A dismissal by the employer is not only an HR decision but also a legal risk. Below we summarise what a company must consider if it wants to terminate an employee’s employment lawfully. Dismissing an employee is a sensitive decision in the life of many companies. An employee’s performance may be inadequate, a position may...Read More

In the course of a company’s operations, it may happen that the business runs into payment difficulties. Customer payments fail to arrive, supplier debts grow, tax debt builds up, or a creditor sends a payment notice, an order for payment, or even a liquidation petition. One of the most common questions managing directors ask at...Read More

When buying a property, one of the most important questions for both buyer and seller is when the purchase price must be paid. Many people believe that the full purchase price must be paid when the sale and purchase agreement is signed, but in practice a different payment schedule is used in a significant proportion...Read More

One of the most frequent questions when buying or selling a property is how long a property sale and purchase takes, that is, how much time passes from the agreement to the acquisition of ownership and the handover of possession. The answer depends on whether the transaction is a cash purchase or financed by a...Read More

In real estate transactions, one of the most common questions arising early in the negotiations is who chooses the lawyer. Many buyers and sellers believe there is a mandatory statutory rule on this, but the reality is simpler: the parties are free to agree on which lawyer should draft the sale and purchase agreement. Nevertheless,...Read More

When transferring ownership of real estate, the question often arises whether a gift or rather a sale and purchase is the more favourable solution for the parties. This dilemma is particularly common when assets are transferred between family members, where the parties do not necessarily wish to settle ownership on a commercial basis. Although a...Read More

Usufruct is one of the most common encumbrances in Hungarian real estate law. It is particularly frequent in cases of inheritance, gift or transfers of assets within a family, where ownership and the right of use become separated. Many people believe that a property encumbered by a usufruct right cannot be sold, or that the...Read More

On the property market you will often come across houses, semi-detached houses, terraced houses or family homes held in undivided co-ownership. Although these properties are often available at a more favourable price than condominium units or properties with their own separate land registry number, buying them requires increased care. Buying a property in undivided co-ownership...Read More

Buying real estate is one of the most significant financial decisions in most people’s lives. When choosing a flat or a house, buyers usually focus on the property’s condition, location and price – yet examining the legal status of the property is at least as important. Many people believe that the lawyer’s task is limited...Read More

When buying real estate, a vehicle or entering into another high-value transaction, the question often arises whether the parties should pay earnest money (foglaló) or an advance payment (előleg). Although in everyday usage many treat the two terms as synonyms, from a legal perspective there is a significant difference between them. The difference becomes especially...Read More