A public deed (escritura pública) is a legal document in Spain that is used to formalize various types of agreements or transactions. It is a document that provides legal certainty and establishes a record of the transaction that can be used in the event of any future disputes or misunderstandings.
What is a public deed in Spain?
In Spain, a public deed is a formal and binding document that must be authorized by a Notary Public (Notario). The Notary Public is a public official who is authorized to certify legal documents and administer oaths. The public deed is signed by all parties involved in the transaction and is registered with the Land Registry (Registro de la Propiedad) or other relevant authorities.
Here are some key points to know about public deeds in Spain:
Public deed in Spain: Purpose
A public deed is used to formalize various types of transactions or agreements, such as the sale or purchase of a property, the creation of a mortgage, or the establishment of a company.
Public deed in Spain: Formalities
A public deed must be authorized by a Notary Public in Spain. The Notary Public must verify the identity of all parties involved in the transaction and ensure that they understand the terms and conditions of the agreement.
Public deed in Spain: Content
A public deed includes essential information about the transaction or agreement, such as the names and identification numbers of the parties involved, the terms and conditions of the agreement, and any relevant details about the property or assets being transferred.
Public deed in Spain: Legal certainty
A public deed provides legal certainty and establishes a record of the transaction that can be used in the event of any future disputes or misunderstandings. It is a formal and binding document that is recognized by Spanish law.
Public deed in Spain: Registration
A public deed must be registered with the Land Registry or other relevant authorities in Spain. This registration provides additional legal certainty and ensures that the transaction is recognized by third parties, such as other potential buyers or lenders.
In summary, a public deed is a legal document in Spain that is used to formalize various types of transactions or agreements. It is a formal and binding document that must be authorized by a Notary Public and registered with the Land Registry or other relevant authorities. A public deed provides legal certainty and establishes a record of the transaction that can be used in the event of any future disputes or misunderstandings.
