In this video by Akar Real Estate, Maria, the manager of a car real estate company, explains the significance of TAWKIL for flat in Hurghada. TAWKIL is a revocable power of attorney from the previous apartment owner to a new one, and it is issued at the state notary office. Maria highlights the different types of TAWKIL, such as the standard TAWKIL with standard rights like resale, and the rare type where the right to resell the apartment is held by the previous owner. She also mentions the importance of keeping the TAWKIL document safe and lists the steps involved in obtaining one. Maria concludes by inviting viewers to contact them for any further questions or assistance.
Overall, the video serves as a comprehensive guide to understand the purpose and implications of TAWKIL for purchasing or selling a flat in Hurghada.
Types of TAWKIL for flat in Hurghada
Standard TAWKIL with standard rights
The standard type of TAWKIL for a flat in Hurghada grants the buyer all the standard rights, including the right to resell the property. This means that the buyer has full ownership of the property and can freely sell it in the future without any restrictions.
TAWKIL with multiple owners
There is also a type of TAWKIL that allows for multiple owners to be listed on the document. This means that the property can have one, two, three, or even four owners. However, it is important to note that if the owners decide to sell the property in the future, all the owners listed on the TAWKIL must be present during the sale.
TAWKIL with right to resell held by previous owner
In some cases, the right to resell the property is held by the previous owner rather than the current owner. This type of TAWKIL is commonly found in compounds where the management company wants to maintain control over the ownership and sale of the properties. While this type of TAWKIL is rare, it does exist and should be considered when purchasing a flat in Hurghada.
Rare type of TAWKIL for compounds with management control
In certain compounds in Hurghada, there is a rare type of TAWKIL that gives the management company control over the ownership and sale of the properties. This type of TAWKIL is designed to prevent any unwanted or disruptive owners from purchasing or selling properties within the compound. While this type of TAWKIL is uncommon, it is important to be aware of its existence.
Process of Obtaining TAWKIL for flat in Hurghada
Presence of seller at state Notary office
To obtain a TAWKIL for a flat in Hurghada, the seller of the property must be present at the state Notary office. The TAWKIL is a revocable power of attorney that is issued by the Notary office, and the seller needs to be physically present to authorize the transfer of ownership to the buyer.
Transaction through company and lawyer
If the transaction is facilitated through a real estate company, the seller will accompany the company’s lawyer to the state Notary office. This ensures that the process is handled correctly and in accordance with the laws and regulations of Hurghada. The company’s lawyer will guide the seller through the necessary steps to obtain the TAWKIL.
Passport data sufficient for buyer
As a buyer, you do not need to personally be present at the state Notary office. Your passport data is sufficient for the issuance of the TAWKIL. This means that you can rely on the seller, the real estate company, and their lawyer to handle the process on your behalf.
Fixing mistakes in TAWKIL
If there are any mistakes in the TAWKIL, such as errors in your name or passport data, the seller can return to the state Notary office with the necessary corrections. The seller will provide a copy of your passport that reflects the correct information, and the Notary office will make the necessary amendments to the TAWKIL.
Rights and Limitations of TAWKIL for flat in Hurghada
Standard rights including resale
The TAWKIL grants the buyer all the standard rights associated with property ownership, including the right to resell the flat in Hurghada. With a standard TAWKIL, the buyer has the freedom to sell the property at any time without any restrictions.
Need for presence of all owners during sale
For TAWKILs that have multiple owners listed, it is important to note that all the owners must be present during the sale of the property. This ensures that all parties are in agreement and that the sale is conducted smoothly.
Trust required in TAWKIL allowing sale without mutual agreement
In cases where a TAWKIL allows one owner to sell the property without the agreement of the other owner(s), trust becomes a crucial factor. The buyer must trust that the other owner(s) will not misuse this power and sell the property without their consent. It is essential to carefully consider the dynamics and relationships between the owners before entering into such an agreement.
Inclusion of children in TAWKIL for inheritance purposes
One unique aspect of the TAWKIL for a flat in Hurghada is the option to include your children in the document. By including your children, you ensure that they will inherit the property in the event of your death. This provides peace of mind and helps secure the future of your family.
Important Considerations for TAWKIL for flat in Hurghada
Procedure is free of charge for customers of certain companies
For customers of certain real estate companies, the process of obtaining a TAWKIL for a flat in Hurghada is free of charge. This can be a significant benefit, as it eliminates the additional expense that would be incurred if you were to handle the procedure independently.
Complexity of process for self-preparation
Preparing the TAWKIL independently can be a complex and time-consuming process. It involves various steps, such as paying taxes, filling out forms, and preparing the template for the TAWKIL. Without proper knowledge and experience, it can be challenging to navigate these requirements effectively.
Need for a lawyer and native Arabic speaker
Due to the intricacies of the TAWKIL process, it is highly recommended to seek the assistance of a lawyer who is familiar with the laws and regulations of Hurghada. Additionally, having a native Arabic speaker present can facilitate effective communication with the state Notary office and ensure that all necessary documentation and information are correctly provided.
Translation of TAWKIL for better understanding
While it is not necessary for customers of certain real estate companies, it is possible to have the TAWKIL translated for better understanding. This translation, however, is not considered official. If there are any special circumstances or non-typical cases, it is always advisable to discuss these matters with the clients and the real estate company before proceeding with the TAWKIL procedure.
Contents of TAWKIL for flat in Hurghada
Listing of previous owners
The TAWKIL for a flat in Hurghada includes a list of all the previous owners of the property. This list is presented in chronological order from the first owner to the most recent one. It is essential to keep these records accurate and up to date for future reference and potential resale of the property.
Importance of preserving copies
It is crucial to preserve copies of the TAWKIL for a flat in Hurghada. Having copies of the document readily available makes it easier to restore the TAWKIL in case it is lost. As a general rule, it is always recommended to keep important documents, such as the TAWKIL, in a safe place to prevent loss or damage.
Complete package of documents provided by companies
Reputable real estate companies in Hurghada ensure that their customers receive a complete package of documents related to the TAWKIL. This package includes all the necessary paperwork and records to guarantee the legality and authenticity of the TAWKIL. This comprehensive package provides peace of mind and ensures that all the necessary documentation is in order.
Recovery of Lost TAWKIL for flat in Hurghada
Importance of keeping copies
In the event that the TAWKIL for a flat in Hurghada is lost, having copies of the document becomes essential. Keeping copies of the TAWKIL in a safe place makes it much easier to restore the document if needed. Losing the original TAWKIL can cause delays and incur additional costs in the restoration process.
Assistance from lawyer to restore lost TAWKIL
If the original TAWKIL is lost, a lawyer can provide valuable assistance in the process of restoring the document. While this process may take some time and may involve additional costs, having a knowledgeable lawyer by your side can help streamline the restoration process and ensure that all necessary steps are followed.
Conclusion
In conclusion, the TAWKIL for a flat in Hurghada is a vital document that grants the buyer certain rights and responsibilities. There are different types of TAWKILs, each with its own set of conditions and limitations. The process of obtaining a TAWKIL involves the seller’s presence at the state Notary office, while the buyer’s passport data is sufficient for the issuance of the TAWKIL.
It is important to understand the rights and limitations associated with the TAWKIL, as well as the implications of including multiple owners or granting the right to resell to a previous owner. The process of obtaining a TAWKIL can be complex, and it is recommended to seek the assistance of a lawyer and a native Arabic speaker.
Preserving copies of the TAWKIL and ensuring the accuracy of its contents is crucial. Reputable real estate companies provide a complete package of documents to their customers, ensuring the legality and authenticity of the TAWKIL.
In the event of a lost TAWKIL, having copies and seeking assistance from a lawyer can help with the restoration process. It is essential to keep important documents, including the TAWKIL, in a safe place to prevent loss or damage.
Overall, understanding the TAWKIL process and its implications is essential for anyone considering purchasing a flat in Hurghada. By familiarizing yourself with the different types of TAWKILs, the process of obtaining one, and the rights and limitations associated with it, you can make informed decisions and ensure a smoother transaction.