Search for term:

Notar: Notary public

A notary public authenticates, among other things, real estate contracts and must be confidential and unbiased. A notary public is a trained solicitor so as to ensure that the parties are both informed as to the legal ramifications of the sales contract. He is obligated to inform both parties equally about their actions. He not only handles the informative aspect, but is also responsible for ensuring that both parties fully understand the sales contract.

Notaranderkonto: Notary public’s escrow account

The notary can create an escrow account to which the sales price is transferred. This avoids the amount being put in with other amounts, assists in transparency as well as facilitates a legal processing of the sale and also ensures the transferring of the property to the buyer. 

Nutzfläche: Usable area

The usable area describes the area which is not counted in the living area, such as for example, attic, cellar and stairways.