Real Estate Law
With the exception of few countries (e.g. the Czech Republic), Slovak real estate law deviates substantially from the laws of other EU countries. By way of example, Slovak law does not recognize the rule “superficies solo cedit”, and it also allows a third party to claim at court the determination of ownership against the owner of a real estate who is registered as the owner in the cadastral registry. These are just few examples of the reasons why real estate law should be of acute interest to every entrepreneur who wants to invest in the Slovak Republic. Real estate due diligence should therefore be a part of every acquisition or merger.
Similarly, in case of green field investments, real estate due diligence is a necessary part of the process. We also have experience in representing clients in negotiations with developers, preparing contractual documentation, and supervising over construction proceedings.
The law related to leases and, in particular, leases of administrative, industrial, or commercial (so called non-residential) premises, is very specific in the Slovak Republic. A large volume of strict provisions and uncertain interpretation of laws in this field require a legal review of every lease agreement.
With respect to real estate law, we provide the following services:
- legal due diligence investigation of real estate
- transfer of real estates
- establishment of pledges and other real (material) rights
- drafting and review of lease agreements