Contract Check
Buying a Spanish property? It is important not to sign any document to buy a property in Spain until you have made certain basic checks. If you sign a contract without making the relevant checks and withdraw from that contract at a later date you will lose your deposit.
The checks start with the contract, is the property correctly defined in the contract? Is the vendor the owner of the property? Does the vendor have the right to sell the property? Is the price correct? I s the property fit for purpose – if you are buying an apartment, villa or country house – can you live in it? If you are buying land described as building land – can you construct? To assist in the preliminary checks there are certain documents that you need to look at.
- Spanish Property Check will look at the Nota Simple and the previous Escritura Publica, the IBI (Impuestos sobre Bienes Inmuebles) receipts or records.
- Spanish Property Check will report who has the legal right to sell the property.
- Spanish Property Check will confirm whether there are any unpaid debts or mortgages registered on the property – remember in Spain property debts remain on property and not the individual who incurred those debts so ensure you will not inherit the previous owners debt, IBI debts can be for a period of up to 5 years for the municipal property tax.
- Spanish Property Check will report on the land classification and the urbanised situation of the property as set down in the contract
- Spanish Property Check will report to you whether because of its proximity to the coast the property is likely to be affected by the Ley de Costas 1988.
Why use Spanish Property Check?
- 60% less expensive than most Spanish abogados
- 60% less expensive than most Spanish lawyers
- 70% less expensive than most Solicitors in Spain
100% safe, secure, accurate, Spanish property Check at affordable prices
Contact Us to Check Out your property purchase contract at spc@irl353.com