How can I legally secure my international real estate investments?
October 17, 2023 | 50,00 EUR | answered by Gerald Endres
Dear Lawyer,
I am reaching out to you as I, Lukas Bittner, am looking to invest in various real estate projects abroad and am concerned about the legal protection of my investments. I have gained experience in the national real estate market, but I am unsure of how to best legally secure my international real estate investments.
Currently, my planned investments are in various countries including Spain, Italy, and the USA. I want to ensure that my investments are protected from potential legal risks such as disputes with tenants, contract breaches, or unexpected changes in laws in the respective countries.
My concern is that I do not have sufficient knowledge in international law to handle the risks and challenges I may face. Therefore, I am wondering how I can legally secure my international real estate investments to protect my financial interests and avoid potential legal conflicts.
I kindly ask for your advice and support to inform me about the legal aspects of my international real estate investments and to provide possible solutions on how I can best secure my investments. I look forward to your expertise and thank you in advance for your help.
Best regards,
Lukas Bittner
Dear Mr. Bittner,
Thank you for your inquiry and trust in my expertise in the field of international law. It is understandable that you are concerned about the legal protection of your planned real estate investments abroad. Investments in foreign real estate can be associated with various legal risks, but there are measures you can take to protect yourself as much as possible.
First and foremost, it is important that you familiarize yourself with the legal framework in the countries where you wish to invest. Each country has different laws and regulations regarding the real estate market, rental agreements, property rights, and contract law. Therefore, it is advisable to consult with a local attorney who can inform you about the specific laws and regulations in each country.
Furthermore, it is recommended that you carefully review all contracts related to your real estate investments and, if necessary, have them reviewed by an attorney. It is important that all agreements are clearly and unambiguously formulated to avoid possible misunderstandings or disputes.
Additionally, you should also consider insurance policies that can protect you from financial losses in the event of unforeseen circumstances. Real estate liability insurance or rental payment default insurance can provide you with additional security.
Moreover, you may also consider establishing a foreign company or setting up trust structures to protect your investments and take advantage of tax benefits. Professional advice from a tax advisor or business consultant can help you find the best solution for your individual situation.
Overall, it is important that you prepare well and gather comprehensive information before investing in foreign real estate. With the right legal advice and protection, you can minimize potential risks and successfully safeguard your investments.
I hope this information is helpful to you and I am available to answer any further questions you may have. Good luck with your international real estate investments!
Sincerely,
Gerald Endres
