Purchase
 

We  will assist you on the purchase and whether there are any outstanding rates or community fees.

We will draw up the purchase contract wich will include:

  • The price and conditions of payment.
  • All charges on the property which are the responsibility of the Vendor
    up until the day of signing.
  • A complete description of the property, size in square metres, with building
    licences for extra work carried out, not included in the original deeds.
  • Full registration details of the Land Registry.
  • A clear explanation of payment conditions.
  • A clause verifying the fact that the property is free of sitting tenants.
  • A complete inventory of furniture if sold furnished.
  • A clause referring to the retention deposit (percentage of the declared purchase price) which is held back from non Spanish Residents selling a property for tax reasons.
  • A penalty clause with a specified date for payment and a back out clause.

The purchase is formally completed when the public title deeds of purchase-sale are signed before a Notary Public, the agreed payment of the price paid and the possession given to the buyer.

Four or five days after completion, the deed is collected from the Notary’s office. With the original deed, all the relevant transfer taxes are paid in the different tax offices and eventually the deed is taken to the Land Registry in order to procure formal registration of the title to the property.

Depending on the Land Registry of the area, registration may take about 1 month. The Land Registry will then give notice to the lawyer that the registration has been completed and the deeds are available for collection. Land Registry fees are paid at this time.

During the interval, as from the moment of signing, the purchaser can have a copy of the records by requesting from the Notary Publica ‘copia simple’

 
Telephone: +34 625762362
 
Fax: +34 959321477