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Real Estate Glossary
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The tax clearance certificate – essentially when buying a property

A clearance certificate proves that a person has no outstanding liabilities fiscal nature. This certificate is issued by finance office and is limited. You need a tax clearance certificate for example to renew a resident permit, to obtain a restaurant license or to purchase a property. In this case, it proves that the purchaser has paid the real estate transfer tax for the condominium or house. The notary must submit the tax clearance certificate along with the notarized sales contract at the relevant land transfer tax office. The certificate is issued by the finance office and is passed on by the notary to the land registry. The ownership transfer is only possible with this proof of tax clearance certificate.

Whether Prior to an Acquisition...

Even ahead of an acquisition, the Accentro Real Estate Encyclopaedia offers interesting facts and decision guidance: We will coach you through the first steps on your path to homeownership. For instance, it provides information on the process flow of a condominium purchase. It will also tell you what sort of documents you need in order to buy property, and where to obtain them.

... or after – Our Real Estate Encyclopaedia Provides the Answers You Need

Once you have bought a property, you may wonder who is going to manage your condo and how. After all, caretaking your property is one of your main obligations as a condominium owner. In addition to numerous tips and suggestions, you will find answers here to many questions involving the property management subject, such as: What does “individual freehold ownership” mean? What exactly do “condominium regulations” govern? And what does the term “condominium fee” imply? In addition, we elaborate subtle differences between terms such as “real estate management” and “corporate real estate management.”

We hope you enjoy our encyclopaedia!