As with any property purchase, it is essential to engage the services of a qualified professional. We provide a comprehensive conveyance service and we ensure that all facets of the transaction are carried out strictly in accordance with Spanish Law.
In particular, we would:
- Confirm that the vendor of the property is the legal owner;
- Check whether there are any encumbrances (debts) on the property that may adversely affect the sale;
- Verify that the property, when built, has all the necessary licences and authorisations;
- Review the contract between buyer and vendor, in order to ensure that the rights of the purchaser are fully protected;
- Prepare the necessary documentation for the signing of the public Title Deeds and arrange all necessary appointments;
- Accompany the client to the Notary and translate all legal documents;
- Arrange for the payment of any fees and taxes and for the Title Deeds to be inscribed in the local Land Registry;
- Register the purchaser with the Spanish Tax Authorities through the all important NIE number (Número de Identificación de Extranjeros). The ORIGINAL NIE number is essential for Non-Residents and is required in the purchase of a house;
Review the terms of the mortgage, if requested, and liaise with the Bank to sign the Title Deeds.
The Title Deeds (Escritura de Compra-Venta) contain a detailed description of the property, the conditions of the conveyance and its price. Under Spanish Law, the Title Deeds must be signed by both parties (i.e. purchaser and vendor) before a Public Notary. The Notary is a highly qualified legal representative who authenticates legal documents and gives faith to the identity of the parties and the date of the signatures and sets on public record that the Title Deeds have been signed in his presence.
In some circumstances, in the event that you are unable to attend the Notary meeting in person, you will be able to grant a Power of Attorney, so that we can sign Title Deeds on your behalf.
The last but all-important step in the whole conveyance procedure is the inscription of the Title Deeds in the local Land Registry (Registro de la Propiedad). This is an official registry and protects the rights of property owners. The inscription process takes several months from the date of signature of the Title Deeds at the Notary. Once the Title Deeds have been inscribed, we check to ensure that everything is in order and we normally retain all the documents for our client to collect at their convenience.