Best Mortgage Lawyers in Tbilisi

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Abashidze & Partners

Abashidze & Partners

Tbilisi, Georgia

Founded in 2013
4 people in their team
Georgian
English
Russian
Established in 2013, Abashidze & Partners is a full-scale business law firm practicing in Tbilisi, Georgia. Law firm specializes in business law and is consists of experienced commercial lawyers capable of advising our clients on the complete range of legal services needed to support their...
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Prime Legal Georgia

Prime Legal Georgia

Tbilisi, Georgia

Founded in 2018
20 people in their team
Georgian
English
Russian
French
German
Prime Legal represents the team of highly qualified jurists and attorneys which ensures full legal support for you, your family members, your company and your employees/co-workers, your business and its development. We also make sure that our clients are legally represented vis-à-vis their...
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Patronus Legal

Patronus Legal

Tbilisi, Georgia

Founded in 2014
8 people in their team
English
Georgian
Established in 2014, Patronus Legal was created by a group of pioneering lawyers who realised that the Georgian legal market was ready for something new - a law firm that uses cutting-edge technology and modern working practices to drive productivity and deliver results.Our advice is industry...
Legal Rights Georgia

Legal Rights Georgia

Tbilisi, Georgia

Founded in 3
15 people in their team
Georgian
English
Russian
Lawyer’s office “Legal Rights Georgia” serves with success in Georgian and international law space. The professional team will help you preparing legal documents and also will help you to defend in general courts, constitutional court and administrative organizations.  Our company...
Legal business advisor

Legal business advisor

Tbilisi, Georgia

Founded in 2014
5 people in their team
English
Georgian
Russian
We deliver full Legal and Financial service for business, including representation in court, government agencies, and other organizations. We also provide consulting on tax, customs, administrative, and state legal issues.Our special lawyer will assist you in the preliminary investigation of...
Conse Law Firm

Conse Law Firm

Tbilisi, Georgia

Founded in 2019
6 people in their team
English
Russian
Georgian
Conse Law Firm provides legal services to domestic and international clients, ranging from complex legal transactions to regular legal matters. Conse Law Firm executes corporate and commercial transactions across a broad range of industries, including telecommunications, aviation, oil and gas,...
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About Mortgage Law in Tbilisi, Georgia

The Mortgage Law in Tbilisi, Georgia is directed by the Civil Code of Georgia and the Law of Georgia on Mortgage. These legislations provide the legal basis for the contractual agreement between a lender and a borrower. In this agreement, the borrower (mortgagor) pledges an immovable property (such as land or real estate) as security or collateral to the lender (mortgagee) for a mortgage loan.

Why You May Need a Lawyer

Despite the straightforward nature of the arrangement, many situations can arise which necessitate the assistance of a legal professional. These can include understanding the intricacies of the mortgage contract, managing disputes related to the mortgage loan, handling foreclosure proceedings or interpreting regulations associated with the mortgage law.

Local Laws Overview

According to Georgian law, a mortgage contract should be made in written form and must be notarized. Non-compliance with these requirements makes the contract invalid. The Law of Georgia on Mortgage establishes that a mortgage over a real property may secure one or several obligations. If not otherwise agreed between the parties, the mortgage collateral is sold in the event of non-fulfillment of the obligation by the obligor. Proceeds from the collateral sale are used to satisfy the right of the mortgagee.

Frequently Asked Questions

What happens if I default on my mortgage payments?

If you default on your mortgage payments, the lender can initiate a foreclosure process to recover the debt. It is best to engage a lawyer in such situations to help you navigate through the complexities of the process and explore potential solutions.

Can I refinance my mortgage?

Yes, according to Georgian law, you can refinance your mortgage. This can be subject to various factors including your credit score, outstanding debt, and the current market conditions. Legal advice can be beneficial in understanding this process and its implications.

Can a lender change the interest rate on my mortgage?

The terms of the interest rate should be specified within your mortgage contract. Unless you have agreed to an adjustable-rate mortgage (ARM), the lender typically isn't allowed to change your rate.

Do I have to insure my property?

Usually, mortgage lenders require borrowers to insure their property to protect their investment. The specifics of such requirements are generally outlined within your contract.

Can I pay off my mortgage ahead of schedule?

Yes, Georgian law doesn't prohibit early repayment of your mortgage. Be sure to consult with a lawyer to understand any potential fees or penalties associated with this.

Additional Resources

You can consult with the National Agency of Public Registry or the Ministry of Justice of Georgia for additional information on real estate and mortgage laws in Georgia. Legal service providers, such as law firms or legal aid organizations, can also be helpful resources.

Next Steps

If you need legal assistance in matters related to mortgage in Tbilisi, consider consulting with a local attorney specializing in real estate and property law. They can provide knowledgeable advice, represent you in any negotiations or proceedings, and help ensure your rights and interests are protected.

Lawzana helps you find the best lawyers and law firms in Tbilisi through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Tbilisi, Georgia—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.