In accordance with Article 1424-A(1) of the Civil Code and Article 54 of the Notary Code, a new model of the Debt Clearance Certificate has been developed.
Structure of the Certificate
The certificate currently includes two clauses:
-
Clause a)
Refers to charges (commitments), indicating their frequency and the next due date.This clause will only be omitted if there are no future quotas issued.
-
Clause b)
Displays the actual outstanding amounts related to the unit, including all associated debts, whether from the current or former owners.
Note on Clause a)
It is important to check the quota frequency.
For example, if it is quarterly and the fiscal year is from January to December, the last quota issued will be for October 1 – 4th quarter.
Report Filter Options
The report allows you to configure three distinct dates:
-
Charges Date
Refers to the date prior to the last quota issued, used in clause a) (commitments). -
Debt Date
Sets the reference date for clause b), i.e., up to which point debt should be declared. -
Print Date
Indicates the “debt-free” date in case no outstanding debts are present in clause b).This date does not appear in the header of the document and matches the system date at the time of issuance.
Important Information
- The Debt Clearance Certificate refers to debts of the unit, not necessarily the current owner.
- If there is a debt associated with a former owner, it will still be included in the document.