Pointers on purchasing a property in Spain

Check out this list of items to do and appear out for ahead of you obtain a property in Spain.  The list is painless to fully grasp and really should be followed with your lawer.  He is the 1 who will know where to do the digging for data.  We wish you nicely and good luck in obtaining your spanish dream dwelling.

The Escritura Publica and Nota Hassle-free

The Escritura Publica is the registered title deed of the property. It is entered in the ‘Registro de la Propiedad', the Property Registry, and is the only guarantee of title in Spain. It consists of a description of the property, the details of the owner and any mortgages or legal claims that exist against the property. This document is very important simply because it tells you if the seller is the owner of the property being sold. A nota straightforward consists of further particulars of any mortgages or charges against the property and is also attainable from the Registry.

The IBI receipt

Ahead of getting a resale (not new) Spanish property check out the ‘lmpuesto sobre Bienes lnmuebles', or lBI, which is the municipal property tax. Ideally, you'll be in a position to see the IBI receipts for the last five years because that is the limit of liablity for unpaid back taxes and is attached to the property, not the owner. A new property purchased from a developer will not have an IBI receipt (because it has in no way been ‘owned') so it will be your responsibility to register the property for this tax.