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 The conclusion of the sale is done by signing of the deed and its registration with the institution.
Under Italian notary public act takes effect pursuant to art. 2699 of the Civil Code. It is the most widespread and important of the acts just because the notary public has general power to receive any type of act.
The notary has the duty to behave equidistant, impartial and independent, without being able to promote the interests of one party over another. Therefore, the notary must enjoy the confidence of all parties, and has a duty to protect and inform all parties of the act, seeking a balanced solution, even if it is paid only by one party (the buyer).
The law provides that the deed must be received in the presence of the parties and at least two witnesses (or by agreement, if they can read and write, may waive the attendance of witnesses, except in the case of gift, will or marriage contract, the waiver must be mentioned in the act). The notary must be certain of the personal identity of the parties, including through two fidefacienti known by him, which may coincide with the witnesses.
Content Deed of property
1. indicate the purchase price of the property and location (city);
2. indicate the type of property: first home, second home, luxury property, other;
3. indicate the cadastral income;
4. whether it is a purchase loan (the loan and mortgage applied);
5. indicate the type of seller: private or company (whether it is also soc. manufacturer);
6. indicate whether a new property is sold;
7. state the time within which it would / should conclude the act or performance;
8. any additional information.
The notary shall communicate to the various agencies (conservatorship records and land) changes due to be affixed to the change in ownership.
For more details: notariato.it
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