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spanish-legal-advice-solicitors

fincas for sale in alicante

The responsibility for ensuring that the money is retained and paid to the Spanish Inland Revenue is placed on the purchaser and it is then up to the vendor to instruct his fiscal representative to claim the money back if tax is not due.

If the vendor is a a resident of Spain, then there is no need to retain fincas for sale in alicante the 5% as the vendor would be expected to be making his own tax returns on a regular basis.

THE COMMUNITY OF OWNERS

Most people who buy a house or apartment in Spain will become a member of of a Community of Owners.

fincas for sale in alicante The law regarding the legal rights and obligations of owners is contained in part of the Spanish Civil Code called the Ley de Propiedad Horizontal (Law of Horizontal Ownership) .

This law applies to separate houses or terraced properties and to developments of high-rise apartments where where fincas for sale in alicante the ownership could be said to be vertical as well as horizontal.

Whenever parts of the buildings are jointly owned, or where there are gardens or swimming pools common to all, and when owners share the cost of maintenance and services, then there is 'horizontal ownership' and this law law applies.

It enables a Community to run democratically in accordance with fincas for sale in alicante the wishes of the majority of owners and is government of the people, by the people, for the people.

You can still pay a holding deposit to secure the property and let your legal advisor vet the contract before before you sign.

As stated previously, no reasonable vendor will refuse to refund a holding deposit should a solicitor find any legal reason why you should not proceed.

Good estate agents will only deal with reasonable and reliable vendors.

fincas for sale in alicante

All property sales and purchases in Spain must be registered

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