In general, all agreed statements should be put in writing to make it legal. Furthermore, each essential variables need to be found on it including the exact declaration of the agreement, witnesses, the full names of people concerned, and obviously, their signatures. Even when the document contains all the needed aspects, it might be considered as trash, without the authorized notarization.
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.
Firstly, real estate transactions need the agreement of two parties. 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 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. This must be signed by the people involved and their witnesses. Now, the final component of this buying and selling transaction would be notarization by an appropriate legal authority. When the contract is not notarized, it becomes weak or even unrecognized. 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 would be the final deal saying that the house is without a doubt purchased and the owner of it is now the buyer regardless of certificate of title. 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 might be a lot more that needs this and if you wished to make your agreement recognized by the legal bodies, make certain to look for a notary. You may try notary services found online to assist you with this endeavor.