
• All needed decisions (certified with Minutes of associations of all partners of legal entities) are taken accordingly with the Bulgarian legislation and company By-laws;
• There is no insolvency procedure started against the Seller - legal entity;
• The real estate is not already sold and there aren't any encumbrances registered on it (such as mortgages, rights of use, injunctions, specific pledges, and registered claims).
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