Suppose you buy a business building that has been using a parking lot for years. However, the great-grandfather of the neighbor once said, years ago, a right of way to the terrain, dental help which applies exclusively to pedestrians. The grandson never complained about the cars so far.
However, even before you move into the office, he suddenly put a barrier to it. Stupid deal? Maybe, because this problem would not be insurmountable if Elise Klein Was sink had been allowed to work on the other passage in your contract.
Her company, Title Protection Europe, insurers engage in reimbursing claims from third parties on the ownership of real estate. It also mediates to prevent these claims in the future: for example, the grandson would submit a one-off sum of money for the car use of the road.
Still unknown dental help ?
It is not a product that a European will think about quickly. Not yet at least. In the US, where ownership registration is different, title insurance is commonplace. It arose more than a century ago when descendants of Indians often tried to reclaim the land of their ancestors, rights that the public property registers did not mention. The situation in Europe can change, as buyers increasingly have to use the insurance as a stick behind the door.
Klein Was sink: “In a difficult market, the parties are looking for more security: in France, where I started, the big broker houses are considering offering my product as well, so that the sale of a building does not end in one or two details. , and they can maintain a reasonable price instead of having to comply with it, as a result of a due lack of a more attractive building, and I am convinced that this concept should also be able to work in the Netherlands, for investors whom to reduce the risk of purchasing real estate. “