How is the signing of the sales agreement organized in Luxembourg?

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Rudolphe ABEN

How is the signing of the sales agreement organized in Luxembourg?

The signing of a preliminary purchase agreement in Luxembourg is a crucial step in the sale of real estate between private individuals. It formalizes the agreement between the parties and specifies the terms of the sale. Here is how the signing of the preliminary sales agreement is organized in Luxembourg.

Preparation of the preliminary sale agreement

The preliminary sale agreement can be drafted by one of the parties, a lawyer or a notary. It is important to check that all the information is correct and complete before signing.

Assistance of a lawyer or notary

Although it is not mandatory, it is strongly recommended to be assisted by a lawyer or a notary to ensure that the sale complies with Luxembourg law.

Date for signing

Once the compromise is ready, the parties can agree on a date to sign the document. It is possible to sign at the home of one of the parties, at a lawyer's or notary's office, or even remotely using an electronic signature.

Signing the original copies

Both parties sign two original copies of the preliminary purchase agreement, one for each party.

Registration of the agreement

It is mandatory to register the agreement with the Chamber of Commerce for the sale to be valid.

Keeping copies

It is important to keep a copy of the preliminary sale agreement in order to produce it in the event of a dispute.

In conclusion, the signing of the preliminary sale agreement in Luxembourg is a simple process that can be organized in a flexible manner according to the needs of the parties. However, it is important to be assisted by a lawyer or a notary to ensure that the sale complies with Luxembourg law and to keep a copy of the preliminary sale agreement in case of dispute.