Importance of a Notary Explained Probably, any legal instances would require a written document for the set agreement of both parties. Moreover, every important element should be present on it which includes the statement of the agreement, date and time, witnesses, the complete names of persons involved, and needless to say, their affixed signatures. Nevertheless, …
Importance of a Notary Explained
Probably, any legal instances would require a written document for the set agreement of both parties. Moreover, every important element should be present on it which includes the statement of the agreement, date and time, witnesses, the complete names of persons involved, and needless to say, their affixed signatures. Nevertheless, even when the file has all the things pointed out, it would not be sufficiently powerful when it is not certified and notarized a notary public.
A notary public actually covers a lot of legal situations. This can be valuable in making affidavits and declarations, authentications, acknowledgments, and many other things. In order to understand the importance and function of notarization, let us set buying and selling a property as an example.
First and foremost, buying a house needs the legal agreement between the buyer and the seller. The buyer and seller would specifically look at things such as the total value, cash buying or through a loan financing, who would take the part of taxes, and many others. When everything is set, a hard copy of a contract to sell is produced. This is basically a legal agreement wherein the seller confirms to sell the house only to a particular buyer and to no one else given that the both would completely comply with what is stated in the contract. Each signature need to be affixed in addition to the signature of the witnesses. Now, the final component of this buying and selling transaction would be notarization by an appropriate legal authority. If ever the contract is never notarized, it is determined to be an inadequate document weak and may even be not legal. This means that if any of the party did not follow what is written in the contract, he or she may get away from legal consequences. Obviously, anyone may try to bring it up to court, but in high probability, the case might be considered null and void.
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. Typically, the seller can never say any longer that the real estate property belongs him or her the moment that notarization is done. But if it is not notarized, the situation would become too risky for when the seller tries to swindle the buyer, the court may take side with him due to the possibility non-legal nature of the document.
As said previously, purchasing and selling a house may simply be one form that necessitates a notary. Other dealings should have it as well and if you want legality of your documents, be sure to seek a notary public. You can always try the Notary Depot and other similar services near your area to help you complete this venture.