Buying a PropertyAGLawyers2020-06-22T07:16:37+00:00
Professional lawyer for buying a property
You will receive global counselling regarding all the proceedings for the purchase of property in Spain. Our conveyancing service includes the following:
Complete all necessary searches on the legal status of the property and the developer/vendor and inform the buyer/s of any issues discovered that may influence the decision or conditions of the purchase.
Liaise and agree with vendor/s and/or their lawyers in respect of terms and conditions of the purchase, ensuring compliance with current laws. In the event that the vendors are non-residents in Spain, a lawyer ensures that any amount paid prior to completion is lodged safely with a resident party, preferably the vendor’s lawyer’s account.
Make preparations for completion of the purchase at the Notary Public and any further procedures required related to the purchase such as drafting a Power of Attorney for individuals abroad (duly legalized and translated) which gives authority to a physical person to act on behalf of the buyers.
Assist in the completion process and ensure the title deeds are properly registered in the appropriate local Land Registry, and that the property is free from all charges and encumbrances, free from occupants and tenants, as well as payment of the relevant taxes associated with the purchase.
Assist in locating, negotiating and obtaining a mortgage loan to finance the purchase of the property.
Obtain the NIE number (Número de Identificación de Extranjeros), or foreigners identification number.
Obtain the habitation certificate (A habitation certificate is a document verifying certain details about a property. These details indicate the property is constructed in accordance with regulations and that the construction has been completed).
Utilities connections. We will arrange contracts for water, electricity and gas supplies. It also includes arrangement of a standing order (direct debit) with a bank of the client’s choice.
Fiscal representation: In compliance with the Non Residents Tax Act (2004) any non-resident owning a property in Spain is obligated to submit a Property Imputed Income Tax declaration before the 31st of December of the year following the purchase of property and thereafter on a yearly basis.