8/4/2023 0 Comments Real estate conveyance![]() ![]() It is common in larger transactions to agree in a separate 'notary letter' amongst seller, purchaser, lender and notary on the flow of funds.įor business real estate transactions, Dutch law gives no further requirements. The purchase price (and other amounts to be paid to the seller or the seller’s bank) is not paid to the seller until the Dutch civil law notary has confirmed that the property is not encumbered with any mortgages or enforcement, other than those that were disclosed when the transfer deed was signed. Monetary transactionsĪ Dutch civil law notary generally arranges the financial completion of a property transaction.īecause the Dutch civil law notary is at the heart of the financial arrangements, he will not execute any deed before he is certain that the entire purchase price (plus other costs and taxes payable) has been transferred to the notarial trust account.
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