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Beyond the Title Deed: Key Legal Risks in Commercial Real Estate Transactions in North Macedonia

A plot of land may look perfect for a commercial project, but the title deed can tell a different story.

Our new brochure, prepared by Elena Kuzmanovska, Senior Associate in JPM & Partners’ Skopje office, looks at the issues investors most often meet when buying or leasing commercial property in North Macedonia:

• Co-ownership: who needs to sign, and how pre-emption rights affect the deal
• State co-ownership: why the state’s share may require a public tender, and how to reflect this in the pre-contract
• Mortgages: why the risk stays with the property, and how to protect both buyers and tenants
• Other entries in the title deed: disputes, prohibitions on disposal, easements and enforcement annotations
• Contractual protection: turning due diligence findings into conditions precedent, seller obligations and payment safeguards

These issues do not necessarily prevent a deal from going ahead, but they affect its structure, timing and legal certainty. A good due diligence exercise should answer three questions: who needs to sign, what needs to be resolved or approved, and in what order the transaction should proceed.

Download the brochure (PDF) here .

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JPM Law Office
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