VIP Consult Legal and Business Consulting The Process Of Buying Properties In Bulgaria

Stage I – “Reservation Agreement” Complete identification of the parties Identification of the property Purchase price and payment conditions (Reservation) deposit amount Date for execution of Preliminary Agreement

Complete identification of the parties

Identification of the property

Purchase price and payment conditions

(Reservation) deposit amount

Date for execution of Preliminary Agreement

Stage II – Preliminary S&P Agreement Complete identification of the parties Complete identification of the property Purchase price and payment conditions Date for execution of the Title Deed Liability for payment of expenses and other charges Penalties applicable in case of breach

Complete identification of the parties

Complete identification of the property

Purchase price and payment conditions

Date for execution of the Title Deed

Liability for payment of expenses and other charges

Penalties applicable in case of breach

Stage III – Public Deed of Sale & Purchase Executed before a Bulgarian Notary Public Buyers must be present or duly represented All relevant licenses/certificates listed and attached Drawn up in Bulgarian language Mandatory registration with the Tax Authorities and Bulstat

Executed before a Bulgarian Notary Public

Buyers must be present or duly represented

All relevant licenses/certificates listed and attached

Drawn up in Bulgarian language

Mandatory registration with the Tax Authorities and Bulstat

VIP Consult Real Estate Law Services: Legal documents check and review Drafting legal opinions on the deal, the contracts and the counter party Land status survey of the real estate Drafting of Building contracts Help in Obtaining building permission Assistance in Change of land statute

Legal documents check and review

Drafting legal opinions on the deal, the contracts and the counter party

Land status survey of the real estate

Drafting of Building contracts

Help in Obtaining building permission

Assistance in Change of land statute

VIP Consult Real Estate Law Services: Drafting of Preliminary Contracts Drafting of Management & Maintenance Contracts Rental Contracts and Final Contracts on purchase and sale of real estate Mediation before credit institutions

Drafting of Preliminary Contracts

Drafting of Management & Maintenance Contracts

Rental Contracts and Final Contracts on purchase and sale of real estate

Mediation before credit institutions

VIP Consult Real Estate Law Services: Assistance on obtaining compensation in case of non-fulfilment on preliminary or final contracts Assistance and legal representation in front of Notary Public

Assistance on obtaining compensation in case of non-fulfilment on preliminary or final contracts

Assistance and legal representation in front of Notary Public

Other Related Services Properties on request Investment assistance Market research Drafting opinions on the investment opportunities in the sector.

Properties on request

Investment assistance

Market research

Drafting opinions on the investment opportunities in the sector.

VIP Consult - Contact Details Head Office 20 Omurtag Street fl 2, apt 8 Varna 9000 Bulgaria Tel./fax: +359 52 603 183 Mobile: +359 887 55 66 32 E-mail: [email_address] Web Page: www.vip-consult.net Regional Office 86 Pirin Street Bansko 2770 Bulgaria Mobile: +359 896 69 79 71

Head Office

20 Omurtag Street

fl 2, apt 8

Varna 9000

Bulgaria

Tel./fax: +359 52 603 183

Mobile: +359 887 55 66 32

E-mail: [email_address]

Web Page: www.vip-consult.net

Regional Office

86 Pirin Street

Bansko 2770

Bulgaria

Mobile: +359 896 69 79 71