Purchasing Real Estate - Overview

Richard Gürlich's in-depth 11-part guide to buying property

Expats.cz Staff

Written by Expats.cz Staff Published on 05.08.2008 11:47:08 (updated on 05.08.2008) Reading time: 1 minute

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Written by Richard Gürlich
of GÜRLICH & Co.

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Purchase of real estate

The question of real estate purchases is presently enjoying great interest,  due to the desire of many people to live in their own dwelling and, for example, as a result of entrepreneurial activity. Additionally, relating to real estate contracts, there could be a few legal pitfalls that I will refer to. Due to the comprehensive nature of this subject it is necessary to split it up into several partial stages.

These stages can be categorised as follows: 
 
1. Reservation contract

2. What you need to know about real estate before concluding the contract

AGENCY PROPERTIES

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Family house for sale, 236m<sup>2</sup>, 5900m<sup>2</sup> of land

Family house for sale, 236m2, 5900m2 of land

Nové Mitrovice

Apartment for rent, 2+kk - 1 bedroom, 49m<sup>2</sup>

Apartment for rent, 2+kk - 1 bedroom, 49m2

Ke Smíchovu, Praha 5 - Slivenec

Apartment for rent, 2+kk - 1 bedroom, 66m<sup>2</sup>

Apartment for rent, 2+kk - 1 bedroom, 66m2

Tomáškova, Praha 5 - Smíchov

Apartment for sale, 2+kk - 1 bedroom, 49m<sup>2</sup>

Apartment for sale, 2+kk - 1 bedroom, 49m2

Renneská třída, Brno - Štýřice

3. Future Purchase Contract

4. Purchase Contract
    – Purchase contract for a plot of land or a house
    – Purchase contract for a flat and non-residential unit

5. Application of a mortgage

6. Record into cadastre of real estates
    – Cadastre of real estates
    – Procedure in cadastre office
    – Record into cadastre of real estates

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7. Contract of work for house construction
    – Contract for Work for house construction
    – Contract for Work for construction of house with flats and non-residential areas

8. Statement of the owner

9. Partnership of the owners

10. Purchase through the intermediary of a legal entity 
    – Legal entity as a contractual party
    – Purchase contracts about transfer of real estate property concluded by
the foreigners

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11. Cooperatives  and membership of them
    – Cooperative
    – Membership of the cooperative

#real estate law
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