A complex real estate acquisition transaction has come to a close

A complex real estate acquisition transaction where Skrastiņš & Dzenis attorneys-at-law assisted the client in purchasing parts of a real estate in joint ownership has come to a close. The transaction was particularly challenging and requested a specific attention due to the situation where during the negotiations it was revealed that the actual composition of the real estate in fact did not comply with the real estate’s composition indicated in documents in land register.  Another aspect which had an impact on the transaction is that the particular real estate was hindered with utilities as well as with mortgages from 5 banks having the total value of 130’000 EUR.