Upon final payment, the vendors, will sign over the property before a notary. The document is known as an escritura. The original signed document is kept by the notary and he will issue a first legalised copy that he signs and stamps. This is then sent to the land registry where it is registered in the purchaser's name, free of all charges and encumbrances. Approximately one month later the deeds are ready for collection fully legalised. The transfer tax in the case of a resale property is normally paid at the time of signing the escritura.