Legal audit of land plots

The purpose of the legal audit of real estate is a comprehensive legal review of the object of interest for compliance with the requirements of current legislation. Before the acquisition of rights to real estate, the Client must have sufficient information about the history of the transfer of ownership of the object from one owner to another, as well as the grounds on which the Seller owns the object of interest. Legal verification is recommended for any property regardless of its type and purpose of use, whether it is a land plot or an existing capital construction project.

During the legal audit, the documentary history of the property is studied in detail.

Before making a decision about the acquisition of rights is strongly recommended to check the following:

ownership of the property and the grounds on which the Seller owns it;
the history of the acquisition of rights;
at what prices and rates was the sale of real estate;
the history of the target use of the property in the past;
how to change the boundaries of the property;
detailed information about the Owner, including his tax history;
permitted use of the property and its compliance with the planned activities. Conformity of the uses to those presented in the master plan, Project planning or requirements of Land use and development regulations. At the same time, it is recommended to check whether the above projects and plans have been implemented correctly for possible errors in their preparation in order to minimize the risk of further changes in them, for example, on the basis of a court decision;
compliance of the current state of construction with technical regulations and requirements of the law. Availability of requirements and regulations from Supervisory authorities;
compliance of borders of the sold real estate to borders which are registered in the official inventory;
the presence of existing buildings, communications and other real estate. Including the presence of encumbrances on the part of neighboring areas or restrictions on the part of areas with special conditions of use of territories (power lines, engineering networks, security zones, forest lands, the presence of underground minerals in the subsoil, encumbrances from airports, cultural heritage, sanitary and fire breaks, red lines, street and road network, etc.).);
any pre-emptive right to purchase the property by third parties;
any restrictions by third parties;
existing easements, rights of way, lien, restrictive covenants or other encumbrances;
easements, mortgages, loans, long-term or short-term lease and other possible encumbrances;
credit history of the property and its Owner;
ownership structure, subsidiaries of the Owner, and whether they have the right to land;
names of shareholders and managers, their financial position;
possible disputes with banks and creditors;
information in open sources about the owner and property;
other circumstances, such as social, which may be affected by the intended use of the property, or whose interests may be affected;
scheme and conditions for the acquisition of rights by another Owner, for example, is there a risk in the transition of rights to appeal the decision in court;
special conditions of the transaction and obligations of the Seller to prepare the property for sale or warranty;
possible long-term obligations or permanent obligations arising from the purchase agreement;

and much more.