Tuesday, November 17, 2015

Purchasing: Real Estate in Spain (V). The property register

Once purchase is done, our lawyers at Evolutiza Lawyers & Tax Advisors take care of the proper register of the property, which is crucial when purchasing Real Estate in Spain.

From the moment of signing the deed at the notary, the new title deed of ownership will appear in the Property Register as long as the notary will send it electronically. However, a subsequent procedure must be carried out to collect the original document from the notary’s office, to settle and pay any corresponding taxes and, lastly, to submit the deeds at the Property Register to be properly entered. We oversee this process avoiding all administrative faults.
As soon as the deed is signed, our firm can take charge, on your behalf, of taking out the contracts for all utilities (water, electricity, gas, telephone and Internet connection, etc.), of notifying the local authorities of the purchase/sale (Town Hall, Provincial Tax Collection Office) and of duly informing the community of owners. Likewise, if you so wish, we can arrange to take out a home insurance policy for your new home.
In the event that the property already has connected utilities, all that needs to be done is to change the name on the contracts. When the contracts have been in place for a certain period of time, the utility companies may request a technical certificate to be issued by an electrician, plumber, etc., which states that the installation complies with current regulations. If this were the case, our firm would deal with applying for said certification.