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Real Estate Purchase Agreements

Author

Listed:
  • Bujorel FLOREA

    (Facultatea de Științe Juridice, Politice și Administrative București, Spiru Haret University; Attorney-at-Law, Bucharest Bar)

Abstract

The study presented herein represents a field with good present and future perspectives, especially because real estate property is not under the incidence of a single normative act regarding the sale-purchase agreement of such goods, and given the fact that there are specific legal provisions with respect to various real estate categories and the localization of such property. The article deals with the sale-purchase agreement of various real estate categories, such as fields, buildings, the correspondent lots, urban area, farm, and forests fields, focusing on some particularities. A special care is attributed to examining the applicable laws with regard to the purchase agreements of field lands, the special conditions to be taken into account, the persons that may act as buyers, including foreigners, those without citizenship, and legal persons of a nationality other than Romanian. Finally, a special concern is given to the formalities required for legally exerting the pre-emptive right and the applicable sanctions in that respect.

Suggested Citation

  • Bujorel FLOREA, 2016. "Real Estate Purchase Agreements," Law, Society & Organisations, Romanian Foundation for Business Intelligence, Editorial Department, issue 1(1), pages 21-26, November.
    • Handle: RePEc:cmj:lawsor:y:2016:i:1:21-26
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