Buying property is a major transaction. The right legal representation protects you and ensures it completes properly.
Step 1: Agree on Terms and Sign an Agreement for Sale
Sets out the price, deposit, closing date, and key terms. Have your attorney review or prepare it before signing.
Step 2: Title Search
Your attorney confirms clear title, checks for encumbrances, and verifies boundaries at the National Land Agency.
Always verify the title. Never purchase property without a proper title search conducted by a qualified attorney. Title issues can be extremely costly to resolve after the fact.
Step 3: Transfer and Stamp Duty
Stamp duty and transfer tax apply — typically shared between buyer and seller. Your attorney handles this.
Step 4: Registration
Registration at the National Land Agency finalises the transfer of ownership.
Common Issues to Watch For
- Sellers without clear title or with outstanding mortgages
- Family land disputes or multiple claimants
- Unregistered transactions from previous sales
- Restrictive covenants limiting how the property can be used
- Outstanding property taxes or NHT obligations
Disclaimer: This article is provided for general information purposes only and does not constitute legal advice. The law can change and individual circumstances vary. For advice specific to your situation, please consult a qualified attorney.