In Italy real estate ownership is very widespread and is recorded in the real estate registers kept at the provincial offices of the Territory. The verification of the ownership of a property takes place through the inspection of real estate registers, which is the most important operation among all those that must be carried out before starting any manifestation of interest on any property.
Our experience and our connection with real estate registers allows us to offer our clients an excellent legal due diligence service on properties located throughout the Italian territory: we are able to offer reports in two languages and certified by a notary public.
What are real estate reports?
Real estate reports certify the ownership, identification and legal marketability of the property. They collect all the information that it is good for the buyer to know before proceeding with the purchase, also helping to speed up the time of purchase and sale, as they allow to collect useful information for the transaction. The report contains certain and reliable data based on the inspections carried out by the notary in the real estate registers and the preventive legality check carried out by the notary himself, who signs and certifies the report.
In particular, a real estate report includes:
To take over information on properties located in the Italian territory in order to verify their ownership
To check whether the property has any prejudicial criticalities that could limit its legal enjoyment or limit its value, or make it difficult to sell (e.g. mortgages, foreclosures, liens, court rulings)
Transfer of ownership
To verify the regularity of transfers of ownership of the property and the continuity of records on property registers. In fact, every property transfer must be registered and transcribed on the property registers and failure to transcribe a property transfer determines the ineffectiveness of the transcriptions of all subsequent transfers
Check out to our Guidelines to find out more