Legal aspects of investing

If you are planning to buy a property in Spain, there are several legal documents you need to take into account. It is important to know which documents are required and what to look out for when buying a home abroad.

One of the most important documents is the title deed, which proves the owner of the property and also records the characteristics of the property. Another important document is the notarial deed, which regulates the transfer of ownership from the seller to the buyer. This also states the purchase price, the payment terms and any restrictions on the property.

Furthermore, the registry certificate is important, which confirms that the property is owned by the seller and that there are no encumbrances or restrictions on the property. The NIE number, which is the tax identification number for non-residents in Spain, is also an important document needed to buy property and carry out other financial transactions.

In addition to these documents, proof of payment, an energy performance certificate and proof of municipal taxes and property tax are also required. These documents indicate that all local taxes on the property have been paid and that the property is energy efficient.

It is very important to make sure that all documents are in order and that you understand what is in each document before signing the purchase agreement. To help with this, it may be helpful to engage a lawyer or expert who is familiar with local laws and regulations. Solencasa is happy to guide you through the process of buying property in Spain.

If you have these documents in order, you can enjoy your new home in beautiful Spain without any worries.