The purchase agreement must clearly identify the property (parcel numbers, title deed number, cadastral area), the seller and buyer, the purchase price and payment method, as well as the exact terms for handing over the property. It usually also includes declarations regarding the legal and factual condition of the property.

After signing the purchase agreement, an application for registration of ownership is submitted to the relevant Land Registry Office. The process usually takes 20–30 days. The buyer officially becomes the owner only once the transfer is registered in the Land Registry.

An attorney escrow account protects both parties: the buyer knows the seller will receive the money only after the ownership transfer is completed, while the seller has certainty that the buyer has the funds ready. The attorney releases the funds once the contractual conditions are fulfilled.

Yes, without officially verified signatures, the Land Registry Office will not accept the registration application. Verification can be done by a notary, at a Czech POINT office, or by an attorney. The fee is usually CZK 50 per signature.

The purchase agreement usually includes provisions for establishing a mortgage lien in favor of the bank. The bank typically requires the purchase price or part of it to be deposited into escrow and released only after the mortgage lien and ownership transfer are registered.

The Land Registry process itself takes approximately 20–30 days. If the agreement is properly prepared and there are no complications, the process from signing to registration usually takes about one month.

It is necessary to correct the errors in the agreement or application and submit a new application, while paying the registration fee again. This is why it is important to have the agreement prepared by a professional.

The price depends on the scope of services – drafting the agreement, escrow services, and representation before the Land Registry. A complete package usually ranges around CZK 15,000–18,000 + VAT.