Document background
The Deed of Sale Notary Price is a crucial legal instrument in Canadian real estate transactions, particularly within Quebec's civil law system. This document is required whenever there is a transfer of real property ownership that needs notarial authentication, combining the elements of a traditional deed of sale with specific notarial requirements and detailed price provisions. It must be prepared and executed before a qualified notary public, who ensures all legal requirements are met and the interests of all parties are protected. The document includes comprehensive information about the property, parties involved, purchase price, payment terms, warranties, and various legal declarations. It serves as both a binding contract and an official record of the transaction, making it essential for property registration and title transfer purposes. The Deed of Sale Notary Price is particularly important in Quebec, where notarial deeds are mandatory for real estate transactions, but it may also be used in other Canadian jurisdictions where notarial authentication is desired for added security and legal certainty.
