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 Bulgarian housing Acts 14,15 & 16

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PostSubject: Bulgarian housing Acts 14,15 & 16   Fri Feb 27, 2015 10:45 am


I am looking for some information and advice.

I am considering a property that has a large area of land - the land has a building on it.

The building has no official (or has not been officially requested) to comply with Acts 14,15 &16.

My question is - how much will it cost (assuming the building is sound) to make it comply with these requirements?

Any ideas - guesstimates gratefully received.

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PostSubject: Re: Bulgarian housing Acts 14,15 & 16   Fri Feb 27, 2015 11:27 am

Well first of all is the land registered as land for a house to be built on? or is it Agricultural land ?

Some checks to be carried out when buying a house:

1) Check the documents - do not compromise with the number, dimensions and size of the buildings and land plots if you spot differences in the title deed („нотариален акт“), the sketch map (skitsa, “скица”), the Tax Evaluation Certificate („данъчна оценка“) and the real status of the property. Basically the sketch map must reflect the title deed:

a. Be cautious if there are unsettled bills for the planning („неуредени регулационни сметки“) regarding the plot of land;

b. Be cautious in cases of Construction Tolerance Certificate („удостоверение за търпимост“) or the lack of it;

c. Bear in mind that the admissible difference in the size of the property as stated in the documents and the real size of the property is 10%.

2) Check the type of the plot - if the plot of land is agricultural („земеделска земя“) or residential (regulated plot of land, „урегулиран поземлен имот“, „УПИ“) and in what type spatial zone it is located;

3) Check the type of the building – is it solid-built, semi-solid or frame-built? Bear in mind that lofts and basements are not detached properties, they are adjacent to the apartments and cannot be sold separately; check if the shop you are about to buy is listed as such (some garages could be converted into shops but it is likely this change have not been entered in the Cadastre Office);

4) Check the legal status of the sellers:

a. If the property is hereditary – are all the heirs present in the succession certificate and upon signing the preliminary/final agreement;

b. Is the property held in community of property regime and if so, is the other spouse present upon signing the preliminary/final agreement? Did the other spouse give his/her consent in cases of individual property sale;

c. Check the representative powers – is there a valid POA in case of private property sale? Who are the legal company representatives and is there a company decision for the sale of company property;

5) Are all documents valid and up-to-date;

6) Are there any burdens, mortgages, foreclosures, pending court disputes, third parties rights, etc. regarding the property?;

7) Are there any outstanding liabilities regarding the property such as taxes, utility bills, etc.

The above list is not exclusive. Additional checks may apply to your particular circumstances.
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