Italian conveyancing is the legal transfer of property ownership from vendor to buyer Italian conveyancing starts when the vendor accepts your formal reservation offer. It finishes after you have signed the deed of sale. How long the Italian property purchasing process takes depends on all sorts of things. How many buyers and vendors are involved? […]
Hidden defects. Buyer beware! Where exactly do you stand if you discover hidden defects with your Italian real estate following completion? You move into your dream Italian home to find a nightmare situation. This is exactly what happened to the Wright family in Lazio. The day after moving in, they discovered there was serious water […]
Reverse mortgages provide an alternative to selling an Italian property In December 2015 the Italian Ministry of Economic Development introduced a reverse mortgage scheme. This is a form of equity release financing. The reverse mortgage allows home owners over the age of 60 to convert part of the value of their property into cash. The property […]
A rent-free agreement is not for financial gain Italian law defines a rent-free property agreement as a party lending an item they own to a borrower. The borrower may use the item for a given period of time or for a specific reason. The borrower then has the obligation to return the item to the […]
What is cross-border inheritance? Cross-border inheritance laws determine which country handles an inheritance (known in legal terms as succession) and, which country’s national law will govern the inheritance. Cross-border inheritance applies if you live in a country which is not your country of origin or if you own assets in more than one country. Likewise, if […]
What is unclaimed Italian property? Between 1861 and 1985 over 29 million Italians emigrated to other countries. About 18 million Italians permanently settled abroad. Today several tens of millions people living abroad have Italian heritage. When Italian emigrants went abroad, they often left property and land in Italy. This is now unclaimed Italian property. Many […]
Check the legalities before you start viewing Italian properties You’ve seen a number of Italian properties online that you really like. You want to book flights to Italy, organise a rental car and accommodation to see the properties for yourself. But, how do you know if the properties you’ve set your heart on seeing are […]
Tax benefits for first property purchases are contingent on transferring residence Property buyers in Italy often decide to take advantage of tax reductions available for first property purchases. These consist of a reduced registration tax of 2%, a fixed cadastral tax of €50 and a fixed mortgage tax of €50. Delaying transfer of residence other […]
Buyers can back out of a sale if there is no certificate of habitability A certificate of habitability or certificato di abitabilità in Italian, attests that a property is legally habitable. The Italian Supreme Court of Cassation ruled that buyers can refuse to sign the final deed of sale if a residential property has no certificate […]
The role of an Italian probate solicitor A probate solicitor in Italy is a lawyer who specialises in Italian inheritance law. A probate solicitor in Italy assists clients with the execution of a will and the legal procedures relating to Italian inheritance matters. Engaging the services of a competent and knowledgeable Italian inheritance lawyer simplifies […]
