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Essay / Research Paper Abstract
This 5 page paper outlines the considerations that need to be made when buying a property in the UK and compares this to the basic model of a legal purchase in Greece. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEbuyprop.rtf
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Unformatted sample text from the term paper:
for the buyer to prove who they are, for the legal representatives to check the property belongs to the seller, draw up a sales contract and complete the sale. If
we simplify this process in Greece there are several stages, the buyer needs to have a Greek tax number, a Greek bank account, and use a Greek lawyer. There has
to be the consulting of an accountant. The Greek lawyer conducts searches on the property and draws up the sales contract, the documents have to be in Greek and will
conclude the sale. It is worth noting that in Greece ownership also depends on the need to maintain and care for a property. Leaving a property empty for many years
may result in the loss of the property to someone who decides to move in and look after it. If we look at the UK there is a different
approach, the concept of losing a property because you do not care for it and leave it empty is alien, as such the legal process of buying a property reflects
this difference. In the UK adverse possession has always been difficult and with the Land Registration Act 2002 the owner has to give permission, which means, in practice, this does
not occur. In the UK title to the land is reflected with a title document. A Land certificate is prepared by the
Land Registry when an estate, either freehold or leasehold is registered for the first time. This certificate will contain all the relevant information concerning the title that is being registered.
However, the certificate is not deemed to be proof of ownership, the proof of ownership is the entry on the land register. The certificate is available to the owner of
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