Larraín Nesbitt Abogados

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10 tips on leasing commercial property in Spain

1. Are you dealing with the owner or a legally empowered proxy? Nothing worse than making a huge down payment upfront only to realise you have been duped out of your money leasing from someone who was not the owner.
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Lifetime loans in Spain explained

In these challenging financial times, a lifetime loan (LTL) is a life jacket that offers a financial opportunity that not many borrowers are aware of. It is a type of loan available only to resident senior citizens.
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Renting: be wary of signing ‘reservation’ contracts

Last week I had to deal with a case in Barcelona that is a prime example of why you should be wary of signing reservation contracts on renting in Spain. With the excuse the property was in a highly sought-after location, and someone else could snag it, the tenant was forced to pay a non-refundable
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Top 10 mistakes on renting in Spain

Tenant’s top five A verbal contract is better than a written one. No, not really. Although verbal contracts in Spain are equally valid to written ones, the problem lies when there is a disagreement. It is very difficult to prove what was actually agreed in a verbal contract i.e.
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Snagging list explained

You may have heard the term ‘snagging’ before and may be wondering what it means. Snagging is an informal expression used within the construction industry which is used to describe the process of defect identification and resolution on buying off-plan properties.
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Dissolution of Joint Property Ownership

COVID-19 has brought in its wake a host of nasty effects, both direct and indirectly. Directly, by infecting and killing hundreds of thousands of vulnerable people the world over, from all ages. Indirectly, by drastically changing our lifestyles as we struggle to cope and adjust to our new reality
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Bank guarantees in Spain explained

On buying off-plan property in Spain, it is normal to make a 30 to 40% down payment in instalments and the balance is paid at completion, before the notary. Regarding down payments, they are structured as regular stage payments made to your developer.