Real estate
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Real estate

The real estate industry spans many areas of law and constitutes a central part of the Norwegian economy. 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 a wide range of actors in the real estate industry, such as property owners, developers, investors, project owners, contractors, landlords, tenants, operating companies, public authorities, insurance companies, real estate agents, and private individuals. The work consists of ongoing advisory services, contract work, and dispute resolution. We also assist with clearing and executing real estate transactions, disputes under the Alienation Act, and matters within property law and expropriation.

Our attorneys have broad experience from various roles, both as external and in-house counsel, and from the courts and public administration. This provides in-depth knowledge of both the law and the framework conditions the industry operates within, as well as an understanding of how we can assist clients as efficiently as possible. Our lawyers are popular speakers and are actively engaged in the public debate and the development of case law in the field. The team’s Network for Real Estate Actors has become a popular forum for sharing experiences, discussions, and building new connections.

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.

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