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Latest posts

Posts Tagged ‘property’


Lease ‘Polish style’ or what you should remember about when leasing out a flat

28-07-2010

A contract of lease is a type of contract that appears very frequently in legal transactions. Moreover, its structure is similar in different legal systems. Basically it comes down to that one person gives the other a thing for use in return to a consideration, that is to a so-called rent. However – as it usually happens in law – the devil’s in the detail. And there are a few of such details regarding lease of premises in Poland that we would like to point out to below. Read more…

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How to disentangle oneself from a failed investment – a few words on a contractual right to renounce (a contract)

25-06-2010

On the wave of enthusiasm which typically accompanies the execution of a preliminary contract, people often forget that clauses that provide for conditions and a mode of its unilateral termination should be introduced to it. How could one not just trust such a professional  party as a developer? Read more…

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Preliminary contract with a developer – a hole in the ground together with a legal loophole

19-05-2010

During a boom period at a real property market in Poland, flats are being offered to potential purchasers when still on the drawing board. Thus developers suggest clients to execute preliminary agreements regarding a future purchase of a flat. Read more…

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Earnest and advance payment – common features, differences and criteria of distinction

08-02-2010

Signing any agreement is often connected with the requirement of making up-front payment of certain amount of money. Then both parties should consider and provide in the agreement the purpose of the payment because mentioned payment, according to their intent, can cause different legal results. It is very important because many people do not distinguish between earnest and advance payment what can be used against them. Read more…

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Exemption from income tax regarding sale of real properties purchased before 1 January 2007

07-01-2010

The accession of Poland to the European Union in 2004, attracted an unprecedented lot of foreign investment, especially those who decided to invest their means at the real property market. Thus a lot of real properties were bought, particularly in the period when credit was easily accessible (that is before the credit crunch, especially from October 2004 to mid 2007). The above brought about a huge rise in the property prices ? which, at the very end of the day, was what made it to a lot of investors ? who were then able to take profits from their investments by selling their properties (and rightly so). Read more…

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