Definition
The deed of sale is the central legal document of a real estate transaction. Drafted and authenticated by the notary, it contains: - The cadastral description of the property (lot number, area) - Identification of parties (seller and buyer with legal information) - Declared sale price - Payment terms (including mortgage financing) - Seller's representations and warranties - Charges and rights affecting the property (easements, mortgages to be discharged) - Closing adjustments (prepaid taxes, fuel) - Possession date and conditions
Procedure: the notary prepares the deed 5-10 days before closing, sends it to parties for review, organizes signing, receives and disburses funds, then publishes the deed in the Land Registry.