Romania Jan 31, 2023
by dash212
What documents are required to purchase a property?
To purchase a property in Romania, the following documents are typically required:
- Identification documents: You will need to provide proof of identity, such as a passport or national ID card.
- Proof of ownership: This could be a title deed or other official documentation proving the seller is the rightful owner of the property.
- Power of attorney: If the buyer is not able to be present for the sale, they may appoint a representative with power of attorney.
- Sales contract: This is a legally binding agreement between the buyer and seller that outlines the terms of the sale.
- Tax declaration: The buyer must declare the sale to the tax authorities and pay the relevant taxes.
- Notarization: The sales contract must be notarized by a public notary to be legally binding.
- Registration with the Land Register: The transfer of ownership must be registered with the Land Register to be recognized by the state.
These are the basic requirements for purchasing a property in Romania, but specific requirements may vary depending on the property and the circumstances of the sale. It’s important to consult a legal expert for guidance to ensure the process is carried out correctly and in compliance with Romanian law.
For international buyers looking to purchase a property in Romania, the following documents are typically required:
- Passport or other valid form of identification
- Proof of income and financial stability
- Proof of residency outside of Romania
- Power of attorney, if applicable
- Proof of ownership transfer funds, such as bank statements or other financial documents
- Purchase agreement, which should be translated into Romanian and notarized
- Tax identification number (CNP) or equivalent for both the buyer and seller
- Proof of payment of taxes and other fees associated with the purchase of the property
- Proof of ownership of the property, such as a title deed or other documentation from the Romanian Land Registry
It is important to note that requirements may vary depending on the specific circumstances of the transaction and the location of the property. It is recommended to consult with a legal professional who is familiar with the Romanian real estate market and laws to ensure that all necessary documents are obtained and all legal requirements are met.