Section 9 - Escribano.
To concrete the purchase you have to use the
services of an Escribano(Notary). The escribano
make a title study of the titles, verify the ownership rights of the seller,
and the property
rights transmissions 10 years backwards, if there
aren't any mortgages, warrants or any other limitation of the property
right of the seller respecting to the apartment you want to buy.
The buyer is the one who has
the right to choose the Esrcibano. In some cases when the building is in
construction, the Constructor Company may want to impose his Escribano when the building is in the process of being built, or has no yet been finished
and divided in horizontal property units.
By law you have the right to
choose the Escribano, and this is central, this is the person who will
certify the acquisition of the right and study the power to sell, and
conditions of the apartments, and Register it.
The system in Argentina
is very stable, and one of the less conflictive in the Wolrd. But to
have this assurance you have to count with a premium Escribano,
specialist in real estate Law, and who will do a serious study of the
Escribanos charge a fee that can vary from 1,5
% to 4%. It is very important to find a reliable and good Escribano, since
he will check seller ability to sell.