ESPACO offers a coherent set of complex professional services that are necessary for any real estate business, among other things. Thus you may choose among the following service categories, according to your goals:

Advice on real estate transactions

Our professional team provides complete solutions on the sale/rent of any kind of real properties (houses/mansions, apartments, offices, business premises, industrial premises, lands).

Advice on investment management

For both the national and the foreign investors that are interested in certain sectors of the Romanian property market. The activities included are: estimates of the transaction costs, investment risk analyses, strategic planning, assistance on negotiations, identification of financial solutions, post-investment assistance.

Legal coordination

For any real property transaction (sale/purchase or lease) to be profitable, it is absolutely necessary to implement appropriate legal solutions. Therefore, while being aware of the real estate legislation in force, we always design efficient solutions so that the legal measures may keep the optimum ratio between the achievement time and costs. 

Licensed evaluations

The valuators of our team are ANEVAR members and provide licensed evaluation services in line with the highest quality standards, adjusted to any type of real property belonging to both natural and legal persons.

Heating and Energy Audits

Before making the final decision about buying or leasing a property, whether it is an apartment or building, any customer is interested about the actual energy consumption that is necessary to provide adequate heating comfort. This is a natural approach that reflects the need of accurate estimate of the monthly utility costs, including the cost of the desired comfort. The importance of the building energy performance is acknowledged by the law. Thus, the owner who wishes to sell / rent or register a property must have the Energy Certificate of the property under the law no. 372/2005. Our partners will help you enjoy the quality services to obtain the energy certificates.

Property management

We have the necessary expertise in order to manage apartments, houses/mansions, office buildings, shopping centres, residential buildings,  warehouses and industrial parks. Our services are designed mainly for the owners, the investors and the tenants who wish to enjoy their time and their dwellings without bothering about bills and unforeseen events.

Market Reports /Property Analysis

We believe that a profitable investment is the result of a valid research of both the current and the future real property market. For this reason we permanently analyze the property events, we hold a wide portfolio of offers and prove that we have the necessary expertise for an accurate estimate of the property market values and of the market regressive or advancing tendencies.

In order to make a real property transaction the owner must have in due time a file prepared to include the following documentation: 

• The property ownership document;
• Tax Certificate issued by the Mayor’s Office;
• Land Register copy issued by the court of law of jurisdiction in the property territory;
• Identification documents (identity card, passport, driving licence);
• Marriage Certificate

The property ownership document may be: 

• sale-purchase agreement (executed between a seller and a buyer, between a legal person and a natural person);
• donation agreement; 
• property exchange agreement;
• heir certificate;
• 2 copies of the Title Deed (one original and one photocopy);
• one cadaster drawing of the property;
• one photocopy of the owner’s identification document;
• declaration form 

The Tax Certificate is issued by the Mayor’s Office – Taxes and Duties Department and is valid for 48 hours. It must specify the following details: the owner or the owners and their correct name; the correct address of the property; the relevant land area; no debts. Thus, it requires that all and any taxes must be paid up and there must be no unpaid fines on the record. In order to receive the Tax Certificate, the following documentation is required: 

1. Copy of the owner’s identification document;

2. Application form;

3. Tax Certificate fee (to be paid at the Taxes and Duties Department cash desk).

Land Register copy (issued by the National Agency of Cadaster and Real Estate Publicity  – Cadaster and Real Estate Publicity Office  – district Land Register Office) is the most relevant document to show the property legal status. It is valid for 24 hours, that is why it is issued only on the transaction day. If the parties wish to enter into a preliminary agreement, the land register check may be done by telephone. The land register copy must specify the correct address (according to the property title); the correct name(s) of the owner(s) and that the property is subject to no charges.

MENTION: If the property intended for sale was not recorded in the land register, first a public notary should proceed to its registration according to the following documentation:

– 2 copies of the property ownership document (at least one original);
– property drawing; 
– property delivery-reception protocol;
– registration application submitted with the Land Register Division of the Law Court.

The identification documents must be within the validity term in order to be of use for the execution of the property sale. If the identification document expired in the course of the current year, identification can be done using the passport or the driving licence. If the ID is so damaged that the seals applied by the relevant bodies are not legible any more, the identification will rely on the latest two documents mentioned above or on two witnesses that know the person concerned.

The marriage certificate is absolutely necessary when the real deed is executed, since the sale-purchase is a deed of disposition which requires the agreement of both spouses and the only document to prove that they are spouses is the marriage certificate. 

For any further information ESPACO Investment is ready to help you at the contact number 0726.11.99.88 or on the e-mail address office@espaco.ro.