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USABLE, FLOOR AND LIVING AREA.
You’ve probably already encountered the terms usable area, floor area, living area… Let’s make them a bit clearer! Let’s start with usable area. Usable area is the sum of the sizes of the individual rooms. It does not include balconies, loggias, cellars, terraces, etc. Usable area is measured inside the interior walls, but does not […]
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THE IMPORTANCE OF THE RESERVATION AGREEMENT
The main purpose of a reservation agreement (or also a lock-up deposit agreement) is to reserve the property for the buyer. In a properly constructed reservation agreement, the seller agrees to sell the property to the buyer on specified terms and the buyer agrees to purchase the property on specified terms. It is for these […]
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REAL ESTATE TAX IN 2022 (REGISTRATION/DE-REGISTRATION)
Did you buy a property in 2021 or make any changes related to your real estate? Then you have until Monday January 31, 2022 to file your property tax return. This is because anyone who acquired ownership of real estate in the previous year is required to file a tax return. This is even if […]
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A STORY OF THE SALE OF AN APARTMENT IN THE PISEK TOWN IN GREGOROVA STREET
As any real estate agent would say, we love this job because of its diversity. All individual cases are completely unique, because behind each of them there is a story, which of course will be reflected in the deal. And it was no different in the case of the sale of an apartment in Gregorova […]
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WHAT SHOULD I DO IF I AM UNABLE TO PAY MY MORTGAGE?
Nowadays, a significant number of property purchases are paid for with a mortgage loan. In the first half of 2021 alone, banks arranged mortgages in a similar volume as in 2016 and 2017 for the whole year, when the total volume exceeded 225 billion (CZK). Unfortunately, however, not everyone thinks ahead and has a certain […]
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APARTMENTS IN PRIVATE AND COOPERATIVE OWNERSHIP. WHAT MAKES THEM DIFFERENT?
Definition of a housing cooperative A cooperative is a company that has its own statutes and bodies (the highest body is the so-called members’ meeting, others are the board of directors and the control committee). Each cooperative may specify the rights and obligations of its members in its statutes. Members of a cooperative can be […]
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