The Law Firm, commissioned by our clients, carries out a deep and detailed legal review (Due diligence) of real estate objects.
This service is in high demand regardless of the number of transactions on the market, the state of war, the price level and other indicators of the real estate market, because checking the real estate before its acquisition is, in our opinion, a mandatory and important procedure, both in order to determine the proper value of the real estate, as well as in order to avoid the risks of fraud or the acquisition of property, which is accompanied by legal problems.
During the analysis, lawyers carry out a thorough inspection not only of the real estate object itself, but also of the land plot on which it is located, study the owners of such real estate, including the previous ones. The important stage of the specified legal analysis is the verification of the grounds and features of the chronological transition of ownership of the real estate object.
In order to provide the most complete information about real estate, the lawyers of the firm actually conduct a qualitative investigation, during which open sources of legal information, as well as databases and sources with limited access are used. The presence of arrests or other encumbrances on immovable property is necessarily checked, whether or not there are criminal proceedings against the specified property, and other inspections of such an immovable object are carried out. In certain cases, attorney requests are sent by attorneys in order to obtain information that is important for determining the legal status of real estate.
We must provide a detailed and understandable report on the results of the inspection of real estate, its owners, and possible risks of acquisition.
