Property templates and checklistsLithuania

Buying

• TemplatePurchase offer template
• TemplatePreliminary sale agreement template
• ChecklistBuyer's due diligence checklist

How buying works

1. 1

   Agree on the price

   Buyer and seller agree on the price, often through an estate agent.

2. 2

   Sign a preliminary agreement

   Most sales use a written preliminary agreement (preliminarioji sutartis). It needs no notary. The buyer usually pays an advance (avansas) on signing.

3. 3

   Prepare the loan and documents

   The buyer arranges any bank loan. The seller gets the energy performance certificate and the owners' association certificate that no debts remain.

4. 4

   Notary checks the registers

   Before signing, the notary checks the Real Property Register, the Register of Property Seizure Acts, the Population Register and the legal capacity register.

5. 5

   Sign the notarial deed

   The sale must be a notarial deed, or it is void (Civil Code, CK 6.393). Any notary in Lithuania can certify it.

6. 6

   Hand over the property

   Ownership passes on handover. The parties record it in a handover-acceptance act (perdavimo–priėmimo aktas), usually inside the deed.

7. 7

   Notary registers the new owner

   The notary sends the deed to Registrų centras, which registers the new owner. Notary's fee: 0.37% of the price, at least EUR 76, at most EUR 5,000.

Renting

• TemplateResidential lease agreement template
• TemplateMove-in inventory report template
• TemplateLease termination letter template

How renting works

Governing law

Civil Code, CK 6.576 to 6.616 for homes. The general lease rules (CK 6.477 to 6.503) fill the gaps.

Form

Fixed term: in writing. Open-ended between private persons: may be oral, but only a written lease protects both sides.

Rent and deposit

Set by agreement, within any Government cap (CK 6.583(4)). Revised once a year at most. Deposit: no statutory cap.

Registration

Only a lease registered in the Real Property Register binds a buyer of the home and other third parties.

Notice periods

Tenant: 1 month in writing, at any time. Landlord, open-ended lease: 6 months in writing.

Early end of a fixed term, eviction

Landlord: court only, for serious breach such as 3 months' unpaid rent (CK 6.611). Eviction: court order (CK 6.610).

Renewal

At the end of a fixed term, a tenant who kept to the lease has a priority right to renew it.

Complaints

Breach of lease terms: complain to the State Consumer Rights Protection Authority (VVTAT).