Mondaq All Regions - Czech Republic: Real Estate and Construction
Tranio
If the Senate of the Czech Republic approves the bill submitted by the country's Ministry of Finance, buyers will soon be paying the real estate purchase tax that was previously shouldered by sellers.
Schoenherr Attorneys at Law
On 13 December 2011, the new European Directive No. 2011/92/EU on the assessment of the effects of certain public and projects on the environment (hereinafter as the "EIA Directive"), which codified the previous regulation, entered into force.
Schoenherr Attorneys at Law
The new Civil Code as part of the re-codification of Czech private law became effective as of 1 January 2014.
Schoenherr Attorneys at Law
The Supreme Court of the Czech Republic has expressed its opinion on the practice of real estate agents with respect to so-called reservation contracts.
Schoenherr Attorneys at Law
Please briefly describe the main laws that govern real estate in the Czech Republic.
Schoenherr Attorneys at Law
The construction of new buildings or the reconstruction of existing buildings, especially in dense urban areas, is almost always connected with the risk of causing damage to third parties. It is therefore important for the builder (contractor or property developer) as well as subjects exposed to potential damages (especially owners and users of adjoining buildings) to know the statutory conditions of liability for damages and related rights and obligations.
Schoenherr Attorneys at Law
A bill amending the Act on Entries is before the legislature.
CMS Cameron McKenna LLP
On 19 September 2012, the Chamber of Deputies (the Lower House of the Czech Parliament) overrode by a slight majority (105 members out of 200) President Vaclav Klaus’ veto to the amendment to the Energy Management Act (406/2000 Coll.).
CMS Cameron McKenna LLP
Most real estate transactions in the Czech Republic are made by acquiring the shares or ownership interests in property-owning companies.
CMS Cameron McKenna LLP
On 19 July 2012 the Senate (the Upper House of the Czech Parliament) passed an amendment to the Energy Management Act (No. 406/2000 Coll.).
CMS Cameron McKenna LLP
A new amendment to Act No. 265/1992 Coll., On the Registration of Ownership Rights and Other Rights to Property (in Czech: "Zákon o zápisech vlastnických a jiných věcných práv k nemovitostem") came into force, effective from 1 January 2012.
Havel, Holásek & Partners s.r.o.
Act No. 183/2006 Sb., on landscape planning and building regulations, in effect as of 1 January 2007 (the "Building Act"), has introduced the concept of an "authorised inspector".
CMS Cameron McKenna LLP
Good faith buyers of real estate are protected from invalid transfers between previous owners and as such will retain their , according to a recent decision by the Constitutional Court.
Schoenherr Attorneys at Law
In almost every due diligence involving real estate in the Czech Republic, several legal issues emerge which are crucial for the existence (or non-existence) of ownership or other rights regarding real estate established in favour of certain subjects.
CMS Cameron McKenna LLP
New rules may be introduced for enabling agricultural land to be used for non-agricultural purposes – typically, the construction of buildings.
Schoenherr Attorneys at Law
With the passing of the transitional period, and based on the Czech Republic’s commitments resulting from the Treaty establishing the European Community, there are no more useless limits on foreigners who want to acquire real estate in the Czech Republic, with the notable exception of agricultural land and forests.
CMS Cameron McKenna LLP
On 2 November 2009, the concept for the new Prague development plan was published.
CMS Cameron McKenna LLP
Legislation to make it easier for foreigners to buy real estate in the Czech Republic has still not been implemented.
CMS Cameron McKenna LLP
From 1 March 2009, rights to obtain information from the Cadastral Register will become more restricted.
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Tranio
If the Senate of the Czech Republic approves the bill submitted by the country's Ministry of Finance, buyers will soon be paying the real estate purchase tax that was previously shouldered by sellers.
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