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Purchase Contract

Buying a property is legally effective only when the purchase contract is notarized by a notary. The property is sold in the form of freehold flats or fractional ownership which are self-contained and freely available for sale. In the purchase contract the object of purchase, the purchase price and payment arrangements shall be specified.

Arising in the context of the purchase of incidental transaction costs are also borne by the purchaser to the purchase price. These include, in general, the real estate transfer tax, notary and registry fees, broker fees and any financing charges.

more “apartment ownership”