Rules of buying property in Montenegro
This is an automatic translation.
Click here to read the publication in the original language.
Rules of buying property in Montenegro
Many agencies and private owners, knowing the dislike of Russian buyers for paperwork, first promise that the design will pass without problems. However, there are rules for buying real estate in Montenegro, and it is undesirable to violate them - in order not to create inconveniences in the future. It's not just about legislation. Do not forget about the formed principles on which to act.
So, all of Montenegro's real estate is private property. Foreigners and local residents have approximately equal rights and obligations for housing transactions. In this case, legal entities that do not have the status of a resident can also acquire a business premises.Rules of buying property in Montenegro: preparation
Before negotiations on the purchase and sale of housing is worth checking whether it is possible to build on the site. The fact is that even the building itself is often unregistered, be careful.
Acquire a piece of land without a building is entitled only to the legal entity.
If you acquire a secondary real estate, it is better to order an independent examination.
You can issue a preliminary contract by paying a deposit in the amount of 10%.
Rules for the purchase of real estate in Montenegro: the contract
Be sure to indicate the calculation period. Usually it is a period of 4 to 6 weeks. Remember that in case of breach of obligations, fines may be applied to you.
If the seller changes his mind about selling you an object, he returns a two-time deposit.
If you refuse to purchase a booked object, the deposit remains with the seller.
Banking and settlement operations
To pay for the property in Montenegro, you will need to open an account with any Montenegrin bank. The possibility of using any currency other than the euro is excluded.
You can be calculated in cash, but the amount must be withdrawn from this account.
The seller of a house or apartment in Montenegro leaves you a receipt for the receipt of funds.
Non-cash payment is accompanied by a package of supporting documents.
The contract is concluded in the Main Court (notaries are not here)
Real estate registration in Montenegro
About 2 months (more often more) the registration takes place.
You have to pay a 250 euro fee.
3% of the tax is to secure the deal
Once your name appears in the registry, you receive the documents for the object as the owner.
As you can see, the rules of buying a property in Montenegro are pretty simple, but there are options that depend on how you interact with the seller of the apartment.
This is an automatic translation.
Click here to read the publication in the original language.
