When does the Apartment become Ownership after Purchase?

I bought an apartment, what to do next, Ukraine

Thus, all payments will now be transferred to you, and not to the previous owner of the apartment. It will also be useful to take an extract from your personal account - to know about the current status of your utility debt.

• The second step will be to visit the management company (or the HOA, if your house is part of one). This is where you enter into a service contract.
• Next, you need to contact the energy company, where a contract for the power supply of your apartment is concluded (or re-issued if the housing was purchased on the secondary market).
• We do the same in the city gas service if a gas stove or gas boiler is installed in the living room.
• If the apartment has water meters, then you also need to register them for yourself.

How to re-register utility payments after purchasing an apartment

According to the rules of the Government of the Russian Federation No. 442, individuals who are consumers of electricity must enter into an agreement with a supplier of last resort or an energy retailer (clause 71 of the Resolution).

In order not to return to questions about documents, we’ll say right away: make several copies of your passport (and the passports of all other owners, if any), registration certificate, and purchase and sale agreement. You will need them many times in the very near future.

The information is verified, and the owner becomes the full owner of his property. You can also sell a mortgaged apartment, but only with the written consent of the bank.

However, in any case, there are challenges facing the owner of the property, regardless of how and where it was purchased. We will talk about them first.

Registration of a tax deduction

Real estate buyers have the pleasant opportunity to return part of the money paid for housing.

The tax deduction is 13%.

That is, the buyer receives a refund equal to the income tax paid upon purchase.

Conditions for receiving a tax deduction:

• A citizen must have official income, from which income tax is withheld - 13%. This could be wages, profits from business activities, fees for work, etc.
• The deduction is limited. The maximum amount is 2 million rubles. If the apartment costs more, then the deduction is still withheld from two million.
• The deduction is multi-use. That is, the tax paid on several properties purchased at different times is returned.
• The deduction limit for interest (when applying for a mortgage) is 3 million rubles.
• The deduction is calculated not per object, but per owner. For example, when a spouse purchases an apartment for 4 million, each of them can independently exercise their right to a refund of the tax amount from 2 million rubles.

It should be noted that these rules are relevant for owners of property acquired since 2014.

Anyone who purchased real estate before 2014 does not have the right to receive a deduction multiple times (it is a one-time deduction) and the right to calculate the deduction for the owner (the amount is calculated in relation to the property).

The date of purchase of housing is the moment of receipt of the acceptance certificate in new buildings and registration of rights in secondary housing.

When is it impossible to get a deduction?

There is no benefit if:

1. this right has already been exercised once in relation to real estate acquired before 2014;
2. the citizen does not have official income from which tax is withheld.

How to apply?

There are two ways to resolve the issue:

• Through the tax office. The issue is resolved at the end of the year in which the transaction was made. The entire amount is transferred to the citizen’s account. You need to contact the tax office with an income declaration;
• Through the employer. In this case, part of the burden of paying the tax is removed from the citizen. The reduced amount of deductions is maintained until the deduction amount is reached.

Also in the next article you will find out where to get an extract from the Unified State Register.

Thus, after purchasing an apartment, you should complete a number of procedures to register or re-register documents related to the supply of utilities.

The issue can be partially resolved with the assistance of the Management Company or the Homeowners Association. A nice bonus from the state is the possibility of a refund of income tax paid upon purchase.

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Is it possible to transfer utility debts?

If the re-registration of an apartment due to the death of the testator occurs between distant relatives, you will have to pay 13% of the value of the property in the form of tax.

In this case you have to act like this:

1. Prepare documents for the apartment.
2. Draw up an agreement on the allocation of shares. It is usually issued by homeowners.
3. Contact a notary and enter into an agreement in the prescribed form.
4. Go to Rosreestr and carry out state registration of rights to real estate.

Find out from the developer who your provider is and go to him to conclude an agreement. If you are not satisfied with the telephone operator, then you have the right to choose anyone else.

Lack of registration does not deprive the buyer of the rights to the purchased object, but significantly limits his ability to dispose of it.

I bought an apartment, what should I do next with the documents?

03.04.2018

After checking all the documents and facts, you can agree on the amount and sign the purchase and sale document. Next, with your passport, contract, registration certificate for the apartment and a receipt for payment of the state duty, you need to contact the Registration Chamber and register ownership of the purchased housing.

Housing Consultant

• Leave your previous place of residence.
• Within 7 days, you must submit an application to the Federal Migration Service or the passport office with an application and documents confirming the legal status of ownership of the premises.
• After a quick check, the employee will take the documents and passport, issue a receipt for the document being seized and set a date for receipt.
• After 1-2 weeks, a passport with the stamp is issued.

What actions need to be taken after buying an apartment

After 30 days, a formalized certificate of ownership of the apartment, a transfer deed and an agreement are issued. Registration of an apartment after purchase is a troublesome task, but our specialists will be happy to do this part of the work for you, call: 8 (4132) 212-212

We recommend reading: Receipt for receipt of advance payment sample for an apartment

Actions after purchasing an apartment

delivery of drinking water.

The water flowing from water taps is heavily contaminated with various sediments, so for cooking and drinking it is better to order delivery. Read online reviews about suppliers and immediately sign a long-term cooperation agreement. This will be much cheaper than one-time orders.

Have you bought an apartment? Find out what to do next

The act is signed after the shareholder has inspected the apartment. And this procedure should be treated with maximum responsibility - after all, later, when your autograph is already on the document, claims against the construction organization will be unfounded (except for cases expressly provided for by Russian legislation).

6) the person who accepted from the developer (the person providing the construction of the apartment building) after the issuance of permission to put the apartment building into operation in the building under the transfer deed or other transfer document, from the moment of such transfer.”

What you need to do after buying an apartment

If you need a landline telephone, we contact the nearest office of the telephone operator (Rostelecom, MGTS, etc.) and arrange an access point. Connecting to the Internet is done in the same way. But if the apartment already has a telephone, take information about the former owner from the RCC and provide it to the operator for re-registration.

But there are certain actions that need to be taken after purchasing an apartment in a new building. Most often, the apartment is sold directly to the developer through a share participation agreement. In fact, the property can be considered yours when the contract is signed and all fees are paid.

Documents that remain with the buyer after the apartment purchase transaction

• submit an application to the RCC with a request to issue all accounts in a new name;
• conclude an agreement on housing maintenance in the HOA;
• contact the energy company and city gas;
• water meters are also re-registered in a new name;
• if Internet and telephone have already been installed in the living space, contracts with operators are also reissued.

What documents remain on hand after buying and selling an apartment?

The first is the signing of the Sales and Purchase Agreement

The second (but may also be the third, depending on the wording of the purchase and sale agreement) is the signing of the Apartment Acceptance and Transfer Certificate

The third (but may also be the second, depending on the wording of the purchase and sale agreement) is filing applications for registration of property rights in Rosreestr, and making a record of the transfer of rights from the seller and registration of rights to the buyer in the Unified State Register of Real Estate.

I bought an apartment, what to do next with the documents Link to the main publication

List of sources

• kvartirgid.ru
• sovetnik36.ru
• sud-inform.com

If the deal is alternative

Alternative means a transaction in which several participants:

1. The seller of real estate and its buyer.
2. The second seller who purchases the apartment of the first.

The transfer of ownership rights under alternative transactions is registered at one time. Having signed the DCP, the parties need to come to the MFC with documents and submit applications for registration. After this, several buyer-sellers immediately become owners of different real estate properties.

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Mortgage loan agreement

Often, the purchase of an apartment or residential building is accompanied by the execution of a mortgage agreement. This concept includes actions to pledge real estate in exchange for the provision of a loan or loan. The property transferred by the borrower to the lender in this case serves as collateral for the loan. The borrower transfers the rights to the property to the lender, effectively continuing to operate the property.

The Mortgage Law provides that the mortgagor still owns the collateral property. He has the right to use it. At the same time, there should not be any deterioration of any properties of the property. The owner of a residential premises may derive additional benefits from the property if such a provision is permitted by the current contract. In addition, the responsibility for ongoing maintenance and incurring necessary expenses remains.

Mortgage lending is characterized not only as housing. Real estate can also be transferred as collateral for other types of loans. And the following act as collateral:

• land;
• apartments, houses, other housing;
• garages, dachas, garden houses;
• buildings and structures used in business activities.

The law even allows for the pledge of aircraft, ships, and space objects, but this has little application to the everyday life of citizens.

So, the existing property right provides the basis for concluding a mortgage loan. If there are several owners, then the written consent of each of them is required. However, anyone can pledge their share in the property without obtaining the consent of other owners.

Despite the fact that the mortgaged property belongs to the borrower of the funds, his rights to this object are somewhat limited. A citizen cannot independently sell or exchange an object without obtaining the appropriate permission from the mortgagee. Restrictions are completely lifted after repayment of debt obligations.

How and where to challenge the actions of the property rights registrar

Sometimes, when registering property rights, controversial issues arise with the registrar. Most often this happens due to imperfect legislation regarding this procedure. In this case, you have to turn to third parties for help.

You can challenge the actions of the registrar. To do this, you will need to contact the Ministry of Justice. Controversial issues can be resolved both in the bodies of the Ministry of Justice located in your locality, and through the court. Usually they file an application with the court.