Your experts for notary contracts
The contract review avoids ambiguities that often lead to disadvantages for you as well as to legal disputes.
The purchase or sale of a property is always something special. A lot is at stake. Therefore, special caution is required. Disputes can arise in the case of second-hand real estate: often Deficiencies only determined after the contract has been concluded. It is therefore advisable to have the transaction checked before signing the notarial contract.
If the parties agree on the purchase price after a close inspection of the property, the buyer will often commission a notary who will present the first draft of a notary contract. From now on, the second phase of "looking closely" begins, during which we can assist you:
You are probably wondering why you should need legal advice when there is a notary? While a notary always has to be neutral and has to consider the interests of both parties, we as Jasper Lawyers your one-sided representation of interests. We check your real estate purchase contract for disadvantageous clauses that are not immediately recognisable at first glance:
At the agreed date, both parties (or their representatives) meet at the notary's offices
The notary checks the identity documents of those present.
The notary reads out the (purchase contract) deed. He explains legal terms. Those present can ask questions and request changes/additions, which the notary inserts (also handwritten) if all parties agree. However, the notary always remains neutral and may not advise either party unilaterally.
The parties and the notary sign the deed. The notary closes the notarisation.
Once the notary contract has been signed, the notary will settle the contract. When the purchase price is due, the buyer will be requested to pay by the notary. The notary applies for the transfer of ownership in the land register. With this transfer, the buyer becomes the owner.
But not all settlements of notarial property purchase contracts run so smoothly.
If the buyer does not pay the purchase price despite being requested to do so by the notary, the seller must consider whether to withdraw from the contract. In this case, the purchase contract must be rescinded. If the buyer objects because he has now discovered defects in the object of purchase, a dispute arises. But how should this dispute be settled? If an amicable settlement cannot be reached (and here the notary is not called upon to bring about this amicable solution, but here the parties must find a solution, if necessary with lawyers), litigation may ensue.
Lawsuits are - especially when a lot is at stake, as in the case of property purchase contracts - expensive, protracted and stressful for both parties. This is especially true when the parties are blaming each other and Claims for damages seldom. Arbitration courts are rarely called upon; most cases go to the ordinary courts (Regional Court, Higher Regional Court, Federal Supreme Court). Such proceedings can take a long time. Both parties are unable to move forward.
It is therefore important to map possible scenarios in the notary contract and to find clear regulations for such disputes. This requires expert advice before such a scenario occurs.
Likewise, it makes sense to prepare yourself in advance, both as a buyer and as a seller.
With this website, we would like to explain why it is of great importance to have a real estate purchase contract checked by an experienced lawyer before signing it, in order to prevent later disputes and long lawsuits.