| What is...? |
|
| New
Property |
A property
that is owned by the builder/developer. |
| Resale
property |
A property
that is owned by a family or individual. |
| Reservation
or holding contract |
A document
reserving the property acting as a receipt for monies paid. |
| Abogado |
This is Spanish for Solicitor. Home
& General Properties will introduce you to an English speaking Spanish
solicitor should you require it. They will organise all your legal
requirements including searches on the property to be purchased and also
handle all the payments on behalf of the purchasers. Of course you are
free to use a solicitor of your choice.
Home
& General do not have any obligation or financial ties to any of
the
solicitors
we recommend. |
| The
Escritura |
This is the
title deed. As in Britain, the title deed shows proof of ownership and
contains a detailed description of the property. Where a resale property
is involved the title deeds will show details of the properties history
and recent ownership(s). |
| Notary |
This is a
public official and witnesses the signing of all documents relating to the
sale of the property. |
| Land
Registry |
This is where
all the title deeds are registered. Both the title and any charges against
the property can be checked here. |
| Hacienda |
This is the
Spanish tax authority, equivalent to the UK Inland Revenue. |
| Power
of attorney |
The buyer
usually attends meetings with the notary in person. If this is not
possible then a person can be given power of attorney and attend the
meetings on your behalf. This is usually a solicitor. |