Registering Property in Azerbaijan

This topic examines the steps, time, and cost involved in registering property in Azerbaijan.

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Property Value: AZN 194,029
City: Baku

	Procedure	Time to complete:	Cost to complete:
1	Verification of title and obtaining a non-encumbrance certificate at the State Service for Registration of Real Estate (SSRRE)	5 days (regular procedure) or 2 days (expedited procedure)	AZN 100.88
2	Notarization of the sale-purchase agreement	1 day	AZN 110
3	The buyer applies to the state register service to register the property	1 day	AZN 213.20
4	Registration of the buyer’s title to the building and the land at the State Service for Registration of Real Estate	20 days (regular procedure), 14 days (faster procedure) or 7 days (fastest expedited procedure)	Already paid in procedure 3

Procedure 1.: Verification of title and obtaining a non-encumbrance certificate at the State Service for Registration of Real Estate (SSRRE)
Time to complete:: 5 days (regular procedure) or 2 days (expedited procedure)
Cost to complete:: AZN 100.88
Name of Agency:: State Registry of Real Estate
Comment:: The buyer should request from the seller or from the Service of State Registry of Real Estate of the Republic of Azerbaijan an updated extract, which allows the buyer to verify the title of the seller and the legal rights attached to the building. The cost of the regular procedure is 90.88 AZN, and it takes 5 days. However, an expedited version is available for a fee of 100.88 and is completed in 2 days.

The documentation shall include:
Standard application form
Fee for the issuance of the certificates

Procedure 2.: Notarization of the sale-purchase agreement
Time to complete:: 1 day
Cost to complete:: AZN 110
Name of Agency:
Comment:: Under the law, the sale-purchase agreement and the transfer and acceptance act duly signed by both parties must be notarized.
In order to get the agreement notarized the seller must provide evidence of his title to the property, i.e. registration certificates (see Procedure 2 and 3). In addition to the above, both the seller and the buyer must provide the notary public with other documents certifying their powers to enter into the sale-purchase agreement, i.e. corporate documents, powers of attorney, etc.
There is no legal requirement for the agreement to be prepared by a lawyer. Accordingly, the parties are free to prepare the agreement themselves.
The stamp duty is paid to the notary, which in turn he shall transfer to the Treasury within 2 banking days since the date of receipt of the duty. However, in practice the stamp duty can be paid at a commercial bank. If the parties pay at the bank, receipt of payment should be submitted.

The documentation shall include:
Sale-purchase agreement and transfer and acceptance act
Registration certificates (Obtained in Procedure 1 and 2)
Seller’s cadastral package of documents (obtained in Procedure 3)
Corporate documents of the parties, i.e. charters, foundation agreements, powers of attorney

Procedure 3.: The buyer applies to the state register service to register the property
Time to complete:: 1 day
Cost to complete:: AZN 213.20
Name of Agency:: State Registry of Real Estate
Comment:: Registration of the land as well as the property takes place simultaneously at the State Register Service of Real Estate of the Republic of Azerbaijan. The Registry has to complete the registration within 20 days for a fee of 101.10 according to the articles 9.2 and 13.7 of the law "On the State Register Service of Real Estate". As of September 28, 2006 the following expedited versions are also available: 14 days - 151.65 AZN and 7 days - 202.20 AZ. In addition, a state duty of 11 AZN is also collected.

Procedure 4.: Registration of the buyer’s title to the building and the land at the State Service for Registration of Real Estate
Time to complete:: 20 days (regular procedure), 14 days (faster procedure) or 7 days (fastest expedited procedure)
Cost to complete:: Already paid in procedure 3
Name of Agency:: State Registry of Real Estate
Comment:: The buyer receives a document from the State Register Service certifying his/her ownership of the land and the building (all in one document).