22 Mar The purchase of land or an apartment *
You want to buy a (house) plot of land or an apartment and are looking for a notary you can rely on because he will take care of the legally secure and balanced drafting of your purchase contract.
According to German law, the notary can be freely chosen when buying a property. Since the notarization costs incurred are for the most part to be borne by the buyer, it is usually the case that the buyer also chooses the notary. Even if a real estate agent wants to persuade you to have your property notarized by the seller’s or agent’s notary, you are free to choose the notary and are therefore welcome to contact me for an initial discussion. You should only notarize with a notary you have confidence in.
The notary’s important tasks and crucial function
The contract for the purchase of a property must be notarized by a notary public in order to be effective. The notary is supposed to protect both the seller and the buyer from unsecured advance fulfillment of the contract. The notary’s task is therefore to supervise the proper execution of the contract from its execution to the registration in the land register. In doing so, the notary is obliged to neutrality. The notary should therefore be a decisive advisor and service provider for the parties involved in the purchase of the property.
The preliminary discussion
The notary’s tasks in the purchase of the property already begin in the preliminary meeting with the parties involved. The notary has to find out the will of the parties involved and has to implement it in the contract in the best possible way. In particular, as your notary, I will ensure that the implementation of the concrete ideas of the contracting parties does not result in an unsecured advance performance by one of the parties. As a notary, I also check the land register. In this way, I am in a position to discuss with you whether and to what extent any encumbrances on the property are to be deleted by the seller or taken over by the buyer. It is also necessary to clarify whether the property is rented out or is possibly to be rented out to the seller. In this case, I would also discuss with you any additional contractual modalities required in this regard.
The notary provides for a draft contract
An essential part of the notarial services is then the drafting of the purchase contract on the basis of this information. As a notary, I deal with all the specifics that are relevant for your purchase contract and, of course, try to implement your wishes and special ideas in a legally secure manner.
When drafting the contract, I make sure that the contract is notarized in its entirety, i.e. that the deed of sale contains all agreements on which the contract of sale is to depend according to the will of the contracting parties. In particular, the purchase price and all other consideration must also be correctly stated. Other ancillary agreements concerning renovations still to be carried out by the seller or, for example, a lease back to the seller must also be included in the contract deed. Otherwise, the purchase agreement is incompletely notarized and thus invalid.
The execution of the contract
Once the contract of sale is signed, I commence executing it for you. I take care of the registration of the priority notice and obtain any necessary approvals, deletion permits or pre-emption waivers. As soon as these documents are available and the purchase price is due, I inform the parties involved. I will only apply for the transfer in the land register after the seller has confirmed to me that he has received the purchase price. In this way, I ensure that both the seller’s and the buyer’s interests are protected during the execution of the contract.