Real estate closing

Real estate closing – this term finds application within the area of Law of Contracts. It details the moment of concluding the final contract that passes the ownership from the vendor towards the buyer of real estate. In all cases, this is the moment of signing of the Title Deed. Usually, this is also the moment of payment the purchase price towards the seller. In most jurisdictions, parties sign Title Deed before a notary public who witness the deal. Then they should register the deed at the local Land Register.

Example: “The parties scheduled the real estate closing before the notary public on Monday at 10.30 AM”.

See also “Title Deed”

Closing / Legal Glossary

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