Real estate

Real estate is permanently fixed in one location. This includes the land and everything that is built on the land and stands firmly on it. Real estate for business includes real estate owned by the business, such as:

• Land
• Buildings
• Minerals and fossils

A written contract is necessary for the origination of the right to real estate on which the authenticity of the signatures of the parties is verified by the relevant registration service of the public registry or a notary and the registration of the written agreement in the public registry. After completing this stage, it is desirable to insure the real estate against risks caused by human factors as well as natural disasters. Note that land is a non-insurable asset.