agricultural land purchase contracts, termination of undivided joint ownership, act of merging
Legal tasks related to the agricultural sector play a significant role in the life of our law firm since the foundation. We have handled huge changes concerning this field in the last 10 years. Maybe this is one of those legal fields, where there is a wide scale of changes.
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Land purchase contracts, agricultural land lease contracts, registration of land lease contracts, termination of undivided joint ownerships can be named as our areas of expertise. On some of the agricultural lands has been created undivided joint ownerships, and the quantity of these lands are increasing due to the fact, that according to our inheritance regulation, everyone inherits the same amount, so a land gets even more owners. So this way more and more joint ownerships occur. |
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There are many ways of terminating the joint ownership. One solution for doing it is the act according to the Civil Code, and it happens based on the mutual consent of the owners. Unfortunately this is a less commonly applied method. Considering the fact, that is it a very rare case, when the owners can agree on the way how they want to terminate the joint ownership, there is a way to make it happen according to the new rule of law came into force in 2021. Based on this law, it is possible to divide the ownership, if the majority of the owners have mutual consent concerning this question, so they possess more than the 50% of the whole land. |
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The Act mentioned above defines 2 main proceedings related to this area:
Our law system created two very different proceedings to the two methods for the matter mentioned above, so it is highly important to have a consultation before deciding, which method to use. If You are concerned by this problem, please contact us. We usually need the land registry data of the agricultural land, in order to examine the possible solutions. During a consultation we assess your intentions, and also if you are able to get the whole property from the pther owners by the method mentioned above. We also examine your possibilities in case someone else has intentions to have your property of land. |
If you mandate our law firm to assist by the termination of the joint ownership, we have the following tasks to handle:
- we create the calculation of the value of the property based on the data given, we also define other fields which can be involved in the process
- we provide information of the difficulties, possible drawbacks etc.
- we start the procedure
- we prepare the notification letter to the other owners and users of the property
- we keep in touch with the owners and autorities
- we prepare the documents needed with a special program (if you decidet o divide the property)
- we arrange and prepare the possible agreement
- we start the proceedings related to the judical deposits and coordinate them
- we coordinate the whole process and cooperate with you during the proceeding of termination of the joint ownership
Additional costs may occur during the process:
Aquisition of original documents (land registry data): 3.000,- Ft
Administrative service fee: 15.000,- Ft
In all the cases the clients are informed about the costs, which are set after getting the land registry data of the real estate. The fee depends on the agricultural lands in question, the number of the deposits necessary, and the number of the notifications of the owners.