How not to buy a “cat in a bag” in the real estate transaction process?

When closing a real estate transaction, whether you are a buyer or a seller, the most important thing is to find out all the details related to the property. This will avoid problems related to misunderstandings or dishonest behavior of one party. It is convenient to use various e-services for searching information. Information about useful e-services that can help in the purchase of real estate is collected on the website mana.latvija.lv in the life situation “Purchasing and selling real estate”.

Land registry and cadastral information

Before buying real estate, you must make sure that it is registered in the Land Register and also about the composition of the object of the transaction, that is, whether the seller is the owner of the entire property, or perhaps the building on the land belongs to someone else. You can also check in the Land Registry whether the real estate has not been mortgaged, rented or leased to a third party. This aspect is essential, taking into account that the rights recorded in the Land Register, including the lease agreement, will also be binding on the new owner. You can check whether the property is registered in the Land Registry for free on the portal http://www.zemesgramata.lv in the “Search for property” section, but if you need more detailed information, you will have to pay for it. On the other hand, on the Kadastrs.lv portal, it is possible to view information on real estate throughout the territory of Latvia. The portal provides technical information on real estate objects, cadastral map, spatial data on land and buildings, as well as encumbrances, in accordance with the Law on Guardrails and other regulatory enactments. General information is available free of charge on the Kadastrs.lv portal.

What do you need to know about buildings and structures?

If the plot of land has already been built, it is desirable to verify with the building authority that it is not an arbitrary construction and that it has been coordinated in accordance with the regulations. It must be ascertained whether it has been put into operation and whether the construction has been carried out in accordance with the construction project of the building. Before concluding the transaction, it is advisable to invite a specialist to assess the technical condition of the property. If you detect significant defects or damage to the property in time, you may be able to negotiate with the seller on a reduction in the purchase price. If you buy a building that has not been put into operation, it may turn out that the building was built in violation of the red lines or too close to the neighbors, which means that either this building must be demolished or a new detailed plan must be developed in coordination with the building authority and neighbors. which can be complicated. See the full version of the article on the website.