Understanding Portuguese Property Law: Key Principles for Buying
Whether it’s next week or next year, you can never be too prepared when it comes to buying property in Portugal. Ensure you are better informed for when the time comes to avoid costly errors.
With over a decade of experience, Dr. Daniel Reis from Reis & Pellicano shares his expertise to help us uncover the legal side of the buying and renting process. Find out what to watch out for and if/when you should seek independent legal assistance.
What amount is expected as a down payment? What checks should you have carried out, and when? At what stage can you still walk away? At what point does your offer become legally binding? These are just a few of the questions we looked at with the expert help of Dr. Daniel Reis.
A popular webinar guest for his jargon-busting abilities, Daniel never fails to assist our community orientate through the legal labyrinth without leaving heads in a spin.
Guest speaker Daniel Reis of Reis & Pellicano International Laywers – https://expatsportugal.com/business-directory/reis-pellicano-international-lawyers/
🎁Expats Portugal Premium Members receive special discounts – see the offers here – https://expatsportugal.com/premium-member-benefits/
00:00 Introduction
03:02 Property reservation agreements
06:49 How properties are advertised & false advertising
14:20 Plots of land & the authorities that oversee them
15:42 Rural properties, habitation licenses & properties built before 1951
17:52 Escrow & money transfers for property in Portugal
21:00 Deed signing day
24:30 Property inspections
27:20 Condominiums – check for upcoming expenses & debts
31:26 CPCV contract – a legally binding agreement to buy/sell
38:01 Advice for constructing & renovating
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