The purchase of real estate is just the beginning of a process that involves a number of obligations and steps after the completion of the notarial transaction. In this video, we will look at what these obligations are and how to successfully complete them.
Declaration to the tax office: within two months after the transaction, the property must be declared to the tax office of its location. Although this process is usually done automatically, it is important to make sure that everything is completed correctly, especially if there is a deferred condition to be fulfilled or upon receipt of a deed 16.
Cadastral record: although not compulsory, it is advisable to carry out the cadastral change to avoid possible problems with the ownership of the property in the future.
Changing electricity and water bills: it is advisable to change electricity and water bills as soon as possible after you become the owner to avoid interruptions in service delivery.
Registration in the house book: within two weeks after the purchase, the new owner must register in the house book of the building, and get acquainted with the management of the condominium and its related obligations.
Property Insurance: If the purchase is made with a bank loan, you will need to take out property insurance which is the basis for the regular loan repayments and should be kept valid.
Following these steps after purchasing real estate is essential to ensure smooth and legal ownership of the property and to avoid unwanted problems in the future.
