5 Uses For Experts
Never Let Your Documents Become Garbage, Have It Notarized!
Basically, agreement must be originally printed for legal purposes. Moreover, every important element should be present on it which includes the statement of the agreement, date and time, witnesses, the complete names of persons involved, and needless to say, their affixed signatures. Even when the document contains all the needed aspects, it might be considered as trash, without the authorized notarization.
A notary public actually covers a lot of legal situations. This is important in making legal terms, verifications, and several other items. In order to understand the importance and function of notarization, let us set buying and selling a property as an example.
Firstly, real estate transactions need the agreement of two parties. The buyer and seller would specifically look at things such as the total value, cash buying or through a loan financing, who would take the part of taxes, and many others. When all are agreed, these will be put into writing called the contract to sell. This is actually a binding agreement wherein the seller agrees to offer the property only to a specific buyer and not to anyone else provided that the buyer fully follows what is written in the contract. Each signature need to be affixed in addition to the signature of the witnesses. Now, the ultimate part of this part of real estate transaction will be the notarization. When there is no notarization in the contract to sell, this can be regarded as weak proof of purchase or agreement, or sometimes even not acknowledged in court. This means that if any of the party did not follow what is written in the contract, he or she may get away from legal consequences. Of course, this may still be contested in court but chances are, the contract may be voided.
The second part of buying a house is providing a deed of absolute sale. This can be the final agreement stating that the property is already bought and the rightful owner is now the buyer. Generally, the seller can no longer claim the property as his or her own once a natory has already affixed its seal and signed it. In contrast, when there is no available notarization on the document, the court may still consider the seller as the rightful owner and it would be very difficult to prove otherwise.
As said previously, purchasing and selling a house may simply be one form that necessitates a notary. There could be more and if you want to guarantee legality and safety of your agreements and other related stuff, be sure to find one. You can always try finding services who might be able to aid you with this activity.