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A registered property means that ownership is recorded in the cadastre and that a property sheet exists. Before buying, it is important to check the owner, area, purpose and any encumbrances or restrictions on the property.
The property transfer tax is most often paid by the buyer. In Montenegro, the tax is calculated based on the value of the property and current legal regulations.
Encumbrances and restrictions are entries that may affect the sale or use of the property, such as a mortgage, dispute note, disposal ban or easement. Therefore, before buying it is important to check the property sheet and legal status of the property.
