You have found your dream home or investment property and the offer has been accepted. Congratulations on this step! Now there is still a lot of paperwork, luckily the notary does that. An important document is the deed of delivery. Are you curious about what is in this deed?
What is a delivery deed?
As soon as you have agreed to the mortgage offer, you must submit the mortgage deed and sign the deed of transfer at a notary. The deed of delivery is drawn up when the purchase agreement has been signed and the resolutive conditions have expired.
The deed of delivery contains all agreements made between buyer and seller. This means that the house is officially in your name from the moment you have signed the deed of delivery. The house is now really yours! The deed of delivery is also called deed of delivery or deed of transfer.
What does a deed of delivery say?
- Owner: who is the current owner?
- New owner: who will be the new owner? The deed of transfer starts with stating your personal details as the new owner. The details of any partner or co-owner are also listed.
- Purchase price
- Reference to purchase agreement: for new construction, reference is made to the purchase-contracting agreement.
- Special conditions, such as qualitative obligations, easements and (fine) perpetual clauses
The notary arranges the transfer deed
The deed of delivery is drawn up by a notary. Then you, the seller and the notary sign this deed. The notary carries out a number of checks to confirm that the deed can indeed be passed. This checks whether the seller is really the owner. The agreements in this deed must be the same as the agreements made in the purchase deed.
The checks that the notary will perform, among other things, when drawing up the deed of transfer:
- Seller identification;
- Ownership of the property;
- Whether there are attachments on the house;
- Whether all legal requirements have been met;
- Whether the plot and the house are well described.
The notary will check the above matters to make sure that the delivery will go smoothly. If the notary would not do this, there is the possibility that someone will sell a house who is not authorized to sell the house at all, in which case delivery cannot be made.
Handling
The transfer of ownership is fully completed when a copy of the deed of transfer is registered by the notary at the Kadaster. This copy is the proof of ownership. All immovable property is registered at the Land Registry. In the Land Registry everyone can look up who owns each house and what mortgage is on it. This registration is public: anyone can inquire about it.
The transfer of ownership is completed when the notary registers a copy of the deed of transfer with the land registry and public registers, then you are the official owner of your new home.
Second opinion on your mortgage?
The moment you have a deed of transfer, you should already be in contact with an independent mortgage advisor. You have already received a mortgage offer or the mortgage has already been granted. Are you in doubt about the advice or would you like a second opinion? Then you can always present your personal situation in a free mortgage interview. At Bliss we are happy to help you.
