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Property and Real Estate Financings in Montenegro |
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Written by Editor
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Security used in Real Property Financings
:: Editor Notes: Mortgages are very popular in Montenegro. Make shure when aquiring a Property to run run a check at the cadastre of immovable property
-- Mortgages in Montenegro --
Mortgages are created on the basis of an agreement, judicial decision or by operation of law.
- The mortgage creditor has no right to use or dispose of the real property during the period of validity of the mortgage.
- The mortgage has to be registered in the cadastre of immovable property and is published on the web site of that Agency.
- The agreement has to be concluded in written form and certified by the competent entity. The mortgage terminates automatically when the debtor fullfills its obligations.
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