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Essential Information About the Land Registry Process in Spain
A Nota Simple serves to have the maximum information about an individual property. It is one of the steps that can be performed in the land registry and through the buying process. In this post we explain more about this process.
One of the steps that any real estate adviser for its customers often make is to ask a simple note on the property. It is a document that is very important to know inter alia the true ownership of a house or if there are outstanding debts. This is one of the most common procedures carried out in the Land Registry.
In Alicante Holiday Lets we offer our customers a comprehensive real estate service including finding housing and other aspects of the buying process, the costs of sale or any advice related to the property market in Spain. We also offer after-sales services such as hide-service reform. Everything you need to settle in Spain will be as easy as possible.
In this article we will give you information about the Land Registry.
What is the Land Registry?
The Land Registry is a public institution that is responsible for creating entitlements on real estate, aiming to ensure the legal and property security. Through this domain and other real property rights are acquired, avoiding claims.
What you can enroll in the registry of property?
Any action that relates to the purchase of a property and the situation they find: sale, mortgage, lease, etc.
Is it compulsory to register the property in the Register?
It is not compulsory but guarantees legal security to the owner, who sees their rights protected in the courts for any controversy. In addition, a property registration document provides Expect to be sold or left in inheritance.
It should differentiate the Land Registry Cadastre, which is an administrative register that necessarily must register all real estate with a corresponding description (country, city ...).
What does it cost to register a property in the Land Registry?
There is no fixed cost, but varies according to the value to be granted to the property, depending on their location and characteristics. The rates are approved by the Government and are available on the Official Gazette. The simple data sheet, which verifies who the owner and proprietor of the building, normally ships the same day or the next day to apply.
The Registration expires?
The validity of the registration of a property does not have an expiration date, so no need to renew it.
In what cases it is advisable to consult the Land Registry?
When you go to buy a home, you should go to register to know who really owns the ownership of the property and if you have outstanding debts, since once the floor is purchased, their tax burdens are inherited.
How much is the information provided?
The amount of this service, according to information provided by the Association of Registrars of Spain, is 9.02 euros, both ordinary and simple note for note location. The tax applicable in each case are not included in this amount.
What value does a simple note of the Land Registry?
It has a purely informative value, which limits their use. If it takes a document with character certificate, you must request a Continuing Note. In the first case, you can order through the Internet; while accessing a continued Note must physically go to the registry.
What data need to apply a Nota Simple?
The quickest way to ask a simple note is to provide the number of registered property and the registry where the property is registered. Failure to meet these data, we must provide at least the DNI, NIE or CIF owner of the house and the same address (street, number and town).
Do you have any questions about the purchasing process in Spain or any paperwork in particular? Contact Holiday Lets Alicante and help you in everything related to the search for housing in Spain. Our experience allows us to understand customer needs to provide detailed and professional advice throughout the process.