Pointers on purchasing a property in Spain

Check out this list of points to do and appear out for just before you purchase a property in Spain.  The list is simple and easy to have an understanding of and should really be followed with your lawer.  He is the a single who will know where to do the digging for information.  We wish you nicely and great luck in acquiring your spanish dream dwelling.

The Escritura Publica and Nota Straight forward

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 particulars of the owner and any mortgages or legal claims that exist against the property. This document is imperative simply because it tells you if the seller is the owner of the property being sold. A nota very simple consists of further particulars of any mortgages or charges against the property and is also out there from the Registry.

The IBI receipt

Just before purchasing 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 for the reason that that is the limit of liablity for unpaid back taxes and is attached to the property, not the owner. A new property bought from a developer will not have an IBI receipt (considering that it has in no way been ‘owned') so it will be your responsibility to register the property for this tax.