What makes accommodation units and studios specific?
Studios are categories of non-residential units that have all the attributes of an apartment – i.e., bathroom and toilet, kitchen corner, but for reasons of hygiene regulations (noise limits, level of lighting), they cannot receive...
What is the difference between individual and co-operative ownership?
In the case of co-operative ownership, the purchaser owns a share in a housing co-operative, which guarantees him a right to enter into a lease agreement for an apartment, i.e., the right to use a...
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,...
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...
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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