Registration procedure
- Registering the transaction in the House of Justice after signing the agreement and making the payment.
- Indicating whether the property is owned by a legal or physical person.
Support of real estate transactions in Georgia
If you are planning to purchase real estate in Georgia and have found a suitable property, it is crucial to ensure legal support for the transaction. This is especially important when buying property in a foreign country, where there are specific land laws and property registration procedures. The experienced legal team at Jara Accounting will provide legal support at all stages of preparing and finalizing the real estate transaction.
Stages of completing a real estate transaction
Preparing to buy a property
Legal check of the seller and the property, verification of documents for legality of ownership and presence of encumbrances, checking for any tax liens and mortgages.
Confirmation of the new owner's property rights
Signing and registering a preliminary agreement with the National Agency of Public Registry, agreeing on installment terms or other purchase conditions, registering the main sales agreement after all obligations are fulfilled by both parties.
Signing the agreement in three copies
Drafting the sales agreement in two languages (Georgian and English), signing the agreement by a representative if the owner is absent, attaching copies of passports of all participants in the transaction.
Service cost
The experienced legal team at Jara Accounting provides legal support at all stages of preparing and finalizing the real estate transaction. Additionally, VAT is charged in accordance with Georgian legislation (18%).
