This article is our follow-up to our recent article, Possession: why you should never hand over your house keys before completion – 12th March 2020.
Congratulations, you finally bought a house in Spain and you are all giddy at the thought! It is an exciting moment for a buyer.
Disclaimer: this post is of general interest only and is not to be construed or intended as substitute for professional legal advice. Seek legal counsel on your matter.
You have fallen in love with a property in Spain and now it’s time to take the dip and sign the contract!
Congratulations, you have found a buyer for your Spanish property! You should now instruct a lawyer to represent you in the sale, particularly if you are non-resident in Spain.
To secure the deal, your appointed lawyer will require from you a long list of documents you should have ready at hand.
1. Hire a conveyance lawyer
Before paying a reservation deposit to an estate agent or developer (which are normally non-refundable), you should first hire a lawyer specialised in conveyancing.
With the change of government, the region of Andalusia approved a new set of inheritance laws on the 11th of April 2019 which drastically reduce, or even suppress, Inheritance & Gift tax.
The gist of these changes is that to most people they translate into paying drastically less taxes when inh
Due to the importance of the changes enacted last June on taking out a mortgage in Spain, we will briefly collate in bullet points all that’s new. The majority of these changes are pro-consumer, greatly benefitting borrowers in Spain.
All changes effective as of Monday 17th June 2019.
1.
While most people may think this is rather straightforward, the fact is that if you do it wrong, you may find your tenant deposit not returned by your landlord; or even worse, an unwanted extension to your lease agreement!
For many this topic may seem rather pointless or futile; but the fact of the matter is that if you fail to cancel a lease agreement properly in Spain, it may have serious legal (and financial) repercussions for the tenant.
In Spain, long-term contracts for rental properties which act as the pe