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Italy: Where would you buy in Italy?:
Puglia is still proving to be one of the best places to buy and there are plenty of cheap renovation projects available. Try to stay close to the Valle d'Itria or Lecce rather than Taranto if you want to make the most of the growth in tourism and culture. Matera in Basilicata has been named European CIty of culture 2019 so this is a good place to research too.
Wherever you buy be aware of all the risks and get a lawyer to check the property and planning laws thoroughly as they will not be highlighted by the estate agent. Your lawyer can also advise on safe locations and reliable contractors and surveyors. Visit our website for free advice and info.
De Tullio Law Firm
Italy: Inheritance law changes:
Good morning,
here http://italiansolicitor.co.uk/choose-your-law-action-should-be-taken-now-to-benefit-from-the-new-2015-european-inheritance-rules/ you can find all the relevant information. Hope it helps.
De Tullio Law Firm
Italy: Italian bank account, paying bills:
Do you have an English speaking Italian lawyer? If not please feel free to contact De Tullio Law firm, we are happy to answer initial queries over the phone and if see if we can assist. Check our website online and send through your enquiry.
De Tullio Law Firm
Italy: security:
Hi, my family have the house in the country in Puglia secured round the clock Blu Vigilanza and the cost is about 550e a year. I would highly recommend it as you can be a sitting target otherwise.
Charlotte
De Tullio Law Firm
Italy: Buying a property in Italy:
Hello, in reply to all your questions I would strongly suggest a bilingual lawyer who can not only advise you on Italian law but also translate all documents, liase with the local authorities on your behalf regarding renovation guidelines and overall protect your interests.
At De Tullio we can cover all bases for you when embarking on a property purchase or project.
Visit the De Tullio Law Firm website where we have answered all of the most common questions. You can find our contact details for more personal advice.
De Tullio Law Firm
Italy: U. S. Social Security, is it ever taxable?:
Hello,
The process of becoming a resident and the best time to do it can vary and it is best to discuss all your concerns with a legally qualified professional who speaks your language. If you are planning to buy a property and move here full time you will find it invaluable to have someone to consult all on matters. The cost of making a mistake is just not worth it.
If you would like to speak to someone about your situation please search De Tullio Law firm and get in touch with us directly for advice.
De Tullio Law Firm
Italy: Italy or Bust -- finalmente!:
Congratulations for your decision.
I believe it might be ofyour interest reading our Property buying guide http://www.detulliolawfirm.com/wp-content/uploads/2015/02/A-Guide-To-Buying-Property-in-Italy.pdf or watching our video on preventible mistakes when buying a property in Italy https://www.youtube.com/watch?v=O2RVlztGkLo.
Regards
De Tullio Law Firm
Italy: ongoing property taxes:
Hello Jergirl,
probably it's a bit too late, however you may find it useful reading our article on Municipal taxes on Italian property:
http://www.detulliolawfirm.com/new-municipal-taxes-concerning-italian-properties-2/
Regards
De Tullio Law Firm
www.detulliolawfirm.com
Italy: U.S. Pension and Italian Taxes:
If you are looking for advice regarding your move to Italy it is strongly advised to consult with an English speaking legal professional for all matters. If neccessary they can put you in touch with the best tax lawyer or accountant and translate documents.
Search our website De Tullio Law firm for more information and guides, or get in touch directly.
De Tullio Law firm
Italy: Property Selling Issues:
The first stage is to put the property on the market, either directly or though an estate agency.
If you are considering appointing an Italian real estate agent, it is important to ensure that the agent is qualified and registered with the local Chamber of Commerce in full compliance with Italian law. Legislation governing real estate agents aims not only to guarantee the professional qualification of real estate agents but also to ensure the agent has compulsory indemnity insurance, which is in the best interests of the client.
Should the agent not be registered, he/she could be prosecuted for carrying out a reserved activity
and may not be legally entitled to request commission.
The estate agent is usually paid commission (Provvigione) both by the buyer and the vendor.
Frequently, real estate agents require a foreign seller to sign standard terms of engagement, which should be carefully evaluated before signature. All the more so if the document is drafted in Italian.
Once a potential buyer is considering the purchase of your property, the buyer will generally sign a first legally binding document called a “Proposta Irrevocabile d’Acquisto” (Reservation Offer). Often a small depositis made to the seller at this point.
The reservation offer should be signed by both buyer and seller.
There are also subsequent stages such as:
- The drafting of a Preliminary Contract (“Contratto Preliminare di Vendita”). At this stage, the seller must ascertain that all the statements contained in the preliminary contract are true to the best of his/her knowledge, that no false statements have been made, that full disclosure has been given and that the specific enquiries raised by the buyer have been answered truthfully.
Usually at this stage, the buyer makes a deposit, ranging from between 10% and 30% of the total sale price of the property.
Italian law states that both parties to a prospective transaction must act in good faith. Prior to exchange of a preliminary contract, the seller must provide the buyer or their legal advisers, with copies of all documentation relating to the property, and inform the buyer of any material fact which may affect the buyer’s decision to proceed with searches and the purchase of the property.
It is important to ensure that the property complies with any applicable planning and building regulations. Breach of this legislation may result in the annulment of the preliminary contract and the seller may incur hefty penalties.
The Public Notary will require the certificate of habitability to draft the deed of sale for the property. Without this certificate, the sale of a property cannot proceed, unless the buyer accepts, in writing, to purchase a property lacking a certificate of habitability.
The preliminary contract should reflect all disclosures. Any outstanding payment of taxes should be disclosed as well as any remedied and or unremedied breaches or notices served by relevant authorities.
The third and final stage of selling a property in Italy is the completion of the sale. This usually takes place in the offices of a local Public Notary (Notaio).
All parties have the legal duty to provide the Public Notary with information regarding the sale price and the real estate agent appointed. This will be included in the Deed of Sale, which is the document that completes the sale. It is drawn up by the Public Notary and is affirmed under oath (Dichiarazione in atto pubblico) by buyer and seller.
De Tullio Law Firm.
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