What Legal Support Includes
Legal analysis of a real estate transaction covers careful study of both the property itself and the accuracy of all related documents, including a check for encumbrances. Encumbrances fall into two categories: those reflected in the registry and those not reflected in the registry.
Full transaction support covers every stage:
- Evaluation of the property and verification of the seller.
- Drafting the purchase and sale agreement or reviewing an existing one.
- Signing documents and submitting them for registration.
- Registering the agreement and arranging payment to the seller.
Service Packages
Standard Package
- Consultation with a lawyer.
- Property evaluation and owner identification.
- Drafting documents or analysing existing ones.
Extended Package
- Consultation with a lawyer.
- Property evaluation and owner identification.
- Drafting documents or analysing existing ones.
- Registering the agreement.
- Arranging payment to the seller.
Property Search and Transaction Support
In addition to legal support, we provide a full property search service: apartments, houses, commercial properties, and land plots. We handle property selection, negotiations, contract drafting, and full legal support throughout the transaction.
Purchase / Sale
- Search and viewing of properties.
- Negotiations with the seller.
- Contract drafting.
- Full legal support.
Cost: 3% of the property value, paid by the seller.
Rental
- Search and viewing of properties.
- Negotiations with the landlord.
- Contract drafting.
- Full legal support.
Cost: for a 12-month contract — one month's rent, paid by the property owner; for a 6-month contract — 50% of one month's rent, paid by the property owner.
Legal Due Diligence
Before completing a transaction, we recommend a full legal review of the property. We work with independent real estate appraisal specialists who establish the actual market value of the property before the deal is concluded.
Details: Legal Due Diligence in Georgia
FAQ
Is legal support necessary when buying property in Georgia?
The property registration process in Georgia may seem straightforward at first glance, but without professional verification and legal advice it can have serious consequences for the new owner. We recommend consulting specialists to ensure a clean and secure transaction.
Can I buy property remotely without being present in Georgia?
Yes. You can grant a representative in Georgia power of attorney to act on your behalf. We prepare all required documents and provide legal protection throughout the transaction.
Can I arrange an independent property valuation before purchasing?
Yes, and it is an essential step before completing any transaction. We cooperate with independent real estate appraisers who will establish the true market value of the property before the deal is finalised.