Real estate ownership transfer

Aug 16, 2021

Ownership of immovable property may neither be transferred on condition nor with the reservation of a time limit. Where a contract obliging to transfer ownership was concluded on condition or with the reservation of a time limit, an additional agreement between the parties comprising their unconditional assent to the immediate passing of ownership shall be required to transfer the ownership.

A contract obliging to transfer ownership of immovable property shall be executed in the form of a notarial deed. The same requirement shall apply to a contract transferring ownership which is being concluded in order to perform a previously existing obligation to transfer ownership of immovable property; the obligation shall be indicated in the notarial deed.

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