Buying Land in Italy
Buying Land in ItalyUpdated on Wednesday 06th January 2016
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Steps for purchasing land in Italy
- - a foreign citizen wanting to buy property in Italy has to first acquire a tax identification number ("codice fiscale"); this can be requested from an Italian Embassy or Consulate or at any government financial agency;
- - one also needs to submit the relevant documents and a copy of the passport;
- - then a preliminary agreement ("compromesso) has to be signed, which is followed by a public sales act made by a notary; this agreement is proof of the intention to purchase;
- - last, the foreign citizen needs to sign the final contract ("rogito"), which is a legally binding paper that requires the presence of an Italian attorney/notary ("notaio").
Contracts for buying land in Italy
- - identification of both purchaser and seller (place, date of birth, full names, nationality, passport number, tax identification number etc);
- - indication of the land in question (province and commune);
- - identification in the national land register (NCT), which can be done by citing the register document, with the notary, before the final sales act;
- - the agreement must also have a map from the register (signed by both parties).
It is also advisable to:
- - check the seller's title of property;
- - check if there are any limitations to the title (mortgages, inheritance or property rights, third parties etc);
- - verify the sale's price and the date established for the final sale's act.