1. Consulting your notary
This is the first step to take when a property is involved between two divorcing spouses. Consulting a notary will help you explore all the possibilities available to you. As Thibault Cooremans, Director of Residential Sales at Trevi, emphasizes, your notary will establish a framework that will guide you during the future sale process of the property:
- What can you do or not do during the sale? Do you have the right to sell alone if you bought the property on your own? Be aware that it’s not that simple.
- Do you want to sell the house or apartment, rent it, or buy out your partner’s share?
- What percentage do you own?
- Is the property in co-ownership or not?
- Can you recover the VAT or registration fees if you recently purchased the property?
An agreement between both spouses will also be discussed. Regardless of the strategy adopted for the property, it is essential to reach an agreement to avoid complications and expedite the sale or rental process. The notary will address all these points with you and answer all your questions.