Modifications in the notary procedure

As of July 1, 2011 where proceeding transactions against payment, by which real rights over real estates are established, transferred, amended or terminated, participants in the notary procedure shall declare in the proceeded act that the amount stated in it is the actually agreed payment on the transaction. In this cases payments exceeding the amount of 10 000 BGN shall be done to a special bank account of the notary or to a bank account in a chosen by the parties bank.

01.07. 2011