Property Law in Slovakia
Property Law in SlovakiaUpdated on Tuesday 28th March 2017
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The property market in Slovakia is an open one, meaning that any individual is able to acquire real estate in this country if they can afford it. Nobody, no matter what his or her citizenship is, is discriminated by the Property Law in Slovakia.
Our lawyers in Slovakia advise you to request, however, legal advice before making such an acquisition in this country, in order to make sure you are making a safe and protected acquisition.
Buying property as a foreign citizen in Slovakia
As mentioned above, since Slovakia has joined the European Union, any foreign citizen can buy property in this country, no matter whether it is a city condo, a countryside house or a mountain cottage.
The exception to this is represented by agricultural and forest land. Under the Law of Protection and Use of Mineral Wealth, foreign citizens are not allowed to buy or receive this type of property as a gift.
It is, though, possible for foreign individuals to buy or receive as a present, agricultural and forest land since 2007, if the potential buyer undertook business on that land for at least three years and has obtained temporary residence in the country. Our Slovak lawyers can provide you with more details on this matter.
Also, under the property laws in Slovakia, legal entities which have been registered in Slovakia are considered to be residents of the country, as well. Therefore, they can acquire agricultural or forest land without having any restrictions.
Renting real estate in Slovakia
The rapport between a landlord and a tenant in Slovakia is regulated by the Civil Code.
According to the Slovak Civil Code, the real estate owners (the landlords) have to sign the agreement between him or her and the person who rents the property (the tenant). A valid real estate title that depicts the property characteristics and identifies the owner/s has to be attached to this contract. Our solicitors in Slovakia may offer further information on this subject.
The Slovak property law also stipulates the tenant’s obligations, mainly that of vacating the property and paying rent to the landlord.
The landlord can demand an eviction if the tenant refuses to vacate the real estate. If the tenant does not pay the rent in a certain period of time, the landlord can sue him or her, and a court may oblige the tenant to return the rent.
If you would like to know more about the Property Law in Slovakia, or need assistance in buying or renting property in this country, please contact our law firm in Slovakia.