It is not enough to have an apartment to be considered its owner. A simple procedure for re-registration of real estate will allow you to not only appear, but also be an owner. To whom, why and for how much - after reading our article, these questions will no longer bother you.
For what reasons might you need to re-register real estate?
The first thing that comes to mind is this pleasant process when, with your hard-earned savings, you can afford to buy a long-awaited apartment or house. But signing sales contract This is far from the only situation in which you will need to re-register real estate.
Everyone loves gifts, especially if they boast 0% taxation. A deed of gift for an apartment, house or plot will be an excellent way to transfer your property into the possession of your closest relatives without additional material costs and red tape. This option can be used by children and parents, brothers and sisters, husbands and wives.
With relatives, but not in such a joyful way, the next option is also connected, in which you will need to register ownership. Inheritance of real estate occurs after the death of its owner or co-owner and can develop according to several scenarios:
- property rights by will - the presence of a will greatly simplifies both your life and the work of a notary because the previous owner of the property himself made the decision about who can hope for what after his death
- property rights by contract - older people who do not have relatives tend to sign a lifelong maintenance agreement or an inheritance agreement. Its essence lies in the fact that a “good Samaritan” who takes care of his ward can count on considerable gratitude in the form of square meters
- property rights according to the law - it is not always possible to prepare for parting with earthly life and draw up a will in advance. In this case, when determining heirs, the degree of relationship is taken into account
The exchange can occur both between relatives and between the buyer and seller. In the second case, re-registration may also be required if we are talking about assignment or sale of real estate by investor before it is put into operation. In a situation where relatives cease to be such, when two hearts no longer beat in unison, and former feelings have long been covered with a crust of ice, property is distributed between the former spouses with or without the help of the court.
Closer to the point - take a calculator and do the calculations
Don't shock your wallet with unexpected expenses. It’s better to calculate all the points in advance, prepare and figure out which of the “non-free” services you really need.
Re-registration of real estate requires complex expenses:
- private or public notary services
- sales tax (can be divided in half or paid by one of the parties by prior agreement)
- state duty of 1% of the value of the property (not charged when re-registering to a relative)
- property valuation (from 1 UAH)
- fee for the services of the body you contacted (real estate agency, notary, CPAU)
Property valuation is not always necessary, so you can save money on it. You will have to spend more if we are talking about real estate in a prestigious and expensive area or a new residential complex with a high level of amenities. The difference between private and public notaries will also affect the final cost of re-registration. The services of the former will cost an average of $150, and cooperation with the latter, although cheaper, can take a long time.
If you want to save a little over 5 thousand hryvnia on notary services, you will have to immediately discard this idea. No half-certified receipts or sincere phrases in the spirit of “I swear to my mother” can become an alternative to the official re-registration of real estate. Only a notary has the right to make changes to the state register of Ukraine, thus legally confirming that you are the owner of real estate.
