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The most important aspects of the deed of public sale

The deed by public sale is an important one legal document that is drawn up when a property, such as a house or a piece of land, is sold at public auction. In this article we will explain the most important aspects of this document in plain language.

What is a deed of public sale?

A deed by public sale is a notarised document containing all agreements and terms relating to the sale of a property. This document is drawn up by a notary and is binding on both the seller and the buyer.

What is contained in a deed of public sale?

In a deed by public sale the following items are listed, among others:

• The identity of the seller and the buyer
• The description of the property for sale
• The price of the property
• The payment terms
• Any dissolution terms
• The date of the Handover

Why is a deed of public sale important?

A deed by public sale is important because it forms the legal basis for the sale of a property. It offers protection to both the seller and the buyer and ensures that both parties must adhere to the agreements made.

Conclusion

The deed by public sale is an essential document in the sale of real estate by public auction. It contains all agreements and terms between the seller and the buyer and offers protection to both parties. It is therefore of great importance that this document is carefully drafted and adhered to.

Frequently asked questions

What does Ecrivus Multimedia do?

Ecrivus Multimedia is a full-service translation agency specialized in sworn translations and apostilles. They provide professional translation services for a wide range of documents and languages.

What types of official documents can be translated?

A translation agency such as Ecrivus Multimedia can translate the following documents, among others:

• Birth certificates
• Marriage certificates
• Separation Agreements
• Criminal records
• Notarial deeds
• Diploma's and certificates
• Passports and IDs
• And much more…

In which languages can official documents be translated?

A translation agency such as Ecrivus Multimedia can official documents translate into the following languages, among others:

• English
• Spanish
• French
• German
• Italian
• Russian
• Chinese
• Arabic
• Portuguese
• Dutch
• And much more…

A deed by public sale is an official document drawn up by a notary when a property is sold. In this deed all agreements and terms that are made between the buyer and seller recorded. It is an important legal document which ensures that the sale is legally valid and that both parties must adhere to the agreements made.

The first aspect of the deed by public sale is the identity of the parties involved in the sale. This means that the names and details of both the buyer and the seller are stated in the deedThis is important to avoid misunderstandings and to ensure that the right people are involved in the sale.

Another important aspect of the deed by public sale is the description of the property being sold. This includes all the details of the property, such as location, surface area, year of construction and any special features. This ensures that both parties clearly know which property it is and prevents misunderstandings afterwards.

A third aspect of the deed by public sale is the sales price of the property. In the deed it is recorded for what amount the property is sold and in what way this amount should be paid. It is important that both parties agree on the sales price and that this is clearly recorded in the deed.

Another important aspect of the deed by public sale is the Handover of ownership. In the deed records the moment at which the ownership of the property is transferred from the seller to the buyer. This is a crucial part of the sale and must be recorded accurately to avoid any disputes in the future.

Another aspect of the deed by public sale is the delivery of the property. This records the time and condition in which the property will be delivered to the buyer. This may mean, for example, that the seller still has to adjust or repair certain things before the Handover can take place. This too must be clearly recorded to avoid discussions.

Finally, in the deed by public sale also mentions the date and place of signing. This officially records when the sale took place and where the deed has been drawn up. This is important for the legal validity of the sale and ensures that both parties must adhere to the agreements made.

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