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House deeds: find out everything you need

10 NOVEMBER 2023
Topics
Mercado Imobiliário Compra de Imóveis IMI (Imposto Municipal sobre Imóveis) Impostos IMT (Imposto Municipal sobre Transações) Mediação Imobiliária Escritura Glossário
This is the last stage of the property buying and selling process. Find out what it is, the documents required for it and the factors that influence its value.
House deeds: find out everything you need
Source: Freepik
Author: Redaction

There are several stages to the buying process, from researching the property to visiting the house and, in the final stage, signing the property deed. In this article, SUPERCASA Notícias shows you everything you need to know about this step in the process, so that you have no doubts when it comes to closing the deal.

Deed of sale

The deed is the last stage of the process and is the legal act that establishes the purchase and sale of a property. This is when the final contract is signed between the buyer and seller of the property, and a notary or legal representative must be present to sign this document.

This process consists of:

  • The purchase and sale contract, in which the buyer becomes the legal owner of the property;
  • If there is a mortgage, a mutual agreement contract is drawn up, where all the steps relating to the loan are reviewed. This is when the bank provides the amount requested by the client.
To sign the deed, you can go to a Notary's Office, a Land Registry Office or a Casa Pronta branch, a government service for matters relating to the purchase and sale of property.

Types of deed

There are a few different types of deed depending on the purpose of the deal. The most common is the deed of sale, which formalises the sale of the property. However, other types of contract can be drawn up, including:
  • Deed of sale with the intervention of financial institutions;
  • Deed of gift;
  • Deed of exchange;
  • Deed of inherited property;
  • Deed for a property under construction.

Documents required

A number of documents are required for the property deed. With regard to the intervening parties, it is necessary to submit:
  • Identification documents for the seller, buyer and guarantors, if applicable;
  • Proof of payment of taxes (IMI, IMT and Stamp Duty), or proof of exemption from IMT.

About the property:

  • Promissory Contract of Purchase and Sale (CPCV);
  • Caderneta Predial Urbana or Pedido de inscrição do Prédio na matriz (Modelo I do IMI) issued by the Tax and Customs Authority;
  • Licence to use;
  • Housing technical file;
  • Energy and Indoor Air Quality Certificate for Buildings;
  • Certificate of content;
  • Infrastructure certificate;
  • Mortgage waiver;
  • Toponymic certificate.

Value of the property deed

The costs associated with the property deed are usually borne by the buyer. These costs do not have a fixed value, but always depend on various factors, such as:
  • The value of the property;
  • Taxes associated with the property;
  • Registration of the deed;
  • Costs associated with legal services to sign the document, such as the registry office or notary.

Topics
Mercado Imobiliário Compra de Imóveis IMI (Imposto Municipal sobre Imóveis) Impostos IMT (Imposto Municipal sobre Transações) Mediação Imobiliária Escritura Glossário
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