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The Public Deed can only be signed in the presence of a Notary or in the Land Registry Office. Both parties (buyer and purchaser) can agree that the transmission is contingent on an uncertain future event, i.e., the contract is subject to a condition precedent or they can agree that the contract depends on the payment of the price or it is under a reservation of title.

CONCEPT AND FRAMEWORK “The purchase and sale is an agreement through which an asset or a right of an owner is transferred to another against payment” - Article 874 of the Civil Code. Before the pre-contract agreement signature all the documentation of the property must be verified which can be done in the Land Register Office, Financial Services Bureau and Municipal Council; in some cases it is necessary to go to other entities.

Afterwards, the Public Deed is validated with the registry of the acquisition at the Land Registry Office.

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