What is L’acte authentique in a French real estate transaction?
The L’acte authentique is the final signing of the document that binds the sale of a French real estate property between a buyer and seller. It is typically the day the buyer becomes the owner and the owner gives up ownership in return for money.
The L’acte authentique is signed by the buyer and the seller and the French notary who is authorized to conduct this action. Prior to signing of the document certain steps must have happened. For example, the seller’s notary must have received all the necessary funds from the buyer and the conditions noted in the compromis de vente must be completed.
It is at the signing of the L’acte authentique the seller gives the keys of the property to the buyer. More details can be found with your English speaking French notary.
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