THE GENERAL LEGISLATIVE FRAMEWORK GOVERNING REAL ESTATE MANAGEMENT AND CONSTRUCTIONS IN GREECE REAL ESTATE PURCHASE AND SALE AGREEMENTS

THE GENERAL LEGISLATIVE FRAMEWORK GOVERNING REAL ESTATE MANAGEMENT AND CONSTRUCTIONS IN GREECE

REAL ESTATE PURCHASE AND SALE AGREEMENTS 

The acquisition of real estate property in Greece is subject to the following formalities:

Legal investigation of the ownership titles held at the Land Registry or the Mortgage Registry;

Investigation of the applicable construction terms (with respect to plots of land);

Execution of a notarized deed of transfer and conveyance thereof to the Land Registry or Mortgage Registry.

PROFESSIONAL REAL ESTATE LEASE  

In Greece the protection of professional lease is governed by PD 34/1995.

The minimum term of ay professional lease is 5 years, even if the lease agreement is executed for a shorter term. Upon lapse of the 5-year term, the Lessee is liable to indemnify the Lessor, otherwise the lease is extended for 3 additional years.