Note 1: Be advised: We are not real
estate agents so we work to find the property
that best meets YOUR requirements. Our Gold active search fee is
less than half that
charged by reputable Prague companies for the same services.
"When investigating property abroad, it is easy to be misled by people with vested interests in
particular developments or companies. An independent agent can save hours of abortive time,
avoid frustrations and answer the many questions which arise at all stages in a search and purchase."
- John Thornton (Settle, UK)
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Note 2: These services are essential to guarantee the success of your
investment. For example,
did you know that in the Czech Republic if
property taxes are unpaid at the time of buying these become
the responsibility of the new owner? This knowledge alone can save
you the price of this commission fee.
The initial fee of 25 000 CZK is due whether or not a purchase agreement
is signed. This is to cover our time and costs on negotiating the purchase as well as
performing the due diligence on the property. However, you will not be
charged this again if negotiations involve more than one property and one is
eventually purchased. Only the percentage on property value above 300 000 CZK will be charged.
Czech Point 101 is a licensed real estate company and as such we are usually able to split the commission on a
property with the listing agency. In Brno the commission is always paid by the buyer. In Prague it is
paid either by the buyer or split between the buyer and seller. The real estate agent's commission is commonly 5%.
However, since we can typically can share split this with the listing real estate agent our
closing service is actually
only 0.5%. This covers ALL closing costs including legal
fees, title search, notary fees (typically 1% of property price) and land registry fees.
Example closing costs on property using Czech Point 101:
All prices listed in CZK
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Property closing price:
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1 250 000
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CZ 101 fee on first 300 000:
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25 000
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CZ 101 fee on remainder (3% of 950 000):
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28 500
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Real Estate Agent Commission (2.5%):
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31 250
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Total Cost of Closing Using CZ 101:
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84 750
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Example closing costs on property NOT using Czech Point 101:
All prices listed in CZK
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Property closing price:
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1 250 000
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Legal Fees (typical):
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40 000
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Notary Fees (1%):
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12 500
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Real Estate Agent Commission (5%):
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62 500
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Total Cost of Closing NOT Using CZ 101:
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115 000
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These fees do not include travel costs or extra time required if the
purchase requires meetings outside of
the cities of Brno or Prague where our offices are located.
Note 3: Our Property Management service includes:
1. Finding/screening renters when new ones are needed
2. Provision of contractual agreements
3. Collection of rent on a monthly basis
4. Arrangement for the transfer of utilities into the tenant's name
5. Organization of contractors in case of repairs in the flat but not payment of the contractors themselves
6. Monthly statements
7. Holding of the damage deposit
8. Interaction with the management committee in the building
Our Property Management service does not include:
1. in case of non-payment by the tenant, the lost rent or cost of evicting the tenant
2. legal fees should there be a tenant conflict or liability issue
3. project management of reconstruction or construction costs
4. attendance of the actual building committee meetings
Note: We get paid only when your rent is paid!
About Our Fees: An Important Note for You
- We work for YOU and in your interests - protecting your investment.
- Real estate agents here are not licensed or accredited ::
Read More
- Your investment will meet all business and tax laws.
- We are always available to talk to.
'From Scratch' or New SRO Setup Packages
| Description of Service |
Platinum |
Gold |
Silver |
All Setup Fees (legal, notary, Commercial Court and consulting) |
 |
 |
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Bound Copy of All Registration Documents (includes memorandum of association, certificate of incorporation, etc.) |
 |
 |
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| SRO Bank Account Setup |
 |
 |
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| Retrieval of Bank Initial Capital Excerpt |
 |
 |
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| 1 x Legal Czech translation |
 |
 |
 |
| 1 x Trade License (unqualified) |
 |
|
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| Representation for Czech Criminal Record |
 |
|
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| Remote Setup (i.e. signing outside of Czech Republic) |
 |
 |
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| Total (in CZK): |
55 000 |
53 000 |
50 000 |
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Complete SRO (Czech Limited Liability Company)
This price includes all stamps, legal, Commercial Court and consulting fees as well as bank account setup, one legal
Czech translation and one trade license.
|
59 000 CZK
('Off-the-Shelf') |
Complete A.S. (Czech Joint Stock Company)
This price includes all stamps, legal, Commercial Court and consulting fees as well as bank account setup, one legal
Czech translation and one trade license.
|
110 000 CZK |
Registered Office (Sidlo) Service
(4 month minimum)
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1 400 CZK mo.
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SRO (all) Tax Registration
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3 000 CZK one-time fee
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Note: All prices listed in CZK. Click
here for
latest
conversion rates.
All fees subject to VAT tax.
|
Changes to Commercial Register for SROs
(included changing Jednatel, Sidlo, trade licenses, etc.)
|
17 500 CZK
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Sole Trade License
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13 000 CZK
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Hourly Legal Work
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1 600 CZK/hr
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Transfer of Services to New Owner (water, gas and electricity)
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1 500 CZK each
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Arranging of Property Insurance
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1 500 CZK each
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Registration of a Property for Property Tax
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1 500 CZK each
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Legal Translation (Birth Certificate, Criminal Record, etc.)
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750 CZK/page
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Legal Translation in a Text Editor such as Word (Purchase Contracts, Pre-purchase Contracts, etc.)
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350 CZK/page
(standard page is 1800 characters including spaces)
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Business Market Analysis Reports
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500 CZK/hr
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Relocation Assistance
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500 CZK/hr
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Need additional services not listed here?
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Contact Us
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Note: All prices listed in CZK. Click
here for
latest
conversion rates.
All fees subject to VAT tax.
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