Private Sale Versus Recorded Sale of Immovable Property
Synthèse Legislator
Généré par l'IAA plaintiff, having purchased a building under a private agreement, sought to annul a subsequent sale of the same property to a third party, arguing that the third party was aware of the initial private sale and that the property transfer to the initial purchaser was perfected by the meeting of the minds, despite the absence of a formal deed, whereas the court held that the subsequent sale to the third party, who had duly recorded their title, must prevail under the law concerning the transfer of immovables, as the initial private agreement, lacking public registry, could not be opposed to the third party who acted in good faith and relied on the public records.
Regeste Legislator
Généré par l'IAPrivate Sale Versus Recorded Sale of Immovable Property: A plaintiff, having purchased a building under a private agreement, sought to annul a subsequent sale of the same property to a third party, arguing that the third party was aware of the initial private sale and that the property transfer to the initial purchaser was perfected by the meeting of the minds, despite the absence of a formal deed, whereas the court held that the subsequent sale to the third party, who had duly recorded their title, must prevail under the law concerning the transfer of immovables, as the initial private agreement, lacking public registry, could not be opposed to the third party who acted in good faith and relied on the public records.