Award (adjudicação)
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Adjudicação is the decision, taken in the proceedings, to assign the property to whoever made the best bid, once the price is paid and the tax obligations are met.
Winning the auction and owning the property are different moments. Between the two comes the adjudicação.
In civil enforcement, the assets are awarded and handed to the bidder when the price has been paid in full and the tax obligations of the transfer are settled. At that point the issues the (CPC article 827). The e-Leilões rules define the award in the same way: it is the enforcement agent's decision, after the price has been deposited and compliance with tax obligations shown.
In Tax Authority sales, the price is deposited within 15 days of the award decision, and ownership passes only when the transfer title is issued (CPPT article 256).
Example
Illustrative example: an auction closes with a highest bid of €120,000. The bidder is notified, deposits the €120,000 in time and pays and . Only then is the property awarded and the title issued.
In practice, at an auction
Between the close of the auction and the award, the sale may still fall through. e-Leilões lists the most common cases: payment of the debt, exercise of a or of the , the debtor's insolvency, or an irregularity that invalidates the sale. The word is also used when a creditor asks to take the asset in payment of the debt. See I won the auction: deadlines and next steps.