Commercial (non-residential) real estate is a special type of immovable property, as the purpose of its use is to generate income by the owner both directly (when economic activity is carried out independently) and by renting, leasing, etc. Commercial real estate includes catering facilities, shopping malls, production facilities, offices, warehouses, garages, and others. A responsible approach to commercial real estate transfer agreements is an important factor for each party to the contract, as the seller thus optimizes the tax burden and has the opportunity to receive money for the alienated property as soon as possible, and the buyer protects himself from the possibility of buying “problematic” real estate.

Support for the seller in the sale of commercial real estate includes:

  1. Verification the identity of the seller for prohibitions on transactions with real estate, open enforcement proceedings, court cases.
  2. Verification of title documents for the immovable property, the presence of encumbrances/restrictions on the subject of the agreement, property rights of third parties, court cases.
  3. Advising on the taxation of the agreement, search for alternative ways of alienation if necessary. 
  4. Consultations on obtaining documents required for the sale of real estate (preparation of expert appraisal, technical passport).
  5. Analysis and adjustment of the text of the sale-purchase agreement, considering the interests of the seller.

This service is basic and can be extended depending on complexity.

Support for the buyer in the purchase of commercial real estate includes:

  1. Verification the identity of the seller for prohibitions on transactions with real estate, open enforcement proceedings, court cases.
  2. Verification of title documents for the immovable property, the presence of encumbrances/restrictions on the subject of the agreement, property rights of third parties, court cases.
  3. Verification the identity of buyer in the State Debtor Register.
  4. Consultancy on possible legal uses of the mentioned real estate.
  5. Consultancy on the ownership rights treatment that will result from the purchase of the real estate.
  6. Advising on the taxation of the agreement.
  7. Analysis and adjustment of the text of the sale-purchase agreement, considering the interests of the buyer. 

This service is basic and can be extended depending on its complexity.

* Payment for the production of the technical passport, expert appraisal and notary fees is made separately.

In order to optimize the tax burden and reduce legal costs, transactions involving the disposal of commercial real estate are often carried out through the sale and purchase of corporate rights. Such mechanism has both significant advantages and certain disadvantages. Specialists of the First Legal law firm can advise on the pros and cons of the procedure for re-registering the real estate both by concluding a real estate sale and purchase agreement and by alienating corporate rights.