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Purchase of a site - when are we the "real" proprietors?

  • 03-08-2008 12:00pm
    #1
    jgorres
    Registered Users Posts: 106 ✭✭


    Although it is not a real "construction & planning" issue, may be someone can assist us:

    We are two Germans who intend to settle down in Ireland.

    We are currently in the process of purchasing a site.

    Status is:

    - sales contract has been signed (former proprietor and us)
    - money has been transferred to our solicitor
    - transfer dcoument (from the property registration authority) has been signed (former proprietor and us)
    - deed of transfer (form ST.21 from the property registration authority) has been signed (former proprietor and us)

    What are the next administrative steps - if any - we have to expect before we are really the new site's proprietors?

    At what stage is the site "really ours"?

    Thank you for any advice.


Comments

  • #2
    muffler
    Registered Users, Registered Users 2 Posts: 46,326 ✭✭✭✭muffler


    I'll move this over to the legal discussion forum


  • #3
    Victor
    Registered Users, Registered Users 2 Posts: 78,495 ✭✭✭✭Victor


    "- sales contract has been signed (former proprietor and us)" - its your's at whatever date is specified in the contract (not the date the contract is signed).

    Often no date is specified and its for the existing owner to move out.

    Make sure you have your insurance set up.


  • #4
    jgorres
    Registered Users Posts: 106 ✭✭jgorres


    @muffler: Thanks for moving to the correct forum.

    @Victor: Which kind of insurance do you recommend?

    In our case no date is specified - when is it ours?


  • #5
    Victor
    Registered Users, Registered Users 2 Posts: 78,495 ✭✭✭✭Victor


    "@Victor: Which kind of insurance do you recommend?" - you will probably need Occupiers Liability and Public Liability - you need to talk to an insurance company or broker to decide what is right for your circumstances. http://www.goldenpages.ie/displayhome.ds

    "In our case no date is specified - when is it ours?" - you need to take this up with your solicitor.


  • #6
    nuac
    Registered Users, Registered Users 2 Posts: 6,769 ✭✭✭nuac


    Your solicitor gives the sellers solicitor the balance of the purchase money and gets the executed transfer in return. You are then the full owner. Your transfer has to be stamped and be registered in the Property registration Authority so that you can prove your ownership later.


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