ESCROW AGENT

The Notary may receive documents, money, and valuables in deposit, with the obligation to return them upon request to the depositor or a third party designated by the depositor. This service ensures the secure preservation of the item and legal certainty about the delivery date recorded in the deposit deed.

If the same Notary is tasked with the execution of a contract (whether by public deed or authenticated private agreement), the parties may agree to use the so-called "price deposit" system.

According to Article 1, paragraph 63(c), of Law No. 147/2013, the Notary may receive in escrow the full or remaining purchase price—if paid in cash—as well as amounts allocated for the settlement of encumbrances, unpaid expenses, or other due obligations, when required by at least one of the parties and expressly authorized.

This system offers greater protection to all parties, especially the buyer: the Notary will only release the funds to the seller once the deed has been registered and publicly disclosed and once it is confirmed that no new burdens or adverse entries have appeared beyond those stated in the deed. If the deed provides that payment is subject to the occurrence of an event or performance of a specific obligation, the Notary will release the funds only after receiving proper proof (via public deed, authenticated private writing, or another agreed method) that the condition has been fulfilled.

Clients interested in this service or requiring further information about the “price deposit” procedure are encouraged to contact the firm. An additional fee may apply, based on the scope and complexity of the task entrusted to the Notary.