JKS Legal Advice

Services offered:

Preparation of an earnest money agreement

Coordination of the terms of the real estate purchase - sale transaction with the buyer and seller;
Analysis of transaction risks and provision of legal advice to the buyer/ seller;
Preparation of an earnest money agreement, including conditions for enhanced protection of the interests of the buyer/seller.

Preparation of a real estate purchase-sale agreement

Coordination of the terms of the real estate purchase - sale transaction with the buyer and seller;
Analysis of transaction risks and provision of legal advice to the buyer/ seller;
Preparation of the real estate purchase - sale agreement, including conditions for enhanced protection of the interests of the buyer/ seller;
Inclusion of special conditions in the contract (if necessary), such as repurchase, installment purchase contract, set-off of purchase fee, etc.

Full legal security of the real estate purchase-sale transaction

Provision of legal advice in connection with the planned real estate purchase and sale transaction, among other things regarding the amount of state and chancellery fees in the land register, tax issues;
Analysis of transaction risks, examination of real estate composition, possible encumbrances;
Provision of legal advice in the most suitable way of paying the purchase fee, ensuring maximum protection of the interests of the buyer/ seller;
Provision of legal advice in obtaining possible permits from State and Municipal authorities (if land is bought/ sold), coordinating the transaction with co-owners (right of first refusal);
Preparation of the real estate purchase-sale agreement and coordination of its conditions with the other party to the transaction;
Organization of signing the confirmation request at a sworn notary;
Preparation of all necessary documents for the successful conclusion of a real estate purchase/ sale transaction;
Preparation of the deed of acceptance and transfer of real estate.

Preparation of residential rental agreement with enhanced protection of the interests of the tenant/ renter

Coordination of the rental agreement with the tenant/ renter;
Analysis of risks arising from the rental agreement and provision of legal advice to the tenant/ renter;
Preparation of the rental agreement, including requirements for enhanced protection of the interests of the tenant/ renter;
Legal assistance for recording the rental agreement in the land register.

Preparation of a premises lease agreement with enhanced protection of the lessee's/lessor's interests

Coordination of the terms of the lease agreement with the lessee/ lessor;
Analysis of risks arising from the premises lease agreement and provision of legal advice to the lessee/ lessor;
Preparation of premises lease agreement, including conditions for enhanced protection of the lessee's/ lessor's interests;
Legal assistance for recording the premises lease agreement in the land register.

Preparation of a gift agreement

Coordination of the terms of the gift agreement with the donee and the donor;
Analysis of transaction risks and provision of legal advice to the donee / donor;
Preparation of the gift agreement, including conditions for enhanced protection of the interests of the donee/ donor;
Inclusion of special conditions in the contract (if necessary), such as the donor's right to live in the property until the end of his life, etc.

Provision of legal advice regarding any real estate transactions

Provision of legal advice - legal assessment of transaction conditions;
Analysis of possible risks of the transaction;
Examination of the contract prepared by the other party and risk analysis, if necessary, making corrections to the contract;
Provision of legal advice in tax issues that will arise as a result of concluding a transaction.
Provision of legal advice in other issues that may arise for the client in connection with the real estate transaction.

Provision of legal advice in conditions of escrow account agreements, mortgage agreements, loan agreements prepared by banks, in case the bank is involved in the real estate purchase/sale transaction

Examination and risk analysis of the loan/mortgage/escrow account agreement prepared by the bank.
Explaining the terms of contracts prepared by the bank to the client.

Investment of real estate in the share capital of a Limited Liability Company (LLC)

Provision of legal advice in investing real estate in the share capital of LLC, including taxes that will arise as a result of this transaction;
Preparation of all necessary documents.

How much does it cost to register/re-register real estate in the land book?

The most convenient way to calculate the state and office fee for register/re-register real estate in the land book is to use the calculator of the State unitary computerized land book: https://www.zemesgramata.lv/saturs/lv/9-1-1.

Do you have to pay taxes when you receive real estate as a gift?

If the real estate was received as a gift from a spouse, parents, grandparents, children, grandchildren, brothers, sisters, brothers or sisters of parents, children of brothers and sisters, then personal income tax on the gift is not payable. On the other hand, if the real estate was received as a gift from another person not mentioned above, the recipient of the gift must pay personal income tax on the value of the gift.

How can I find out the cadastral value of real estate?

If the real estate address and/or cadastral number is known, its cadastral value can be found in the cadastral information system https://www.kadastrs.lv/

Real estate transactions