Your Legal Magazine
Page 10 What to watch out for when buying a property
Let’s give the basic “Buyer Beware” warning fi rst when buying or renting a Spanish property. It goes like this: Believe Nothing, Check Everything!
As the buyer you might be told by the vendor or the estate agent that everything is in order, but please take independent legal advice for peace of mind. Even when there is not an outstanding mortgage, when you are told that it measures x square metres, measure yourselves or get your own surveyor. When you are told that the terrace, pool, storage, basement, bedroom are included in the deal, I might recommend you check the plans and double check with your solicitor. Any reputable seller will be perfectly happy to have his offers
checked by an independent lawyer. Spoken words do not count. Only pieces of paper count when a property is for sale.
We all are aware of the presence of illegal urbanisations where unwary buyers end up having problems of unpaid taxes, unregistered title deeds, and diffi culty in obtaining municipal services or building permission.
Some properties are sold to buyers where many corners will have been cut to save costs both on the buyer’s side (not using an independent solicitor), and the builder’s or seller’s side. You could fi nd the following problems: 1. Lack of bank guarantee on stage payments (off-plan)
2. Title deed and Cadastrer problems (non registered deeds, different measurements that do not match with real metres of the house and land, etc)
3. Lack of project and license for the house. 4. Lack of 10 year structural insurance certifi cate. 5. Lack of licence of fi rst occupation. 6. Undervalued title deeds. 7. Lack of boletins. (certifi cation for electricians and plumbers)
8. Infrastructure problems.
We highly recommend you to employ an INDEPENDENT SOLICITOR who will be working only for you and will look after your best interests. The right time to employ your lawyer is before you commit yourself and pay any money out. The tax implications are very important and it is good for you to be aware, prior to signing any document. Whether you buy an apartment or a villa, decide to rent a luxury villa, or buy an off plan property, do not forget to protect your money with the correct and independent advice from your lawyer. Let us take the worry away and start enjoying Spain while living in Spain!
For peace of mind contact us on 965 480 737 or send us an email to
info@pellicerheredia.com and any of our secretaries can organise an appointment with any of the solicitors to discuss things further.
Now at Gata Charity Warehouse we can offer secure storage for all types of items.
Whether it is furniture, a car, motorbike, paintings or even a caravan, we have dry, secure and safe premises in which your items can be stored either short term, or long term. Our prices start from as low as €2.50 per week, so this really is the chance to get your house in order, get de-cluttered of all those items that will free up much needed space in your home, and have everything securely stored. By securely stored we mean full CCTV, alarms linked direct to the Police, roller shutter doors... the works!
Female Focus
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