FAQs Promise of Sale

FAQs Promise of Sale

1) Found a mistake in the Promise of Sale notification, what can be done?

One should inform the Notary so that he/she will correct the mistake.

2) I want to check if my promise of sale has been registered Notaries have 21 working days to register the agreement.

A promise of sale notification is sent to both parties and to the Notary. If no notification was received please check with the Notary.

3) I have a pending promise of sale agreement and have changed my residential address

Please inform the Property Tax Directorate through [email protected], subject of email should be PoS Change of Address and quoting PoS number at the top part of the notification.

4) I want to check how much I have to pay in provisional stamp duty

Provisional stamp duty is calculated at 20% of the final stamp duty due. Please contact your Notary for clarifications of the exact amounts due, as these may vary due to various factors.

5) I have received a letter with a brochure about the energy performance certificate

The letter is a confirmation of registration of a promise of sale agreement which you have entered with third parties. The brochure reminds you that upon signing of contract, it is a legal obligation to present an EPC certificate upon sale.