Kinnisvaratehingus

Kinnisvaratehingus refers to a real estate transaction in Estonian. This encompasses any legal process involving the buying, selling, renting, or leasing of immovable property. Such transactions are governed by Estonian law, primarily the Law of Property Act and the Law of Obligations Act, which outline the rights and responsibilities of all parties involved.

A typical kinnisvaratehingus begins with an agreement, often a preliminary contract, where the buyer and seller establish the terms and conditions of the deal, including the price, payment schedule, and possession date. This is usually followed by the signing of a formal sale and purchase agreement, which must be notarized to be legally valid. The notary plays a crucial role in verifying the identities of the parties, ensuring the legality of the contract, and explaining its implications.

After the contract is signed and notarized, the ownership transfer is registered in the Estonian Land Register (Maa-amet). This registration is essential for establishing legal ownership and protecting the rights of the new owner. Various taxes and fees, such as the state fee for registration and potentially property transfer tax, are associated with completing a kinnisvaratehingus. The process can also involve mortgage registration if financing is obtained through a loan.