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What is a draft deed in the context of a property sale?

Purchase

Sale

A draft deed is a draft of the sales contract drawn up by a notary. It is therefore not the final deed of sale, as changes may be made.

What is the purpose of the draft deed?

The draft deed allows the various parties involved in the contract to take time to consider the different clauses and conditions of the sale. It also allows everyone to ask all their questions. Once changes are made to the draft deed, it is sent to each party to check that the terms are acceptable to them.

Who drafts the draft deed?

The draft deed is always drawn up by the notary in charge of the sale. However, both parties can be assisted by a real estate agent if they wish to obtain advice or if they wish to be helped to defend their interests.

By Charline Demange, July 28, 2022

Additional definitions

Purchase

Sale

Authentic act

An authentic act is a contract drawn up by a public officer, generally a notary, and can also be called a notarial act. As soon as it is signed, it has an important legal value and allows to frame several operations.
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