Now we are arriving to the big
deal. Our lawyers at Evolutiza Lawyers & Tax
Advisors take care of the signing, terms, conditions and obligations
derived from the signing of the deed when purchasing
Real Estate in Spain .
The purchasing process ends
when the public deed of purchase is signed by the purchaser and the vendor. At
the moment of signing, the vendor grants the purchaser the title deed of
ownership and usually the purchaser hands over the rest of the agreed price.
The deed of purchase is signed at a public notary. Notaries in Spain are
public officials and, consequently, they are independent. They publicly attest
that the parties have agreed the transaction and that they have done so in
keeping with the law. Prior to the signing, notaries request up-to-date
registry information about the property, to verify that there are no
last-minute encumbrances or foreclosure entries, and immediately after the deed
is signed, they send the Property Register an electronic copy of the title
deed, so that the Register has a record of the new owners straight away.
The seller must provide the buyer with the
necessary documentation according to the current legislation, among which stand
out the title of property, the accreditation of habitability, the certificate
of energetic efficiency of buildings and a document which testify that there is
no outstanding debts with regards to tax obligations and the Community of
Owners.
The deed shall contain personal data of the
buyer and seller, the description of the property with its burdens, the price,
the payment and the rest of terms and conditions.
Throughout the signing process at
the notary’s office, our clients are
always accompanied by one of our lawyers, who oversees the documentation,
checks that everything is in order, and acts as an interpreter. If
there are any professional or personal reasons that prevent the clients from
going to the notary’s office on the indicated date, we will attend on their
behalf to sign the deed. In this case, the clients would need to provide us
with a power of attorney beforehand.
The power of attorney can be signed before a notary in Spain , at any Spanish Embassy or Consulate
abroad or at a notary in the client’s country of residence, in which case the document
will need to be translated into Spanish and legalised with the Hague Convention apostille. Powers of attorney include general
powers that enable us to carry out other procedures beyond the signing of the
deed itself, for example, it enables us to contract the water and electricity
supplies, act as a tax representative, apply for direct debits for bills,
obtain licences, etc., so we always advise our clients to provide a power of
attorney, regardless of whether they can or cannot attend the actual signing.
You know, we are
here to help, let us know from you, and we will do our best, as usually.