Contracts for buying Czech property
When you buy a property in the Czech Republic, you will sign several contracts with the estate agency or seller. These will include a reservation agreement, the precontract and the deposit agreement. It is vital to seek legal advice before signing any documents when purchasing real estate.
Reservation agreement
The first step is signing a reservation agreement which establishes the obligation of the seller not to sell the apartment to another person ...
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Buying your own home is an unforgettable experience. When it comes to home purchases many people have the tendency to lead with their emotions which ...
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Mortgages aside, there are lots of alternative methods of financing your property available to you.
Cash. It is the most obvious and simple way ...
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Decide what you want to do with your property
First you need to decide whether you want to let it for a fixed but short term period or have several ...
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In today’s tough real estate market and competitive scenario, selling your property in the Czech Republic is very hard. Nowadays there are more ...
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In the free market, the parties may negotiate any period of contract. If no period is mentioned the contract is valid for an indefinite period. The contract must be in writing.
Cancelling the contract
It may be cancelled by the tenant at any time by giving three months’ written notice, without stating a reason. The landlord can only cancel the contract for a serious reason. It is common to conclude free-market leases for rather short periods, usually for one year or two. If the tenant won’t ...
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Here are some of the possible pitfalls you may encounter.
Overstretching your finances. It is important to realize your financial abilities and ...
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Property management companies are the middlemen who broker most transactions in the “grey” area.
Estate agents' fees
By law, their fees are meant ...
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If you have decided to sell your property in the Czech Republic, you are most likely to face huge amount of problems. The process itself can become ...
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