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WiseOwl58
WiseOwl58, Lawyer
Category: Real Estate Law
Satisfied Customers: 3649
Experience:  Experienced real estate lawyer and real estate broker.
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In Europe the contracts an selling real estate property

Customer Question

In Europe the contracts for buying an selling real estate property eg: land are written by the notaries public.The notary public than register the transaction,which is then approved by a court,and kept in special Registration books.Such a practice is done in Romania,Poland and other European countries.Is it the only valid way to keep the ownership of a property eg agricultural,industrial land.Would a private contract written between the parties have a power to guarantee ownership?Could you please give me a referral to an expert-preferably associated with an academic institution
Submitted: 1 year ago.
Category: Real Estate Law
Customer: replied 1 year ago.
If 2 written contracts are present,one hand written and signed by the parties.The other prepared in Gvt.Register office by a sworn notary public.Which one prevails .They carry different financial conditions,otherwise are formulated with similar languge
Customer: replied 1 year ago.
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Expert:  WiseOwl58 replied 1 year ago.
I am associated with the Wharton School of Business. In order to ensure that the ownership is made official, it has to be approved by a court and entered into the property register. Therefore, in your case, the agreement does not have to be written by a notary, but it does have to be entered into the registry, otherwise it can be challenged by another party claiming to own the property.
Good luck to you. Please rate the answer 4 or 5 and close out the question. I wish you all the best.