GlossaryFinal_inspection

What means Final inspection?

The final inspection typically takes place within 24 hours before the notary’s appointment. This inspection allows one to verify if the business premises are vacant and if all purchased items are intact. It also checks compliance with the contractual terms.

It is crucial to ensure that all functions are operational during this inspection. Any defects found can be reported. If defects remain unresolved before the transfer, the notary will withhold funds from the seller. Significant defects or contract breaches may delay the transfer.