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.
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.
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
The following is a list of clauses commonly mis-used in long-term rental contracts in Spain. This article refers to the lease regime under the Spanish Urban Tenancy Act affecting long-term rentals.
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.
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.
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
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.