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Real estate

Our real estate attorneys have extensive, solid experience and assist our clients in managing the value inherent in their property portfolios with a holistic perspective, across the various legal disciplines.

Expertise in property law matters

Bull’s real estate department assists stakeholders across the property sector — from owners, developers, and investors to contractors, landlords/tenants, operating companies, public authorities, insurers, brokers, and private individuals. We provide ongoing advisory services, contract work, and dispute resolution, as well as support with real estate transactions, disputes under the Alienation Act, property law, and expropriation.

Our lawyers have broad experience from in-house and external practice, the courts, and public administration, giving solid industry insight and efficient assistance. We are active speakers and closely follow legal developments. The team’s “Network for Real Estate Actors” has become a popular forum for sharing experiences, discussion, and networking.

Our services include, among other things:

    • Spatial planning
    • Development agreements and other agreements
    • Construction and reimbursement for technical infrastructure
    • Pollution legislation
    • Sectioning (condominium subdivision)
    • Applications for exemptions
    • "Borettslagsmodellen"
    • Claims for defects in property purchases
    • Owner-occupied sections/housing cooperatives/new home purchase models, etc.
    • Rental, operation, and management
    • Assistance with DD
    • Advisory services for purchases and sales
    • Real estate brokerage / settlement assignments
    • Concession/agricultural property
    • Co-ownership legislation
    • The Fencing Act
    • The Neighbour Act
    • The Servitudes Act
    • Land consolidation

Useful insight:

  • When multiple generations, in-laws, children, and grandchildren are to share a property, tensions often arise. Here are some tips for what you can do in such cases:

    1. Start with a friendly conversation with the other co-owners to identify where the problems lie.

    2. Consider a written co-ownership agreement to regulate use, shared expenses, etc.

    3. Consider a sale or buyout, but collaborate on obtaining valuations.

    4. If the conflicts are unbearable and agreement is not possible, a forced dissolution of the co-ownership will often be the only solution. The property will then be sold on the open market, but through an assistant/agent appointed by the district court.

  • The cooperative housing model is a method of structuring the sale of real estate, such as a rental property, which reduces capital gains tax for the seller. Normally, the sale of property, whether as shares in a company or as individual units, triggers significant capital gains tax if the property has appreciated in value over time. By using the cooperative housing model, this historical appreciation is removed, meaning the seller effectively avoids paying capital gains tax upon the sale.

  • The Ground Lease Act regulates the lease of land for residential homes and cabins. It applies to all ground lease arrangements, grants the lessee statutory rights, and cannot be derogated from to the detriment of the lessee. Read more here about redemption, ground rent, and your rights as a lessee (norwegian article).

  • You may require redemption after 30 years. The price is normally 25 times the annual ground rent, but in some cases the lessor may claim 40% of the land value—an issue that has not yet been finally settled by the courts. Read more in our article about ground leases (norwegian article).

  • Owner’s costs - such as insurance, financing, and replacement of technical installations - must be covered by the landlord. Common costs are operating-related costs that may be passed on to the tenant. The distinction is not always clear and should be defined precisely in the lease agreement. Learn more in our article about costs in commercial leases (norwegian article).

  • Owner’s costs—such as insurance, financing, and replacement of technical installations—must be covered by the landlord. Common costs are operating-related costs that may be passed on to the tenant. The distinction is not always clear and should be defined precisely in the lease agreement. Read more about maintenance responsibility in this article (norwegian article).

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