Practical Tips for Investing in Real Estate in Romania: a Case Study
Published in: Romania Property: the Ultimate Guide to Romania`s Real Estate and Construction Market, 2007 edition ()
Written by:Dan Borbely
Article link: pdf/en/articles/Romanian_Property_March_2007_DB.pdf
Publisher:Business Review
Written by:Dan Borbely
Article link: pdf/en/articles/Romanian_Property_March_2007_DB.pdf
Publisher:Business Review
Subject Matter
An investor contemplates acquiring a complex of buildings with the destination of retail & office, erected on a private land, while the exterior parking places are located on a land conceded by the local council.
The lease agreements on both the retail premises and the office premises have already been concluded by the vendor during the construction phase and shall fully come into force (the actual occupancy by the tenants shall occur) after the completion of the construction.
What steps should the investor take before concluding the transaction?