Utility debts for real estate purchase

Who pays the utility debt for the property purchased?

During the sale and purchase of real estate, we can clearly settle the claims and burdens indicated on the title deed, but there may also be utility or common cost debts that we may not be aware of. However, as a new owner, we are also severely affected even if the debt was incurred under the previous owner.

Is it possible to oblige the current owner of a property to pay the utility debt that arose during the time of the previous owner?

The basic answer would be that, of course, we do not have to pay the previous owner's debt. However, due to the dual nature of the legislation, the legal situation is not that simple.

You can find a comprehensive overview in our Hungarian blog entry. If you are interested in this topic please, contact us for more information in English.