Legal Due Diligence Before Purchase
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Inspect the property physically: The buyer should inspect the property for visible defects. Under Lithuanian law, buyers cannot claim compensation for defects that were visible and could have been discovered during inspection.
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Review title documents:
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Certificate of ownership (title) and
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Certificate of encumbrances (mortgages, servitudes, leases, etc.) should be reviewed.
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These documents can be requested from the State Enterprise Centre of Registers or provided by the seller.
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Foreign Ownership Restrictions
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EU/EEA citizens and companies: No restrictions on owning property.
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Non-EU/EEA individuals: May require permission from the Ministry of National Defence if the property is located in a strategic or protected area.
Buying Through a Company
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Legal entities (including newly formed companies) can purchase property.
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If the company has not been established at the time of signing the purchase agreement, a representative can act on its behalf.
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The representative may bear personal responsibility until the company is registered.
Anti-Money Laundering (AML) Rules
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Real estate agents, banks, and lawyers must follow AML regulations:
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Identify the buyer and verify source of funds.
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Monitor suspicious transactions.
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Buyers should be prepared to provide documents confirming the origin of funds.
Taxes and Costs
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Registration fee: Payable to the Real Property Register.
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Legal and notary fees: Often range from EUR 300–1000+.
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Real estate agent’s fee: Typically 1%–3% (if applicable).
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Lawyer’s fee: Recommended for legal review and due diligence.
Required Documentation
Buyers should be ready to present:
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Personal ID card or passport (individuals).
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Company extract from the Register of Legal Entities (if buying as a company).
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Power of attorney, if the transaction is handled by a representative.
Off-Plan Property Precautions
When buying property under construction:
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Verify that the developer legally owns the land.
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Check that construction and zoning permits are valid.
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The contract should clearly state:
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Project description and timeline,
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Total price and prepayment terms,
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Refund conditions in case of delays or default.
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Self-Building Tips
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Contact the municipality’s building inspection department for zoning and permit requirements.
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Choose a reliable licensed contractor and sign a written contract.
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Hire an independent construction supervisor to monitor works.
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Ensure final inspection is performed by a municipal inspector before using the building.
Ongoing Costs of Property Ownership
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Real estate tax (annual, depending on value and use).
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Utilities: Water, electricity, heating, waste removal.
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Maintenance and repairs: For apartments, monthly charges apply via the building administrator.
Selling a Property: Seller’s Legal Obligations
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The seller must disclose known defects.
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Failure to do so may result in liability and compensation claims.
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It’s recommended to arrange a technical inspection before sale to avoid future disputes.
