High fines, which frequently arise during the regularization of existing building violations under the applicable law, often place the property owner in a position where full payment is impossible.
Significant costs also emerge in the even more challenging scenario where the property owner, prior to completing the notarized transfer, is required to commission an exceptionally costly study, known as the Structural Adequacy Study, due to the building’s compromised structural integrity.
Only a fully qualified notary, by correctly applying the specific provisions of the existing legal framework, can ensure a lawful and valid contract without the prior full settlement of fines or payment of the costs for the required studies.
Within the strict statutory deadlines, our office has frequently succeeded in facilitating such transfers by legally postponing these financial obligations to the subsequent owner.
A notable example involves a high-value plot in Vyronas, Attica, which the owners successfully transferred in a timely manner, shifting the aforementioned costs to the purchasers pursuant to an express agreement between the parties. The owners benefited from the substantial proceeds of the transfer, while the purchasers willingly assumed responsibility for the Structural Adequacy Study, a relatively minor cost for them considering their ultimate goal of exploiting this prime plot with its high building coefficient.