10 jun 2008

Converting the document into a public deed

After the conditions of the sales agreement have been agreed upon it will be converted into a public deed by being executed before a notary.

The deeds will be registered at the Land Registry after all the expenses and taxes due have been paid. Only legal and administrative documents, not private contracts, may be registered at the Land Registry and this is why it is essential to convert the agreement into a public deed before a notary.

The deeds list all the points to be considered in the purchase of a property: location; specifications, boundaries; surface area; price; method of payment and all the pertinent contractual conditions.

The purchaser will keep the original deeds after all the expenses have been paid and the document has been registered at the Registry.

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