KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER CZECH REPUBLIC LAW I.

Types of Real Property Transactions -

a) Purchase of an undeveloped plot of land

b) Purchase of a developed plot of land

c) Purchase of a building (that is not part of plot of land)

d) Purchase of a flat

e) Purchase of a right to build

f) Through a share deal with a corporation that purchases and sells the real estate

- Note: The right to build is right in rem related to a plot of land consisting in a right to have an overground or underground structure whether yet existing or future. It is considered according to Czech law as an immovable asset. There is a special regulation regarding this new institute which has been incorporated into the Czech law since 1 January 2014. A detailed description of this institute exceeds the scope of this article; however, it could be useful in some cases. We will gladly provide more detailed information upon request....