We come to this step if the previous Checks are positive for the property.
At this stage the Lawyer and the Notary Public play the final decisive role.
Public Notary plays a crucial role in legal and financial transactions by providing authentication and verification of documents. Their primary responsibilities include:
Document Verification: Notaries verify the identity of signatories and ensure they are signing the document willingly and knowingly. They might also confirm the authenticity of signatures by verifying IDs or other supporting documents.
Preventing Fraud: Notaries help prevent fraud by witnessing the signing of documents and confirming that signatories understand the content of what they’re signing. This is particularly important in legal agreements like property transactions, wills, and powers of attorney.
Administering Oaths and Affirmations: Notaries administer oaths or affirmations, which are legally binding promises of truthfulness made by individuals involved in a legal document or transaction.
Certification and Notarization: They affix their official seal or stamp onto documents, indicating that the document has been properly executed, witnessed, and verified according to the law.
Maintaining Records: Notaries keep records of the documents they notarize, including details about the signatories, the type of document, and the date of notarization. These records serve as a public record of transactions.
In the context of property transactions, a notary might be involved in notarizing various documents such as property deeds, purchase agreements, mortgage documents, and powers of attorney. They ensure these documents are legally binding and properly executed according to the law.
The specific duties and powers of a notary can vary from country to country, but their fundamental role is to serve as an impartial witness to prevent fraud and ensure the legality of documents.