The legal certificate showing the immovable’s current status (land and building, vacant lot) is an essential document for any purchase. This certificate will demonstrate if the immovable is encroaching or suffering from encroachment, and if there are any easements affecting it. For these reasons, it is strongly recommended that you obtain a legal certificate when purchasing a property, whether it’s a constructed site or a vacant one.
A company’s administrators may be held personally responsible for environmental problems caused by the contamination of an immovable prior to its acquisition, whether or not they even knew about the problem.
A commercial lease must be published in the applicable land register in order to notify any subsequent buyer of the fact that it is bound by that lease.
The Securities Act applies to all businesses, both public and private, so it’s important to verify that every title is issued and transferred according to the provisions of the law.
When a seller of an immovable fails to follow up on an accepted offer of purchase, you can bring an action in execution of title and preregister your right in the land register to prevent the immovable from being sold to a third party.