Professional Services News / Welex, lawyers & Accountants

What Documentation to Request to the Vendor to Purchase an Already Existing Property in Spain

Via: ReleaseWire

Updated 2:49 PM CDT, Mon, June 26,2017

Spanish Land registry certification, First occupancy license, Latest receipts of IBI tax and garbage Collection tax and previouse Purchase Title Deed among other should be requested to the vendor.

Marbella, Malaga -- (ReleaseWire) -- 06/26/2017 -- The most important documentation that our office advises to request to the seller or his legal representative before acquiring a property is the following:

Spanish Land registry certification.

This is a document that contains information taken from the Spanish Land Registry regarding the property in Spain, which includes the identification of the same, the identity of the owner or holders, and the extent, nature and limitations of these.

First occupancy license in Spain.

It is the document granted by the corresponding Spanish Town Hall that proof that the property meets the requirements of the building license.

Copy of the previous Purchase Title Deed of the property of the current owner

This document allows us to check how the property was acquired.

Latest receipts of IBI tax and garbage Collection tax.

In addition to checking the possible debts that could be with respect to these local taxes, with the receipt of rates, the So known "Impuesto sobre Bienes Inmuebles" or IBI we will obtain the cadastral reference, which will allow us to calculate the fiscal value of the property in Spain

Latest utility bills of the property in Spain ( water and electricity bill).

Mainly we will ask for water and electricity bills, it is also advisable to request other possible contracts that the property may have as internet or telephone, in case the purchaser wish to continue with these utility contract.

Requesting latest utility bills of the property, it will allow us to verify that there is no existing debt's of supplies on the property and at the same time we will be used to make the relevant changes of ownership once the transaction is completed.

Energy efficiency certificate.

As from June of 2013 this document is compulsory at the time of renting and selling properties.

A Spanish architect should issue and register this certification that includes information about the energy characteristics of the Spanish property.

Contact details of community of owners in Spain

In order to ascertain if the property has community debts and also to know the situation of the complex (It allow us to check if there is any lawsuit against the developer, there is any problem on the complex or even if the complex has any urbanistic file open) it is advisable to request to the vendor the following:

– Latest minutes of the board of owners.
– Statutes or norms regulating the Spanish community.

On completion date the selling party must provide a certificate issued by the community of owners which certifies that the property that you are interested in acquiring has no Debts.

At our law firm in Marbella, all lawyers are registered members at the Málaga Bar Association. We advise you on matters of purchase and sale of real estate, wills, inheritances, commercial and labour matters, contracts, quantity claims, civil and criminal proceedings, competition law, trademarks and trade names.

About Welex
Welex, law firm in Marbella that offers its services throughout all Spain.

http://www.welex.es
info@welex.es
+34 952775521

For more information on this press release visit:
http://www.releasewire.com/press-releases/what-documentation-to-request-to-the-vendor-to-purchase-an-already-existing-property-in-spain-824827.htm

Media Relations Contact
Salvador Guerra
952775521
Email: Click to Email Salvador Guerra
Web: https://welex.es/