Real Estate, Development & Construction
Real Estate, Development & Construction
KNP LAW is known for our commercial real estate experience in the field of development, investment, and transactions related to property in and around Hungary. Through our experience, we have gained in depth, practical knowledge that covers all aspects of real property law and related taxation regulation, therefore we can provide quality, complex consultation, and assistance through the entire procedure of acquisition, renting, structuring, construction, development and the re-development of real properties.
KNP LAW is associated with several significant commercial real estate developments and has been involved in numerous transactions in and around Budapest. Our clients include foreign states and governments, leading global hotel and office building investors, international educational institutions, shopping center operators, and businesses which are active in other real estate developments.
The related transactions include the purchase, sale and rental of diplomatic facilities, five-star hotels, office buildings, shopping centers and properties of other use. KNP LAW’s real estate team prepare purchase and sale agreements and provide complex property development consultation and assistance that covers the areas of purchasing, rezoning, planning, financing, project management, investment, and construction assistance.
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Real Estate Advising Services
As a well-known real property legal advisor in Hungary, we advise on every aspect of the real estate transaction. We also consistently offer real estate related legal advice regarding the purchase and sale of existing real estate in Hungary. We have been advising clients on the real estate sale and purchase process in Hungary since our inception as a firm. As such we have an expertise not only in advising local entities in Hungary, but we are also experts in the laws and regulation which apply to foreign entities and individuals purchasing real property in Hungary – and their following development or re-development. We have in-depth knowledge of the current legislation in this field and we help our clients with practical advice through the entire process. Our team enables our national and international clients to see the full scope of possibilities regarding the purchase, sale, development, and re-development of property in Hungary. While our focus has been primarily centered around the sale and purchase of real property in Budapest – we have advised clients on sale and purchases around the country, and as such have expertise dealing with local government and municipalities.
Assistance in Drafting Agreements
We represent our clients through the drafting process of all agreements related to the development and construction of facilities, including, without limitation, the related preliminary design agreements, architectural services agreements, loan and mortgage agreements, construction agreements, project management agreements, and land lease and development agreements. We also have experience in the acquisition and construction of historical monuments and property protected by and earmarked by the Hungarian State as historical and protected as such.
KNP LAW has extensive expertise in drafting and negotiating lease agreements from large scale entities and individuals and have assisted multi-national clients as well as sole proprietorships in developing, forming, and negotiating favorable lease agreements.
Real Estate Transaction (Ongoing Services)
Partners and attorneys of KNP LAW were drafting, editing, and reviewing numerous real estate purchase contracts in representing both vendors and sellers. Our reputation is based on the successful negotiations, the concluded agreements, and the performed purchases and sales.
We act on behalf of and represent our client’s interest to the full extent of the law, and we are able to do so through the intricate knowledge we have developed by actively working on real estate matters since the inception of the firm, and extensive individual experience which attorneys had prior to their joining of KNP LAW. Partners, foreign legal counsel, attorneys, associates and administrative staff all have a professional or native working level of English.
Participation in meetings and negotiations where the client’s interests are in the first place is one of our greatest strengths. During the different phases of the transaction, KNP LAW provide prompt legal advice if specific questions are requested within the shortest deadline as soon as possible. Certified translation of any transaction documents, including contracts, surveys, approvals, and registration materials into English is possible thanks to our qualified translator. KNP LAW is able to comply with all requirements in relation to the pre-purchase and post purchase certification documentations.
Client First Approach
We provide solutions for current and anticipated problems through mutual collaboration between our team and yours. We solve and alleviate the legal obstacle.
Our team consists of attorneys trained in several countries, including the United States, Germany, and France.
We are a firm built on cooperation and collaboration not only with our clients – but internally within our firm.
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