Safe property purchase, check the land and mortgage register

Beautiful finishing, a view from the balcony, or a good price can be captivating. However, before signing a preliminary agreement, you must absolutely check three key elements in the land and mortgage register.

Three key sections and elements of the land and mortgage register

• Section III – Rights, claims, and restrictions: This is the place where personal easements (e.g., life estate), warnings about enforcement proceedings, or claims from other preliminary agreements may be hidden.
• Section IV – Mortgage: Check whether the property does not serve as security for debts, which requires obtaining a balance certificate and consent for the removal of the mortgage.
• Section I-O and II – Compliance of the factual state: Ensure that the square footage and appurtenances correspond to reality, and in Section II, verify the sole owner or all co-owners.

When browsing the land and mortgage register number in the electronic system, pay special attention to entries marked with a red font or the letter W symbol. They indicate that a new application has been submitted to the court, which has not yet been entered into the content of the register.

Analysis of the land and mortgage register and related documents is a standard element of our work. At ODI Real Estate, we take on the entire legal audit, eliminate risks, and ensure that the moment of receiving the keys is associated solely with peace of mind and satisfaction. We invite you to contact our real estate agency.