8. Transfer of ownership and registration of a new owner

Transfer of ownership is carried out either from the first day of the month followed by the day of receipt, or on the day following it.

From that moment the buyer is the actual owner of the property. The final transfer of ownership occurs at the registration of the land in a registry. To register the land, the notary must send all the necessary documents to the appropriate department of the land cadaster. If all legal preconditions and payment of a one-time tax on acquired property (Grunderwerbsteuer) are met, the land cadaster authorities the final registration of a new owner (Grundbucheintrag). An extract from the land registry is a legal proof of ownership. The buyer has the right to request it from the relevant land registry after the completion of the entire procedure for registering the property.