Lõpptehingu

Lõpptehingu is a term used in Estonian to describe the final phase of a transaction, commonly in real estate and business acquisitions. It refers to the moment when the parties fully fulfil their contractual obligations, the purchase price is paid, and ownership or title is transferred. The closing marks the legal completion of the deal and triggers the transfer of risks and responsibilities in the transaction.

In real estate, a lõpptehingu typically involves preparing and executing the final deed of sale before a notary, exchanging documents, and ensuring the purchase price is settled. After the notary formalizes the deed, ownership is usually registered in the Land Register, and possession of the property is transferred to the buyer. Other steps may include arranging financing, settling any encumbrances, and handing over keys. The precise sequence and timing are governed by Estonian civil law and real property regulations, with the Law of Obligations Act guiding contractual obligations and the Land Register procedures handling title transfer.

In corporate or financial contexts, lõpptehingu denotes the closing of a sale of shares or other assets, where conditions precedent are fulfilled, payment is made, and control or ownership passes to the buyer. The closing is typically documented in a final sale and purchase agreement, and may involve regulatory approvals and notification requirements.

The term emphasizes the culmination of negotiations into a legally binding transfer. It is used primarily in Estonian law and practice and may be described in English as “final settlement” or “closing transaction.”