What makes a property purchase valid?
The purchase must be made by a written document signed by both parties, stating the property, the price and a declaration that the property is transferred. Without these the purchase is void.
Source status
- Source reference registered, source text not re-verified
Read date
- Source reference registered, source text not re-verified
Read date
What the source says
- Chapter 4 section 1 of the Land Code: the formal requirements for the deed.
- Conditions such as loan approval must be included in the document to apply.
- Title registration is sought at the cadastral authority after the purchase.
Source rows
For the owner, landlord or seller
Put every condition in the deed; oral additions do not bind.
For the tenant, buyer or client
Check the property designation, easements and mortgages before signing.
Next step
Read the source row for chapter 4 and continue to the rules on defects.
The page states what the source says under the stated conditions. It is not advice in an individual matter.
Next step
Three ways to put the register to work in your own practice.
Start with your task
Litigation
Find support in a judgment
Search guiding decisions, see what became final and follow changes in the law.
In-house, deals
Map the rules in a transaction
Move from theme to act and on to the article that carries the duty.
Compliance
Assess the risk in a process
Risk scoring per legal area, with the sources behind every score.