Are GARTAL projects encumbered with loans for the financing of their construction?
Like most developers on Czech markets, GARTAL finances its projects with loans from reputable banks. This gives assurance to buyers that the construction does not depend on GARTAL’s fluctuating financial liquidity, coming from funds paid...
How are a mortgage and purchase of an apartment treated, from the point of view of common marital property? What is the procedure in the event of a divorce?
If a property is purchased during a marriage, it becomes a part of the spouses’ common property (“CP”) if the couple is married pursuant to the laws of the Czech Republic. That means that it...
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,...
What is the property tax rate? When is it due?
Every owner of a real property (apartment, house, land) registered as the owner in the Land Register, as at 1 January of the given year, must file a property tax return by the end of...
The following taxes may need to be paid on the transfer of a real property:
Registration in the Land Register is subject to a CZK 2,000 administrative fee. The flat fee is charged for every agreement on the basis of which a transfer takes place, regardless of the number of properties covered by the agreement. For purchases of properties from the GARTAL portfolio, that fee is paid by our company.
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