Category: Law and ownership

Public deed (escritura pública)

A formal document authorized by a notary public that records the sale, gift, or transfer of real estate and perfects the transmission of ownership.

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In Paraguay, transferring a property is not perfected by the preliminary boleto but by the public deed signed before a notary and registered with the Dirección General de los Registros Públicos. The deed describes the property (matrícula, location, area), identifies the parties, records price and payment terms, and constitutes the title enforceable against third parties. Notary fees and registration costs are typically the buyer's. Without the registered deed, the buyer only has a personal claim against the seller, not ownership.

Example

On a USD 100,000 purchase, beyond the deposit the buyer budgets notary fees (1%–1.5%), the transfer tax, and registration charges. Only once the deed is registered with the Public Registry does the buyer own the property as against third parties.

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