Deed of sale

The purchase of your apartment ends with the signing of the deed of sale. As soon as all the conditions for closing the sale are met, the seller must transfer ownership to you, subject to consideration. This is where the notary comes in. His work is extremely important, as it is his job to verify the conformity of the facts and the law arising from the sale. In addition, it is important to know that when selling a property located within a divided co-ownership, the new owner is required to notify the syndicate within 15 days. This legal obligation, set out in article 1065 of the Civil Code of Québec, allows the syndicate to keep the register of co-owners up to date.

Legal certainty of the act

Before you sign the deed of sale, the notary must:

•  Gather various essential documents to complete the transaction;
• Thoroughly carry out a number of legal and tax audits;
•  Make sure you have the money you need to pay the sale price, which includes your down payment and, if applicable, the money paid by your mortgagee.

Given the magnitude of the task, and because the bill of sale is the centerpiece of your purchase, the signing of this document usually occurs after several months of formalization.

Essential declarations

The notary must draft the deed of sale with the objective of respecting both the rights of the vendor and those of the purchaser, and observing the provisions of the offer to purchase or the preliminary contract. On the day of the closing, he must read the entire content of the deed to both parties. You will find hereunder the clauses and essential conditions for the safeguard of your rights that the notary must insert or refer to in the deed of sale :

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