Special aspects when buying real estate
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Important aspects when buying real estate

A first step in buying a property should always be the inspection of the land register This is where you will find important information about the property, such as any encumbrances from land charges or rights of way. The division plan and the building plan are also noted there and should be carefully checked for accuracy.

Special attention is required for the declaration of division of the condominium complex, especially in the case of condominiums. This should be taken into account in the purchase agreement in order to clarify possible special features such as a garden share or special rights of use for basement rooms, ancillary rooms or parking spaces. The land register may also contain easements in favor of neighboring properties or utility companies, which should be checked in the interest of the buyer. All relevant regulations from the declaration of division and the associated contracts, such as planned construction measures or specifications for the owners' association, must also be recorded in the notarized purchase agreement. This ensures that the seller fulfills his information obligations and that the buyer is fully informed about the property.

When purchasing a rented property, the buyer automatically assumes all rights and obligations of the previous landlord. It is important to check the existing rental contracts and make clear agreements about when the rent is due to the seller and when it is due to the buyer. The tenant must be informed in good time about the change of landlord.

For properties under construction, compliance with security regulations the Real Estate Agent and Property Developer Ordinance is important. The installment payment plan should be coordinated with the building description and carefully checked.

After the notarization, the notary checks whether public permits are required. It must be clarified whether a property manager must agree or whether the municipality exercises a right of first refusal. Other aspects such as monument protection, existing mortgages and previous financing can also lead to problems and should be clarified in advance.

Given the numerous legal and financial aspects of purchasing a property, advice is recommended at every stage of the process!

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