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Spanish legal terms and what they mean
Terminology
Abogado Actos Juridicos Documentados (AJD) Community Administrator Contrato de Compraventa Copy of Escritura Cuotas de comunidad Escritura Publica de Compraventa Escritura value Hacienda (Tax Office) Impuesto Sobre Transmisiones Patrimoniales (ITP) IVA Legal Definition of the property Liabilities and debts Nota Simple Notario Plus Valia Registro de la Propiedad Town Hall
Solicitor
Stamp duty
Check for any outstanding fees that need to be taken into account
Contract of sale, this is signed when the 10% deposit is paid, check 'completion time', Escritura value, Furniture inclusion and other conditions of the sale
This will be certified copy of the title deed
Community service charges
The title deed. This will show who the true owner/s are and define exactly what is being purchased
Purchase price of the property and content value
Checks there are no outstanding taxes and that previous wealth tax submissions were made
Property Transfer Tax
VAT
Exactly what is being sold - (bit embarrassing to buy a villa, and then find the deeds don´t include the land it stands on)
The extent of any borrowings or liabilities, if any, guaranteed by the property and any outstanding debts on the property.
An extract from the title, which confirms current ownership and shows any mortgages or embargoes on the property. Available from the land registry
The public impartial witness (Notary)
Capital Gains tax on land
The land registry
Checks that the annual Municipal rates have been paid up to date.