Probably, any legal instances would require a written document for the set agreement of both parties. Additionally, all crucial components ought to be provided with it such the assertion of the deal, time and date of the agreement, and the names of the involved parties with signatures. However, even when the document has all the elements mentioned, it would not be strong enough when it is not signed and notarized by an appropriate legal professional.
A notary public actually covers a lot of legal situations. This is can be useful in legalizing assertions, validation of agreements, and many more. In order to understand the importance and function of notarization, let us set buying and selling a property as an example.
To begin with, purchasing a property requires a deal from the purchaser and the owner. These groups would essentially discuss on the overall cost, payment mode, who’s who in processing the transfer of title, and a lot more. When done, a contract to sell should be generated. This is in fact an agreement that binds both the seller and the purchaser as long as the two parties adhere to the cotract. This must be signed by the people involved and their witnesses. Now, the remaining element in this aspect of this deal would be the notarization. If ever the contract is never notarized, it is determined to be an inadequate document weak and may even be not legal. This may imply that when there is a breach of contract in any of the party, no one will be accountable to suffer the legal outcomes. Of course, this may still be contested in court but chances are, the contract may be voided.
The second part of buying a house is providing a deed of absolute sale. This can be the final agreement stating that the property is already bought and the rightful owner is now the buyer. Generally, the seller can no longer claim the property as his or her own once a natory has already affixed its seal and signed it. On the other hand, when a deed of absolute sale is not notarized, this document can be considered as garbage and if the seller is planning a fraudulent scheme, then probably, he or she will succeed.
As said previously, purchasing and selling a house may simply be one form that necessitates a notary. There could be more and if you want to guarantee legality and safety of your agreements and other related stuff, be sure to find one. You can always try finding services who might be able to aid you with this activity.