Sale and Purchase Agreement/Contract

Based on a purchase agreement, the seller must hand over the asset in question and its ownership rights to the buyer, while the buyer is obliged to pay the purchase price, and take over the asset. It is important to note that a foreign private individual, who wishes to take up residence in Hungary as an agrarian grower, and has been living in Hungary continuously and legally for at least three years, and has been working as an agrarian grower in the same period, can also gain the ownership rights of an agricultural land, and can gain the ownership rights of a farm under the same conditions as Hungarian citizens.