Best Real Estate Due Diligence Lawyers in Sri Lanka

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Dhammika Ranasinghe
Colombo, Sri Lanka

Founded in 1995
50 people in their team
Sinhala
English
Tamil
Experienced Partner with a demonstrated history of working in the legal services industry. Skilled in Securities, Corporate Law, Corporate Governance, Legal Research, Compliance and Foreign Investment. Strong entrepreneurship professional with a Attorney At Law of the Supreme Court of Sri Lanka...
Paul Ratnayeke Associates
Colombo, Sri Lanka

Founded in 1987
50 people in their team
Sinhala
Tamil
English
Paul Ratnayeke AssociatesPaul Ratnayeke Associates was founded in 1987 by its Senior Partner, Mr. J. H. Paul Ratnayeke to create a more focused, efficient and responsive practice in the fields of Corporate, Commercial, Litigation and Financial law.The firm ensures that all clients’ legal needs...
Nithya Partners
Colombo, Sri Lanka

Founded in 1997
50 people in their team
Sinhala
Tamil
English
INTRODUCTIONNithya Partners was established in 1997 with the goal of delivering a modern and responsive service in corporate and financial law. The Firm is led by a group of Partners who combine a unique blend of multi-disciplinary experience along with an extensive knowledge base of several years...
Simon & Associates
Colombo, Sri Lanka

Founded in 2002
50 people in their team
Sinhala
English
Tamil
Simon & Associates is one of Sri Lanka’s leading legal firms, providing legal counsel and corporate secretarial services to portfolio consisting of local and multinational clients.Led by Simon Senaratna who brings substantial experience in the legal and business sectors, together with Nirosha...
Neelakandan & Neelakandan
Colombo, Sri Lanka

Founded in 1962
200 people in their team
Sinhala
English
Neelakandan & Neelakandan (formerly Murugesu & Neelakandan) is one of the leading and oldest full-service law firms in Sri Lanka and has been in practice for almost 60 years.The Firm was founded in 1962 by the late Mr. Velupillai Murugesu, and built to be recognised as one of the most...
Colombo Law Alliance (CLA)
Colombo, Sri Lanka

Founded in 2012
50 people in their team
Introduction to CLAThe team at CLA brings together extensive experience and expertise in providing specialized legal services to a substantial network of clients both in the private sector and the public sector. These services are provided in connection with litigation, arbitration, negotiation of...
de Livera Associates
Colombo, Sri Lanka

Founded in 1872
200 people in their team
Sinhala
English
Tamil
HISTORY & LEGAL INSPIRATIONThe Firm of De Livera Associates was founded, by Solomon Christoffel Obeyesekere De Livera, popularly known as Christo De Livera, on his retirement from the Attorney General’s Department of Sri Lanka, having served for a period of about three decades and who on his...
DIMEAN LAW CHAMBERS
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
DIMEAN is a premier law firm based in Colombo, Sri Lanka. We aim to provide a personalized service tailored to the specific requirements of our clients. Our attorneys aim to provide innovative legal solutions in various disciplines.DIMEAN is established by a blend of young...
Shums Associates
Dehiwala-Mount Lavinia, Sri Lanka

Founded in 2001
50 people in their team
Sinhala
English
Tamil
About USWe Serve Since 2001We are a full-service commercial law firm, founded in 2001 to serve as a single-window legal service provider in a dynamic commercial environment. Our clients are our greatest assets and we work hard to meet their expectations. This sense of realization of the...
C. Mathew & Co.
Colombo, Sri Lanka

Founded in 1892
200 people in their team
Sinhala
English
Tamil
About Us & Our History"Necessarily in connection with the shipping of so important a port as Colombo there is a large field for the business of ship chandlers and stevedores ; and Messrs. C. Mathew & Co., the leading local firm in this line, conduct operations on an extensive scale. This...
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About Real Estate Due Diligence Law in Sri Lanka

Real Estate Due Diligence in Sri Lanka refers to the process of investigating and verifying the legal and financial aspects of a real estate transaction. This is done to ensure that the buyer or investor is making an informed decision and to identify any potential risks or liabilities associated with the property.

Why You May Need a Lawyer

You may need a lawyer for Real Estate Due Diligence in Sri Lanka in situations such as purchasing land or property, entering into lease agreements, or investing in real estate projects. A lawyer can help you navigate the complex legal requirements, review documents, conduct due diligence, and protect your interests in the transaction.

Local Laws Overview

Key aspects of local laws relevant to Real Estate Due Diligence in Sri Lanka include the requirement to conduct a title search to verify ownership, checking for any encumbrances or liabilities on the property, ensuring compliance with zoning regulations and building permits, and understanding the tax implications of the transaction.

Frequently Asked Questions

1. What is the importance of Real Estate Due Diligence in Sri Lanka?

Real Estate Due Diligence is crucial to identify any risks or potential issues associated with a property transaction and to ensure that the buyer or investor is making a sound investment.

2. How long does Real Estate Due Diligence take in Sri Lanka?

The timeline for Real Estate Due Diligence can vary depending on the complexity of the transaction, but it typically takes a few weeks to a couple of months to complete.

3. What documents are required for Real Estate Due Diligence in Sri Lanka?

Documents required for Real Estate Due Diligence in Sri Lanka include title deeds, survey plans, building permits, lease agreements, and any other relevant legal documents related to the property.

4. Can a lawyer help with negotiating the terms of a real estate transaction in Sri Lanka?

Yes, a lawyer can help you negotiate the terms of a real estate transaction, review contracts, and ensure that your interests are protected in the deal.

5. What are the common risks involved in Real Estate Due Diligence in Sri Lanka?

Common risks in Real Estate Due Diligence in Sri Lanka include undisclosed liabilities on the property, issues with ownership or title, zoning violations, and environmental concerns.

6. How can I verify the ownership of a property in Sri Lanka?

You can verify the ownership of a property in Sri Lanka by conducting a title search at the relevant Land Registry Office or through a lawyer specializing in real estate law.

7. What are the tax implications of a real estate transaction in Sri Lanka?

The tax implications of a real estate transaction in Sri Lanka include stamp duty, capital gains tax, and withholding tax on rental income. It is advisable to consult with a tax advisor or lawyer to understand these implications.

8. What should I do if I discover issues during Real Estate Due Diligence in Sri Lanka?

If you discover issues during Real Estate Due Diligence, it is important to consult with a lawyer to assess the risks, negotiate with the other party, and determine the best course of action to protect your interests.

9. Can I conduct Real Estate Due Diligence on my own in Sri Lanka?

While it is possible to conduct some aspects of Real Estate Due Diligence on your own, it is advisable to seek legal advice from a lawyer specializing in real estate law to ensure that all aspects of the transaction are properly reviewed and verified.

10. How much does it cost to hire a lawyer for Real Estate Due Diligence in Sri Lanka?

The cost of hiring a lawyer for Real Estate Due Diligence in Sri Lanka can vary depending on the complexity of the transaction and the services required. It is recommended to discuss fees and payment terms with the lawyer upfront.

Additional Resources

For more information on Real Estate Due Diligence in Sri Lanka, you can contact the Bar Association of Sri Lanka or the Institute of Real Estate and Valuation in Sri Lanka for guidance and resources.

Next Steps

If you require legal assistance for Real Estate Due Diligence in Sri Lanka, it is recommended to consult with a qualified real estate lawyer who can guide you through the process, review documents, and protect your interests in the transaction.

Lawzana helps you find the best lawyers and law firms in Sri Lanka 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 Real Estate Due Diligence, 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 Sri Lanka - 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.