What is a Tabularna Izjava or Tabular Statement in the context of real estate in Croatia, and how should it look?
During the process of purchasing real estate in Croatia, providing a Tabularna Izjava or Tabular Statement is one of the key steps. But what exactly is a Tabularna Izjava, what does it declare, and how should it appear? Issuing a Tabularna Izjava is a crucial step when buying real estate in Croatia.
The Tabularna Izjava in the context of real estate in Croatia is an official document through which the seller confirms that the property has been fully paid for and is ready to be registered in the land registry in the name of the buyer. The seller of the real estate is obligated to issue a Tabularna Izjava to the buyer if the buyer has successfully fulfilled their obligations by paying the agreed-upon purchase price for the property. The Tabularna Izjava must be notarized by a public notary.
Issuing a Tabularna Izjava
The Tabularna Izjava can be a part of a real estate purchase contract in Croatia or can be issued as a separate document. The statement can be conditional or unconditional. In the case of a conditional Tabularna Izjava, the buyer is allowed to register ownership after the complete payment of the purchase price. In the case of an unconditional Tabularna Izjava, the buyer is allowed to register ownership without any future objections or potential restrictions.
It is important to note that when drafting a Tabularna Izjava in the context of real estate in Croatia, care should be taken to state that the seller is fully financially satisfied and has no further financial claims against the buyer, and that the buyer is being registered as the new owner while simultaneously removing the seller from the land registry. In the event that the seller refuses to issue a Tabularna Izjava, even though the buyer has fulfilled all their obligations, the buyer in Croatia has the right to request contract termination or file a lawsuit to compel the seller to issue the Tabularna Izjava, which the seller is refusing to provide voluntarily.
