If a buyer fails to appear for the official transaction registration with the state authority, it can happen for various reasons. However, until registration is complete, the seller remains responsible for the property’s tax obligations. Notably, Belarusian courts will not invalidate a real estate sale agreement if the buyer has paid over 50% of the property’s value.
Disputes Involving Invalid Real Estate Transactions
Courts also handle disputes concerning the invalidation of real estate transactions. These may arise when the property is purchased from: a bankrupt company, a company undergoing liquidation, a company not listed in the state register of Belarus or another jurisdiction.
Disputes can arise if a seller has not properly registered property ownership, resulting in a third party being the actual legal owner. A court may declare the transaction invalid if the parties do not follow legal procedures or corporate statutes.
Additionally, transactions involving the sale of property owned by a unitary enterprise may be deemed invalid if the sale was conducted without the owner’s consent.
It is important to understand that even if a court invalidates a sale, it does not guarantee that the buyer will receive a refund. To minimize risks and protect your investment, it is highly recommended to consult with an experienced attorney before finalizing any real estate transaction.