Taking possession of the property: what to look out for?
When buying or renting a property, the transfer of possession is one of the most important steps in the process, as it is when the ownership or right of use is transferred. However, many people do not pay enough attention to the details of this step, which can lead to disputes later on. In this article, we have put together a list of things to pay particular attention to when transferring possession of a property to ensure that the transfer is problem-free and legally sound.
What is surrender of possession?
The transfer of possession is the transfer of ownership or use of the property to the buyer or tenant in a legally orderly manner. This can be done in writing or orally, but in all cases it is recommended that it is formalised in a contract. After the transfer of possession, the property is legally in the possession of the new owner or occupier.
What to look out for before transferring the property?
- Status transfer:
- Check the condition of the property.
- Preferably take photographs or video footage of the property in its current state so that you have evidence at the time of handover.
- Minor errors and omissions:
- Make a note of any errors or omissions
- Equipment and accessories:
- Check that all agreed equipment and accessories are present (e.g. keys, fixtures).
- Documents and contracts:
- Make sure you have all the documents you need to take possession of the property (technical specifications, handover report).
The process and documentation of the transfer itself
- Draw up a handover report:
Record in writing the condition of the property, any defects found and any agreements reached. This will make it easier to settle any disputes later. - To take photos and videos:
Any photos or videos of the state of the property can be attached to the handover document. - Hand over keys:
Make sure that all the keys you need have been handed over and that the opening of the property goes smoothly.
What should you look out for after the transfer?
- Signature of the handover protocol
- To avoid future disputes, ask for a copy of the minutes
- Check the condition of the property regularly in the future
Summary
During the handover process, it is essential that you go through all the details and put them in writing. This will protect you from any legal problems and ensure that the property has been transferred legally and without any problems.
You can also find such a handover report on our website here: https://www.drokros.com/letoltheto-anyagok/
