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If you intend to buy or sell a real property the notary can besides writing the contract of purchase, accept the purchasing price for notarial deposit and secure a safe method of its payment for both parties.
In most European countries of high legal culture the transfer of purchasing price for a real property is imaginable only by notarial deposit. The advantages of notarial deposit of money are obvious – the seller avoids the risk that the purchasing price will not be fully paid and the buyer does not risk handing over the money before entering a record of title to the real estate into the Cadastre. In addition to this, the buyer can be sure that the real estate transfer tax for the payment of which the buyer is responsible, will be paid by the seller. A notary is a person trustworthy enough to deposit money with him, which is ensured by his statutory and registration obligations controlled by the notarial self-governance bodies and also because the possible risks are sufficiently covered by insurance .
The draft of a contract of sale and the deposit of money for the purpose of payment of the purchasing price are deeds so closely related to each other that they are desirable to be made by the same person – the notary. |