Best Mortgage Lawyers in Tirana

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Andoni Law & Tax

Andoni Law & Tax

1 hour Free Consultation
Tirana, Albania

Founded in 2019
6 people in their team
English
Italian
Albanian
About Andoni Law + TaxWelcome and thank you for exploring Andoni Law + Tax. We invite you to connect with our firm, where your aspirations and challenges become our focus.At the heart of Andoni Law + Tax lies our profound industry expertise paired with top-tier legal acumen, positioning us to craft...
KALO & ASSOCIATES

KALO & ASSOCIATES

Tirana, Albania

Founded in 1994
50 people in their team
Albanian
English
HistoryFounded by Perparim Kalo in 1994 KALO & ASSOCIATES has been in the forefront of legal services in Albania and Kosovo in representing prominent business organizations and IFIs, including many Fortune 500.The Firm enjoys international reputation and is “best friend” to many...
ES Law Firm

ES Law Firm

Tirana, Albania

Founded in 2007
10 people in their team
Albanian
English
ELION SHKODRANIFounding PartnerElion Shkodrani is a qualified lawyer, with extended experience since 2007, assisting both private clients and public partners, including Albanian government and international institutions.In relation to private clients, his practice focuses mainly on Business law,...
Legal and Professional Services Albania - LPA Law Firm Albania

Legal and Professional Services Albania - LPA Law Firm Albania

Tirana, Albania

Founded in 2011
19 people in their team
Albanian
English
Italian
French
LPA Legal is a Leading Albanian law firm, situated in the capital Tirana. Today, the firm is considered to be the leading law firm in the field of business law and energy & natural resources law. Our team of 19 experienced lawyers provides a highly qualified service to our international and...
TIVARI Law Firm - Attorneys at Law

TIVARI Law Firm - Attorneys at Law

Tirana, Albania

Founded in 2011
7 people in their team
Albanian
English
Italian
Turkish
French
Tivari & Hareçari law firm was created in 2011 by lawyers Att. Idlir Tivari and Att. Elda Hareçari. Our law firm aims at providing their clients with legal services and representation in national and international jurisdictions at all levels, fiscal and financial consultancy, through a...
Alimadhi Law

Alimadhi Law

Tirana, Albania

Founded in 2000
50 people in their team
Albanian
English
The firm assists natural persons, private or public bodies in the drafting of the documentation including but not limited to requests, contracts, agreements, complaints, appeals and any other legal act in accordance with their requirements.The firm assists natural persons, private or public bodies...
Hashtag Lawyers

Hashtag Lawyers

Tirana, Albania

Founded in 2021
5 people in their team
Albanian
English
Driving your businessWe understand that starting and running a business can be complex, and that's why we're here to help. Our legal services include incorporation, contract drafting and review, intellectual property protection, and M&A. We are specialized in new technologies and startup...
SettingLaw

SettingLaw

Tirana, Albania

Founded in 2000
50 people in their team
Albanian
English
SettingLaw aspires to be the foremost innovative law firm by building long-term relationships with clients based on reciprocity, trust and highest standards of professional ethics. By adopting new models for the delivery of legal services, we strive to redefine the role that a law firm plays in an...
ASL Tax & Legal Advisors

ASL Tax & Legal Advisors

Tirana, Albania

Founded in 1997
50 people in their team
Albanian
English
Legal ServicesCorporate and Commercial LitigationAntitrust & Competition LawDispute ResolutionRegulatory ComplianceContracts and third-party riskDeals and FinanceWorkforce and PeopleReal Estate LawCivil and Administrative LawInternational TaxTax Strategy and OptimizationCross Border...
Tafaj Legal Studio

Tafaj Legal Studio

Tirana, Albania

Founded in 1992
50 people in their team
Albanian
English
Tafaj Legal Studio was founded in 1992, by lawyer Sinan Tafaj, with initial license no. 252, as one of  the first lawyers after the fall of communism. Our office aims to provide consultancy and specialized services in the field of human rights, civil matters, as well as in the field of...
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About Mortgage Law in Tirana, Albania

Albanian mortgage law is a blend of ancient principles and modern regulatory frameworks. It covers the rules and regulations governing buying, selling, and mortgaging property in Albania, particularly in Tirana, the capital city. A mortgage is a legal instrument which gives the lender a conditional right on the borrower's property. Essentially, if the borrower fails to meet their loan obligations, the lender has the right to seize the property and sell it to recover the debt.

Why You May Need a Lawyer

The process of getting a mortgage in Tirana, like in many cities, can be complex and challenging for those unfamiliar with legal terminology and the procedures. A lawyer provides insightful advice on the mortgage process, helping you understand potential risks, liabilities, and the terms of your agreement. This can be beneficial in situations such as negotiating loan terms with your bank, dealing with mortgage default scenarios, or when you want to restructure your mortgage.

Local Laws Overview

In Tirana, and Albania generally, the lending bank usually prepares the mortgage agreement, but it should always be reviewed by your own lawyer. The lender's rights over the property in case of a mortgage default are strongly protected. Another important element to note is that, unlike many jurisdictions, Albanian laws allow banks to start enforcement proceedings immediately after one missed payment. Additionally, foreign individuals and companies are allowed to own property and take out mortgages, but there are some restrictions to note, particularly concerning agricultural and woodland properties.

Frequently Asked Questions

Can foreigners get a mortgage in Tirana, Albania?

Yes, foreigners can get a mortgage in Tirana, Albania but certain restrictions apply, most notably when it comes to farmland and woodland properties.

What happens if I default on my mortgage in Tirana?

If you default on your mortgage in Tirana, the bank has the right to start enforcement proceedings immediately. They can seize the property and sell it to recover the debt.

Can I negotiate for better loan terms?

While the bank usually prepares the mortgage agreement in Albania, it's still possible for you or your legal representative to negotiate better terms.

Do I need to hire a lawyer when mortgaging a property in Tirana?

Although it's not compulsory, hiring a lawyer is often beneficial. They can help you understand the mortgage terms, negotiate better conditions, and guide you through the legal process.

What happens if the mortgaged property’s value goes below the loan amount?

If the property’s value goes below the loan amount, you're still obligated to repay the entire loan. You may want to consider discussing options with your bank or seeking legal advice on how best to handle such a situation.

Additional Resources

You might find helpful information from the Albanian Real Estate Agency and the National Housing Agency. It’s also suggested to contact the local bar association, they can provide a list of lawyers specialising in real estate law.

Next Steps

If you need legal assistance with a mortgage in Tirana, begin by seeking legal counsel with expertise in Albanian real estate law. Make a list of your concerns and questions before your appointment to ensure you cover all pertinent issues. Ask for clarification on anything you don't fully understand, like terms and conditions of the loan, and ensure you're familiar with the entire mortgage process and potential risks.

Lawzana helps you find the best lawyers and law firms in Tirana 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 Tirana, Albania—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.