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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 payment.
It will also confirm that the Escritura de Compraventa (Title Deed) is is in spanish lawyer 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 rights of third parties and will state who is liable for taxes and costs costs involved in spanish lawyer the transfer.
There will also be stipulations regarding penalties for non-fulfilment of the contract.
The purchase contract for a property still under construction will contain similar details and normally further information regarding ownership of land, building permission, completion dates and the setting up of a community etc.
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spanish lawyer
Often contracts are written in English and sometimes they are in Spanish with an official English translation.
Your Estate Agent should go through the contract with you and clearly explain any details of which you are unsure.
If you are not sure of any clauses in the contract or or have any doubts about spanish lawyer the fairness of the stipulations then do not sign it.
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 claim spanish lawyer the money back if tax is not due.
If the vendor is a resident of Spain, then there is no need to retain the 5% as the vendor would be expected to be making his own tax returns on a regular basis.
THE COMMUNITY OF OWNERS
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