Sale notice (edital)
Updated on
The edital is the official notice announcing the sale of a property, with its identification, value, deadlines and the conditions for bidding.
The edital is the most important document in any auction: it contains the rules of that particular sale.
In civil enforcement, the sale is advertised on a public website and by a notice posted on the door of the urban property being sold (CPC article 817). On e-Leilões, the listing must state, among other things, the case, the dates, the base value, the location and layout of the property, its and , the , where and when it can be viewed, and any encumbrances that will not lapse with the sale (rules, article 6).
In Tax Authority sales, publication is online and includes the responsible office, a summary description of the assets, where and when they can be inspected, the base value and the deadlines (CPPT article 249).
Example
Illustrative example: the notice for a two-bedroom flat states a base value of €70,000, auction end on 15 March at 10:00, viewings by appointment with the custodian, and the words 'property occupied by the debtor'. Each of those lines affects the decision of someone considering a bid.
In practice, at an auction
Read the full notice on the official listing, not just the summary. Look for: who occupies the property, which are mentioned, whether a is required, and whether an appeal or opposition is pending (the law requires this to be mentioned). The notice may contain errors or omissions; the and the help confirm what it says. If in doubt, check with whoever is running the sale.