Commercial Property Acquisition is a complex transaction requiring in-depth legal Due Diligence. This is especially important when real estate is intended for a specific business, such as a clinic, hotel, factory, or shopping center. Unlike buying a residential apartment, it is critical here to verify not only the purity of title but also land status, zoning, utility availability, and environmental obligations. Investors must know if building reconstruction or profile change is possible. This service protects the buyer from hidden risks and ensures the purchase serves their commercial goals.
Specialists on Legal.ge offer full legal support for commercial property acquisition:
- Legal Due Diligence: Checking property history, liens, mortgages, easements, and litigation in the Public Registry.
- Zoning and Permit Check: Analyzing whether the property suits the buyer's business plans (e.g., can a clinic be opened in a residential zone).
- Purchase Agreement: Drafting a complex contract covering warranties, payment stages, and liabilities.
- Tax Structuring: Planning the transaction to optimize VAT and property tax.
- Lease Audit: Reviewing existing tenant contracts if the property is sold with tenants.
In practice, cases are common where an investor buys land for construction, only to find a main pipeline runs through it or the area is a cultural heritage zone, making construction impossible. Buying privatized objects with unfulfilled privatization obligations is also risky. A qualified lawyer checks all these details before the deal.
In Georgia, real estate transactions are regulated by the Civil Code and the Law "On Public Registry." For commercial property, the Code on Spatial Planning and Construction is also significant. For foreign investors, there are restrictions on purchasing agricultural land, requiring alternative legal structures.
Working with a specialist begins with signing a Preliminary Agreement, giving parties time for audits. The lawyer accompanies the client to the notary and Public Registry until the title is finally registered.
Legal.ge is your partner in the real estate market. Acquiring commercial property is a major investment, and our experts will help ensure this investment is secure and profitable.
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