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Tips about property conveyancing in Spain


Te first step in property conveyanc- ing in Spain is finding a Property.


It is imperative to get to know the area before you choose a property. You should visit a number of different lo- cations in order to make an educated decision. Additional research into similar properties in various areas will give you different perspectives of what you can anticipate in terms of price.


Te secondary step in property con- veyancing in Spain is choosing a expert property lawyer in Spain.


A lawyer in Spain can impart extreme- ly useful advice from the initial begin- ning of the purchasing process. Your property expert lawyer in Spain will make enquiries to ensure that all the parties involved, including the seller or developer, are acting legitimately. A lawyer will take the necessary meas- ures to safeguard that all the Spanish legal requirements are met. Addition- ally, a legal firm will ensure that the property is free of any encumbrances that could affect your use of the land.


You will also need to ensure that there are no outstanding debts for local taxes or service charges attached to the property.


Te Purchasing Process in property conveyancing in Spain includes:


Finding a Property and Preparing to Buy Te Legal Process Step by Step Calculating the Costs: Fees & Taxes Equating Various Other Expenses


Step 1: Negotiating the Purchase Step 2: Te Reservation Contract and Deposit Step 3: Private Purchase Contracts Step 4: Completion Step 5: Registration of the Title Deeds


Te Selling Process in property conveyancing in Spain includes:


Obtaining necessary documents Calculating the costs: Fees & Taxes Calculating service charges Calculating Annual Real Estate Tax (IBI) Establishing Property Ownersí Im- puted Income Tax Other Legal Matters pertaining to property conveyancing in Spain include: Obtaining a NIE Identification Num- ber Making a Will in Spain Inheritance Tax Minimizing your Liability for Inherit- ance Tax Investment Opportunities in Spain Ensuring that you have all the nec- essary documents will expedite the legal process of property conveyanc- ing in Spain. You should register the following documents with your


lawyer or estate agent when you place your property up for sale.


Te following aforementioned documents are:


A copy of the Title Deed (Escritura P˙blica.)


A copy of your latest Real Estate Tax receipt (Impuesto sobre Bienes Inm- uebles, IBI.)


A copy of the Certificate (Certificado Catastral.) Tis contains your proper- tyís official reference number (Refer- encia Catastral) with the Land Regis- try and gives a complete description of the property.


A Copy of your latest Spanish Income Tax declaration (DeclaraciÛn de la Renta.)


A copy of your Residentsí Association (Comunidad de Propietarios.)


A copy of all your current utility bills.


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