Real Estate

Real Estate

The attorneys at LEX have vast experience in representing both sellers and buyers in disputes concerning real estate, under Act No. 40/2002 on Purchase of Real Estate, including disputes regarding non-performance such as defects and payment delays. When real estate is sold, the liability of certified real estate agents, in accordance with Act No. 70/2015 on the Sale of Real Estate and Ships, can also be tested. Certified real estate agents have extensive responsibilities, i.e. concerning sale review and gathering of information.

Through the years, the attorneys at LEX have handled extensive cases for buyers and owners‘associations concerning various defects on both individual and joint property in newly built multi-owner buildings. In these cases, both the liability of sellers in accordance with Act No. 40/2002 has been tested, as well as the liability of construction managers, designers and masters in craftsmanship. In cases of this nature, it can be possible to lodge financial claims in solidum against the abovementioned individuals, as well as claim damages from the mandatory liability insurance of certified real estate agents, construction managers and designers.

Real estate purchase is an extensive investment and there are great interests in a successful outcome. The attorneys at LEX have widespread knowledge about all legal remedies available in the case of non-performance in real estate purchase and with respect to the liability of certified real estate agents and other professionals involved in building real estate.

Principal tasks

• Representing buyers and sellers of real estate in case of non-performance in accordance with Act No. 40/2002, i.e. defect, late delivery, payment delay, etc.
• Representation with respect to the liability of certified real estate agents.
• Representation with respect to the liability of professionals involved in building real estate, specifically construction managers, designers and masters of craftsmanship.
• Representation against insurance companies concerning mandatory liability insurance of certified real estate agents and professionals involved in building real estate.