Many sellers make a critical mistake, thinking that signing the notarial deed is the end of the deal. The truth is, there is one last, extremely important administrative step left: the physical transfer of possession and change of lots after the sale of a property.
If you skip this step, you risk receiving a bill for electricity used by the new owner months later, or continuing to be charged property tax. In this fundamental guide, we will take you step by step through the entire process in Bansko to ensure that you end your relationship with the property „clean“.
Attention: Ownership vs. Possession
The notarial deed transfers the property (legal law). But it does not automatically transfer the domain (physical control) and obligations to utility companies. While the electricity and water bills are in your name, you are the owner who is responsible for unpaid bills to the companies, regardless of who actually lives in the apartment.
STEP 1: Handover Protocol (HPP)
This is the most important document after the notarial deed. It draws the "line" between your obligations and those of the new owner.
When and how is it done?
It is usually signed on the day you physically hand over the keys to the buyer (often this is the day you received the money in your account). You meet at the property and draw up a protocol in duplicate, which should contain:
- Date of transfer of possession.
- Accurate readings of measuring instruments: Electricity meter (day and night rate) and Water meter. Take a picture of them with your phone for proof!
- An inventory of the condition of the property and the furniture you are leaving behind (if any).
- Number of keys, access chips and garage/barrier remotes handed over.
With this protocol you declare: “All accounts up to these readings are mine, everything from here on out is the new owner’s.”
STEP 2: Change of Electricity and Water bills in Bansko
This is primarily the responsibility of the new owner, but it is in your interest to follow the process closely. In Bansko, the procedure requires a visit to the local offices of the companies.
A) Electricity (Electrohold / former CEZ)
The new owner has a term of 30 days after acquiring the property, to change the account to his/her own name. If he/she is late, he/she may be charged a fee.
What is needed?
- Copy of the new Notarial Deed.
- Handover protocol with the readings.
- ID card of the new owner.
- IMPORTANT FOR THE SELLER: You must have paid all debts to zero by the date of the protocol. The cleanest option is to go with the buyer to the office, pay the last bill on the spot and immediately submit the application for a change.
Where in Bansko/Razlog? The Electrohold customer center for the region is usually located in Razlog (6 km from Bansko). Check the current address on their website before you go.
B) Water and Sewer (ViK EOOD – Blagoevgrad, Bansko region)
The procedure is similar. The new owner must register as a subscriber.
What is needed?
- New Notarial Deed (copy).
- Transmission and reception protocol with water meter readings.
- Old subscriber number (you can give him your old invoice).
Where in Bansko? The Bansko Water and Sewerage office is located in the city. A visit to the site is the safest way to get a quick replacement.
STEP 3: Deregistration from Bansko Municipality (Tax)
Here the law is categorical: Obligation of the new owner is to declare the property to the Municipality (Local Taxes and Fees Department) within 2 months of the transaction under Article 14 of the Law on Property and Property Taxes.
Does the seller need to do anything?
In theory – no. When the new owner declares the property, the system should automatically deregister it in your name.
In practice in Bulgaria (Expert advice): To be 100% at ease and to avoid errors in the system, it is highly recommended that you go to the Bansko Municipality (or check online if you have access) about 3 months after the sale to make sure that the property is no longer on your tax list. If it is still there, submit a request for deregistration, attaching a copy of the notarial deed of sale.
STEP 4: Relationship with the Complex (Maintenance Fee)
If you have sold an apartment in a gated complex in Bansko, do not forget to notify the House Manager or the Management Company. Introduce the new owner to them and give them his/her contact details. Make sure you have paid your share of the maintenance fee until the date of transfer of possession so that you have no future claims.
Do you want complete peace of mind after the deal?
Our services do not end at the notary. We assist in drawing up the handover protocol and monitor whether the new buyer has completed the necessary change of lots after sale of property, to keep you protected.
Conclusion: The Final Checklist
To sleep peacefully after the sale, make sure you complete these 4 points:
- ✅ Signed transmission and reception protocol with accurate device readings.
- ✅ Keys handed over to the new owner.
- ✅ All electricity, water and maintenance bills paid by the date of the protocol.
- ✅ Notified property manager/complex about the change of ownership.
Only then can you really open the champagne!
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