Jun 21, 2016 12:54
7 yrs ago
16 viewers *
Italian term

spese di istruttoria legale

Italian to English Law/Patents Law: Contract(s) Real Estate Deed of Sale
This is from a notary deed of sale. Compravendita di un immobile.

Cedono a carico della parte acquirente:
- le imposte e tasse di trasferimento;
- le spese notarili e di istruttoria legale.

are these simply legal fees?

Proposed translations

+2
1 hr
Selected

legal title (US) inquiry > (UK) search > fees

From my vague recollection of Italian conveyancing of land owned by an English debtor, I reckon or guess in American it's title investigation and mortgage search expenses.
Example sentence:

In real estate business and law, a title search or property title search is the process of retrieving documents evidencing events in the history of a piece of real property, to determine relevant interests in and regulations concerning that property.

Peer comment(s):

agree Shera Lyn Parpia
5 hrs
Thanks and grazie!
agree James (Jim) Davis
20 hrs
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
+1
34 mins

legal fees/charges/expenses

prior to the sale, the notary is supposed to carry out some preliminary investigations to make sure powers of attorney are valid, the real estate belongs to the said owner and has not been sold to someone else, there are no debts or encumbrances, a.s.o., in other words that everything is ok from the legal point of view so that the sale-purchase may be done. For instance, to check the existence of the real estate in the Land Book or Register, he has to pay a certain charge to that institution, which he later recovers from the client. This is preliminary work and apart from this, the notary drafts the deed and notarizes it by signing and affixing his seal.
Peer comment(s):

agree philgoddard
9 mins
Something went wrong...
41 mins
44 mins

preliminary investigation expenses

Those expenses related to the investigations that need to be carried out prior to any deed-of sale, etc.
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3 hrs

legal costs

Term used in the UK
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4 days

due diligence costs/charges

The references are self-explanatory:

brief explanation: http://www.globalpropertyguide.com/Europe/italy/Buying-Guide
citation:
The notary performs due diligence
Closing usually takes six to eight weeks. The notaio or notary public has the responsibility of performing due diligence - although he is chosen by the seller, he acts for both parties.

A little more exhaustive: https://www.justlanded.com/english/Italy/Italy-Guide/Propert...

http://www.italianpropertygallery.com/the_costs/
- Highlights the fact that the actual due diligence is undertaken by the "geomtra" (under notarial oversight - see above). The "charges" are therefore not part of the Notary's fees proper, but paid by the latter to the Geometra - the term Geometra is left untranslated, some law firms render it as "conveyancer".

Very exhaustive comparative cost breakdown: pdf file
http://www.cms-cmck.com/Hubbard.FileSystem/files/Publication...
citation: Chapter title:
Due Diligence Costs for the Purchase of Real Estate.

Hope the above was helpful.





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