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Support of real estate transactions in Georgia

If you feel ready to buy real estate in Georgia and have located a good option, the next best step is finding legal support for the transaction. Legal assistance is especially relevant when buying property in a foreign country with its own specifics of land and property rights registration. A team of experienced lawyers at Jara Legal will provide legal support at all stages of the preparation and processing of a real estate transaction.

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Stages of real estate transaction support

Preparing to buy a property
The first step is a legal check of the seller and the property. A Jara Legal lawyer will carefully check the property's documents and make sure that the seller legally owns it. It's also necessary to check whether the data on the ownership of real estate is factually accurate. Important points: * Is the property under encumbrance? * Are there tax deductions? * Is it in the bank's mortgage?
Confirmation of the new owner's property rights
The next step is signing a preliminary agreement between the parties and registering it with the National Agency of Public Registry. This confirms the property rights of the new owner of the property. At this stage, the parties may also agree on purchasing the property in installments or on any other terms. The main sale and purchase agreement is recorded in the registry after both parties fulfill their obligations.
Signing the agreement in three copies
A lawyer's assistance will facilitate the proper drafting of a sale and purchase agreement. The agreement is signed in three copies in two languages (Georgian and English). The owner doesn't need to be present at the signing, as long as they have a representative. Passport copies of all parties will be attached to the agreement.

Registration procedure

After the sale and purchase agreement is signed and the actual payment is made, the Jara Legal lawyer will register the transaction at the House of Justice. Both a legal entity and an individual can be appointed as the new owner of the property.

Cost of real estate transaction support

A team of experienced lawyers at Jara Legal will provide legal support at all stages of the preparation and processing of a real estate transaction. VAT according to Georgian law is paid for separately.
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