ᐅ How much time is there usually between the draft purchase agreement and the notarization appointment?
Created on: 11 Mar 2014 12:36
P
Panama17Hello everyone,
I have a question for you again.
We are supposed to receive the draft purchase agreement from the notary this week. I read that the buyer must or should have 14 days to review it.
Can we then schedule the appointment 14 days later, once we have the draft? Or do the 14 days start over again if we or the seller request changes, for example?
We want to complete everything as quickly as possible so we can finally start with the detailed planning. Even if it takes a while until we are officially registered as the owners, nothing should go wrong from the moment of signing, and we can start working with architects and others, right? Or would you wait longer?
I have a question for you again.
We are supposed to receive the draft purchase agreement from the notary this week. I read that the buyer must or should have 14 days to review it.
Can we then schedule the appointment 14 days later, once we have the draft? Or do the 14 days start over again if we or the seller request changes, for example?
We want to complete everything as quickly as possible so we can finally start with the detailed planning. Even if it takes a while until we are officially registered as the owners, nothing should go wrong from the moment of signing, and we can start working with architects and others, right? Or would you wait longer?
I handled several notarizations for a building development area the year before last, where some buyers waived the 14-day reflection period. The notary included a note about this in the deed. The so-called objective reason in this case was that the builders did not want to lose time. According to a decision by the Federal Court of Justice (BGH), such an objective reason is required if the deadline is not met. If no such reason is apparent, the notary has the official duty to refuse to notarize the document. If you want, I can look up the exact wording.
Best regards from Berlin
Best regards from Berlin
Thank you, Kosan,
but it’s no longer necessary for now. We were on vacation and wanted to receive the contract draft by email so that we could have it reviewed. However, that didn’t work out; the notary only sent it by mail and dated it March 5th, so we are already within the 14-day period anyway.
but it’s no longer necessary for now. We were on vacation and wanted to receive the contract draft by email so that we could have it reviewed. However, that didn’t work out; the notary only sent it by mail and dated it March 5th, so we are already within the 14-day period anyway.