JOSE ESCOBEDO - ABOGADO, colegiado num. 1685 del Ilustre Colegio de Abogados de Tenerife -TEL: (34) 922 714322 - FAX (34) 922 714201 - Registered lawyer num. 1685 of the Tenerife Law Society, Canary Islands, SPAIN - Office hours 9:00 a.m. - 15:00 p.m.
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Cuando hayas de sentenciar, procura olvidar a los litigantes y acordarte sólo de la causa (Epícteto de Frigia)
Tue May 15, 2007
WHAT IS THE FIRST THING TO DO WHEN YOU DECIDE TO BUY PROPERTY
Once you have chosen a property, you should request a Copy of the Seller's Title Deed or Deed of Sale. It is possible that the Seller (owner) acquired the property by Sale, Inheritance, Sale by Judicial Auction, Dation in Payment, Exchange, Donation, Marriage Settlement, etc. so it is necessary to make sure that the seller's title deed is a Public Record, i.e. a Notarial Deed. In Spain, only those documents signed before a Notary may be registered in the Land Register.
If the seller gives you a Private Document you should be particularly careful as it is possible that the person who is offering the property for sale is not the same as the one in whose name the property is registered in the Land Registry. Furthermore, as long as the seller does not register the property in his/her name in the Land Registry it remains open for the enforcement of any type of charges, embargoes, mortgages and even in favour of other people. More...
[0] comments (0 views) | [0] Trackbacks [0] PingbacksCOMMON PITFALLS WHEN STARTING A BUSINESS IN SPAIN
Some of the situations described below may seem pretty obvious for you but you would be surprised of how many foreign investors fall into these common pitfalls:
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[0] comments (0 views) | [0] Trackbacks [0] PingbacksDO YOU HAVE ALL THE NECESSARY DOCUMENTS FOR YOUR PROPERTY?
Foreign property owners often don’t realize that they haven’t got all the right documents for their property until they come to sell ... so why wait until the last minute to check through your papers.
If you are a home owner, take a minute to check through our checklist below and avoid problems and delays when it comes to selling your property.
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