Legal aspects of buying and renting country real estate

Legal aspects of buying and renting country real estate

Buying and renting country real estate involves compliance with certain laws and requirements that you need to know about. The first thing you should pay attention to is the legal status of the land. Make sure that the land has the required purpose (residential, horticultural, etc.) and there are no encumbrances that limit your ability to use it for its intended purpose.

When buying a country house, it is important to study all the documents related to the property: a certificate of ownership, a technical passport of the house, a certificate of no debt on utility bills. The transaction is registered in Rosreestr, where you will need to pay a state fee.

When renting, it is also important to consider the terms of the contract. Make sure that the contract includes all important aspects: the lease term, the amount of rent, the payment procedure, the rights and obligations of the parties. If you are renting a house for a long term, it is recommended to draw up a written contract that clearly spells out all the details.

You should also pay attention to taxes. Depending on your property, you may be required to pay property tax or rental income tax. Therefore, it is very important to consult a lawyer to avoid possible problems and disagreements with the law. Awareness of legislative aspects will help you avoid mistakes and make the process of buying or renting real estate safer.

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