Transfer

In common parlance, the terms "sale" and "purchase" are often used interchangeably with the term "handover". If you buy a loaf of bread, the moment of sale/purchase and the moment of transfer usually coincide, namely by placing the order and handing over the bread. But actually, the purchase of a loaf of bread is nothing but the conclusion of a purchase agreement followed by a transfer/delivery.

The transfer of ownership, also known as delivery, is subject to special delivery rules for certain items and rights. This could be, for example, a private deed, a notarial deed or entry in a particular register.

Please note that if the delivery formalities are not completed properly, you may believe you are the owner but turn out not to be so at any time.

For more information on sale and transfer, please contact us. We will be happy to advise you.