Completion Time Frame: 2 days
Completion Costs: AZN 100.88
Points to Note:
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

Step 2: Notary notarizes the sale-purchase agreement

Completion Time Frame: 1 day
Completion Costs: AZN 110
Points to Note:
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 Step 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 Step 1 and 2)
Seller’s cadastral package of documents (obtained in Step 3)
Corporate documents of the parties, i.e. charters, foundation agreements, powers of attorney

Step 3: The buyer applies to the state register service to register the property and the mortgage

Completion Time Frame: 1 day
Completion Costs: AZN 213.20
Points to Note:
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.

Step 4 Registration of the buyer’s title to the building and the land at the State Register Service of Real Estate

Completion Time Frame: 7 days
Completion Costs: Already paid in procedure 3
Points to Note:
The buyer receives a document from the State Register Service certifying his/her ownership of the land and the building (all in one document).