What a Property Lawyer does?
Property purchase main activities:
— Explaining the property buying process in Italy and providing legal assistance to all subjects involved in terms of the contractual, legal and fiscal aspects.
— Setting up the buying/selling strategy (deal structure) finding tailor made solutions for the specific needs of the client.
— Carrying on the Legal Due Diligence (LDD) on the client behalf; in particular the Lawyer will take the care of all the legal checks of the relevant documentation of the property (title search, mortgage inspections, building compliance, etc.) ensuring there are no obstacles to transfer the ownership right of the property.
— Drawing up as well as/Reviewing the Proposal of Purchase and eventual counter proposals; once the latter approved, drawing up/reviewing the Preliminary Contract and any binding/ancillary contractual documents.
— Managing the process up to final closing, making sure that all the contractual conditions agreed in the preliminary agreement would be fully respected.
— Keeping the client constantly and timely informed (Reporting Activity) every step of the way.
— Informing about the property transfer Tax Planning (taking into consideration the relevant Family Law implications).
— Reviewing the Deed of Sale and any “side private agreement” involved in the transaction.
— Executing the Notarial contracts (i.e. Deed of Sale) on the client behalf based on a Limited Power of Attorney (Proxy Services).