Is it possible to buy an apartment for someone else, for example, for an underage child?

Yes, a person has the right to acquire property from his birth. This means that even a minor may own a property. Nevertheless, a child only becomes competent to enter into agreements upon coming of...

What taxes do i have to pay in the event of a real property transfer? Are there any other fees involved?

The following taxes may need to be paid on the transfer of a real property: Income tax of 21% if the seller is a legal entity. The tax is paid by the seller. Income tax...

I have heard the term “declaration of the building owner” (in czech: prohlášení vlastníka budovy). What is that?

The declaration of a building owner (Section 1166 of the Civil Code) is a legal action of a property owner (usually of a building) that defines individual residential and non-residential units, their accessories and parts,...

Why must there be a condominium association? What rules apply to a condominium association?

Pursuant to the Civil Code amendment applicable from 1 July 2020, a condominium association (CA) shall be established, provided it had not been established earlier, by unit owners in a building comprising at least five...