How can I legally secure my international real estate investments?
November 15, 2022 | 60,00 EUR | answered by Albrecht Zellmann
Dear International Law Attorney,
My name is Erika Schenkenberg and I am a businesswoman who has invested in various countries. In recent years, I have invested in real estate in different countries to diversify my portfolio and protect my wealth. However, I am concerned about the legal protection of my international real estate investments.
Currently, I have properties in several countries, including Spain, Italy, and the USA. I want to ensure that my investments are legally protected and that I am adequately shielded in case of disputes or legal issues. I am particularly worried about the different laws and legal systems in the various countries where I have invested.
How can I legally secure my international real estate investments? Are there specific measures or contracts that I should enter into to protect my investments? What legal risks should I be aware of and how can I minimize them? Are there international agreements or arrangements that can help me protect my real estate investments?
I would greatly appreciate your support and advice on this matter. Thank you in advance for your help.
Sincerely,
Erika Schenkenberg
Dear Mrs. Schenkenberg,
Thank you for your inquiry regarding the legal protection of your international real estate investments. It is understandable that you are concerned about safeguarding your investments, especially due to the different laws and legal systems in the countries where you have invested. I will try to provide you with some information and recommendations to help secure your real estate investments to the best of your ability.
First and foremost, it is important that you familiarize yourself with the specific laws and regulations in the countries where you own real estate. Each country has different laws regarding property ownership, contracts, rental income, taxes, and more. Therefore, it is advisable to consult with a local attorney or real estate law expert in each country to ensure that you are aware of all legal aspects.
It may also be helpful to enter into specific contracts to protect your investments. For example, you could enter into long-term leases with tenants to ensure long-term income security. Similarly, you could enter into contracts with construction companies or property managers to ensure that your properties are properly maintained and managed.
In terms of legal risks, you should particularly be prepared for potential disputes with tenants, neighbors, construction companies, or other parties. It may be helpful to take out legal expense insurance to receive legal support and cost coverage in case of disputes. Likewise, you should ensure that you carefully review all contracts and agreements and seek legal advice if necessary to minimize potential risks.
There are also international agreements and treaties that can help protect your real estate investments. For example, there are bilateral investment treaties between certain countries that govern the protection of foreign investors. It may be beneficial to familiarize yourself with such agreements and potentially make use of them to secure your investments.
In conclusion, I recommend consulting with an experienced attorney specializing in International Law to develop a tailored strategy for the legal protection of your international real estate investments. An attorney can help you take specific actions, review contracts, and minimize legal risks.
I hope that this information is helpful to you and I am available for any further questions you may have.
Sincerely,
Albrecht Zellmann
Attorney at Law specializing in International Law
