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After several postponements, the new real estate registration act will enter into force on 15th January, 2025.In the case of legal transactions subject to the scope of the new act, the electronic signature of the parties will be necessary, and, at the same time, the option of remote identification/ signing via videophone, which is popular among…
The new regulation will come into force on 28th January, 2025, and in accordance with it, the calculation of the fee payable when initiating civil legal proceedings will change significantly compared to the previous regulation.In accordance with the current rules, the plaintiff is required to pay a fee equal to 6 percent of the value of the…
Since 17th August, 2015, the EU Regulation 650/2012 has been the governing document in EU succession matters.This regulation has introduced the European Certificate of Succession, based on which, for example, following a probate procedure conducted by a Dutch, Belgian or German notary public, the heir’s (heirs’) ownership of Hungarian real estate…
From 29th July, 2024, the fees for the real estate registration procedures are changing (increasing), including the cost of the title deeds and the map copies.The procedural fee for the real estate registration increases from HUF 6,600 / real estate to HUF 10,600 / real estate. The fee for the electronic title deed is HUF 4,800 / real estate, the…
In many cases, the person entitled to the right of pre-emption exercised this right in an abusive manner, i.e. they did not actually have the purchase price. To remedy this issue, from 1st July, 2024, if the buyer has paid a deposit to the seller, the person entitled to the pre-emption is obliged to put down the amount of the deposit in advance (…
In accordance with the Hungarian Civil Code, a written private last will and testament may be validly written in a language that the testator understands and which they can write, in the case of a last will written by their own hands, or read, in the case of a last will written by someone else.Therefore, in the event that a foreign citizen writes…
On 1st January, 2024, the rules for the sale and purchase of agricultural lands have changed; I wish to focus on three significant rules here:in the case of the sale and purchase of real estate subject to the Land Act, the purchase price must be determined in Hungarian forints;the purchase price can only and exclusively be paid by bank transfer or…