Temporary act op purchase
So we proceed to the signing of a sub-signature, which is a temporary act of purchase in which are referenced all the information relating to the property: surfaces, cadastral parcelling, access rights, any borrowing for funding, final price, the date of the final act.
It is also reported the presence of lead, asbestos, termites ... The study of these elements is obliged by the law, and at the seller's costs. A report must be provided with the sale.
After signature under seal a 5% guarantee deposit is paid to the seller, who has the right to ask for more. This is usually done by transfer.
From the date of signature of the under-seal, there still has a seven-day thinking time, and one may even without giving reasons, cancel the contract by sending a registered letter to the address of the notary.
Final act
About three months after signing the sub-seal takes up the final act. Meanwhile the notary studied several points:
- Wether or not is a current mortgage on the property
- The potential railway projects or highways
- The purchase of the common rights or farmer rights on lands
The time between the sub-seal and the final act may be revised upwards after agreement between seller and buyer.
In the final act, the balance of the sale is set to the notary, and the keys are handed over to the new owners, who can then make free use of their acquisition.