The purchase of a property in Romania, such as an apartment or house, industrial hall, building offices can be made by Romanian citizens, EU member states citizens, as well as foreign citizens. With regard to the right of ownership of land, especially agricultural land in Romania, the law provides certain special provisions regarding their purchase […]
Sometimes, new real estate projects have construction defects that are not even known by the developer. Once the owners come into possession of the apartments, they may discover patent or latent defects and go against the developer during the defects liability period. Such cases happen because the developer didnt take the necessary supervising actions, says […]
Pavel, Margarit & Associates Romanian Law Firm is one of the leaders of the Romanian law market, according to the most prestigious law guide in the world, Legal 500 (London, UK). This is the third consecutive year in which Legal 500 recognizes these lawyers professionalism in the areas of Restructuring and insolvency and Real estate […]
Buying a land for exploitation or for construction in Romania involves a lot of legal research. In some cases, is more difficult to establish the legal status of a plot than the legal status of a building. For instance, many lands in Romania are not included in the cadastral circuit, other lands cant be used […]
Before buying a property in Romania, both the seller and the buyer must ensure that they have all the necessary documents available. Issuing some of the documents takes time and it would be unpleasant to know that some of the documents are missing in the day before the transaction takes place, so that the deal […]
According to the legal provisions, notwithstanding the Civil Code, the consumer has the right to have his debt with all accessories, cleared at no extra cost, by giving in payment the mortgaged property in favor of the creditor, if the parties to the credit agreement do not reach any agreement. To benefit from the settlement […]
The author of the exception argues that the provisions under criticism contravene to the constitutional provisions of art. 44 – Right to private property, art. 53 – Restriction of certain rights or freedoms and art. 148 – Integration into the European Union and the Treaty on legal assistance in civil, family and criminal law concluded […]
The Project is intended to create a complex and comprehensive legal framework regarding credit agreements secured by real estate consumer. The project aims both in the national legislation transposing the provisions of Directive 2014/17 / EU regulation and market specific issues and practice. Also, intermediaries must take into account a wide range of products from […]
Thus, in the old regulation, namely the Law of cadastre and real estate advertising No. 7/1996, it is expressly provided in Art. 24, that: “The promise to conclude a presale purchase agreement for real estate or other rights in relation to it, and deeds of connection and detachment of real estate registered in the Land […]
