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Source: BUS Sachsen-Anhalt (Linie6PLus)

Abandonment

Description

A release is a declaration of agreement between the seller and the buyer of a property. Both must submit this declaration of agreement in front of a notary at the same time. However, this alone does not constitute the transfer of ownership. In addition, the registration of the change of law in the land register must be added. In order to protect the interests of the buyer, the notary therefore has the abandonment noted in the land register until the final transfer can be made in the land register.

The text was automatically translated based on the German content.

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