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treuhändig an einen Notar

English translation: (to be paid) to a Notary "in trust"

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:treuhändig an einen Notar
English translation:(to be paid) to a Notary "in trust"
Entered by: Kim Metzger
Options:
- Contribute to this entry
- Include in personal glossary

12:31 Apr 8, 2007
German to English translations [PRO]
Bus/Financial - Law (general) / optional fee
German term or phrase: treuhändig an einen Notar
Die Optionsgebühr beträgt $ 300.000.00 und ist innerhalb von 14 Tagen ab Unterzeichnung dieser Vorvereinbarung treuhändig an einen ostfriesischen Notar mit dem unwiderruflichen Auftrag, diesen Betrag an die Firma xyz-Ges.m.b.H. erst nach Ablauf der Optionsfrist, oder nach Abschluss eines Hauptvertrages freizugeben, einzuzahlen.
Anita N Shroff
Local time: 15:28
(to be paid) to a Notary "in trust"
Explanation:
standard usage

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Note added at 44 mins (2007-04-08 13:15:20 GMT) Post-grading
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You're most welcome, and I thank you!

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Note added at 2 hrs (2007-04-08 14:32:08 GMT) Post-grading
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1. Title
The title shall be free and clear of all encumbrances except existing restrictions, exceptions and conditions reserved in favour of the Crown, registered restrictive covenants and rights of way in favour of utilities and public authorities, statutory building schemes, building, zoning and other municipal or government restrictions, the existing tenancies specified below, if any, and any other exceptions set out herein. If the Vendor has existing financial encumbrances to clear from the title, the Vendor may wait to pay and discharge such until immediately after receipt of the sales proceeds (provided such is sufficient). In such event, however, the Purchaser shall pay the sales proceeds to a lawyer or notary in trust, on undertakings to pay and discharge the financial encumbrances, and the balance if any, shall be paid to the Vendor.


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Note added at 2 hrs (2007-04-08 14:35:40 GMT) Post-grading
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FhD8gklwEtgJ:bytheowner.com/files/OfferBC.doc+paid+to+Notary+in+trust&hl=en&ct=clnk&cd=7&gl=ca



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Note added at 2 hrs (2007-04-08 14:40:12 GMT) Post-grading
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http://bytheowner.com/files/OfferBC.doc
Selected response from:

Katarina Peters
Canada
Local time: 05:58
Grading comment
thanks a million
4 KudoZ points were awarded for this answer

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Summary of answers provided
4(to be paid) to a Notary "in trust"
Katarina Peters


Discussion entries: 3





  

Answers


9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
treuhaendig an einen Notar
(to be paid) to a Notary "in trust"


Explanation:
standard usage

--------------------------------------------------
Note added at 44 mins (2007-04-08 13:15:20 GMT) Post-grading
--------------------------------------------------

You're most welcome, and I thank you!

--------------------------------------------------
Note added at 2 hrs (2007-04-08 14:32:08 GMT) Post-grading
--------------------------------------------------

1. Title
The title shall be free and clear of all encumbrances except existing restrictions, exceptions and conditions reserved in favour of the Crown, registered restrictive covenants and rights of way in favour of utilities and public authorities, statutory building schemes, building, zoning and other municipal or government restrictions, the existing tenancies specified below, if any, and any other exceptions set out herein. If the Vendor has existing financial encumbrances to clear from the title, the Vendor may wait to pay and discharge such until immediately after receipt of the sales proceeds (provided such is sufficient). In such event, however, the Purchaser shall pay the sales proceeds to a lawyer or notary in trust, on undertakings to pay and discharge the financial encumbrances, and the balance if any, shall be paid to the Vendor.


--------------------------------------------------
Note added at 2 hrs (2007-04-08 14:35:40 GMT) Post-grading
--------------------------------------------------

FhD8gklwEtgJ:bytheowner.com/files/OfferBC.doc+paid+to+Notary+in+trust&hl=en&ct=clnk&cd=7&gl=ca



--------------------------------------------------
Note added at 2 hrs (2007-04-08 14:40:12 GMT) Post-grading
--------------------------------------------------

http://bytheowner.com/files/OfferBC.doc

Katarina Peters
Canada
Local time: 05:58
Specializes in field
Native speaker of: Native in HungarianHungarian, Native in EnglishEnglish
PRO pts in category: 20
Grading comment
thanks a million

Peer comments on this answer (and responses from the answerer)
neutral  writeaway: into a trust account. that seems to be the standard usage. you should provide refs. and Asker is supposed to wait at least 24 hours to close./your ref deals with a different context imo.
1 hr
  -> see last three lines of my quote from the net (will get the link in a minute)//There it is. "in trust" obviously means that the notary has to open a trust account for the client. // A contract is a contract, whatever the context.
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Changes made by editors
Apr 9, 2007 - Changes made by Steffen Walter:
Field (specific)Business/Commerce (general) » Law (general)
Apr 8, 2007 - Changes made by Kim Metzger:
Term askedtreuhaendig an einen Notar » treuhändig an einen Notar


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