Slide 1: VIP Consult
Legal and Business Consulting
The Process Of Buying Properties In Bulgaria
Slide 2: Stage I – “Reservation Agreement”
• Complete identification of the parties • Identification of the property • Purchase price and payment conditions • (Reservation) deposit amount • Date for execution of Preliminary Agreement
Slide 3: Stage II – Preliminary S&P Agreement
• Complete identification of the parties • Complete identification of the property • Purchase price and payment conditions • Date for execution of the Title Deed • Liability for payment of expenses and other charges • Penalties applicable in case of breach
Slide 4: Stage III – Public Deed of Sale & Purchase • Executed before a Bulgarian Notary Public • Buyers must be present or duly represented • All relevant licenses/certificates listed and attached • Drawn up in Bulgarian language • Mandatory registration with the Tax Authorities and Bulstat
Slide 5: VIP Consult Real Estate Law Services:
• Legal documents check and review • Drafting legal opinions on the deal, the contracts and the counter party • Land status survey of the real estate • Drafting of Building contracts • Help in Obtaining building permission • Assistance in Change of land statute
Slide 6: VIP Consult Real Estate Law Services:
• Drafting of Preliminary Contracts • Drafting of Management & Maintenance Contracts • Rental Contracts and Final Contracts on purchase and sale of real estate • Mediation before credit institutions
Slide 7: VIP Consult Real Estate Law Services:
• Assistance on obtaining compensation in case of non-fulfilment on preliminary or final contracts • Assistance and legal representation in front of Notary Public
Slide 8: Other Related Services
• Properties on request • Investment assistance • Market research • Drafting opinions on the investment opportunities in the sector.
Slide 9: VIP Consult - Contact Details
Head Office 20 Omurtag Street fl 2, apt 8 Varna 9000 Bulgaria Tel./fax: +359 52 603 183 Mobile: +359 887 55 66 32 E-mail: info@vip-consult.net Web Page: www.vip-consult.net Regional Office 86 Pirin Street Bansko 2770 Bulgaria Mobile: +359 896 69 79 71
