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spanish-legal-advice-solicitors

alicante solicitors

What is an Escritura?

This is the Title Deed to property and includes information such as who owns the property, property details and exact address.

This is always signed in the presence of a Notario.

What is a Notario?

This is a public official who will officially officially confirm alicante solicitors that the details are correct and the contract of sale is understood by both parties and deemed to be fair.

The Notary is impartial and offers no advice on points of law.

What is the Nota Simple?

This is an official document lodged with the Land Registry Registry which outlines basic details of alicante solicitors the property and whether there are any loans outstanding on the property.

What is an NIE number?

This is a fiscal number for all foreigners and is required before any financial transactions take place, and identifies you with the Spanish tax authorities.

alicante solicitors

What taxes are there to pay?

The main tax is the Spanish Transfer Tax and in Murcia it is 7% on re-sale properties.

However there are additional costs to be included such as the Notary, solicitor, Land Registry so we always suggest you budget for an additional 10% on on alicante solicitors the sale price although it is lower than that in most cases.

When choosing a legal advisor you should use an Abogado (Spanish Lawyer) who speaks fluent English.

The purchase contract for a resale property contains details of the vendor and purchaser, the purchase price and method of of payment.

It will also confirm alicante solicitors that the Escritura de Compraventa (Title Deed) is in the name of the vendor and that this will be passed to the purchaser on completion of the sale.

It will also guarantee that the property itself will be transferred free from all encumbrances and

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properties buying advice in murcia

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