Glossary

Use our Glossary to understand the different German mortgage terms and definitions

Notar & Beurkundung

Notary & Notarization

In Germany, only purchase contracts notarized by a notary receive legal status. Therefore, purchase price payments outside this legal framework should be avoided at all costs. The purchase contract must be written in German. However, there are also notaries who draft a contract both in German and in English. For every buyer of a property in Germany who does not speak German, it is advisable to engage a lawyer who checks the purchase contract and executes the notarization with power of attorney of the buyer.