MAKING A WORLD OF DIFFERENCE - SINCE 1982

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Completion

Title Deeds

PURCHASE CONTRACTS

As your estate agent we guarantee that Spanish legal requirements are met, that the property is registered in the vendor's name and that it is free of any mortgages, charges encumbrances, debts or other liabilities.

We will negotiate the purchase terms with the vendor. The terms cover in detail all your requirements like the completion date, the form of payment... etc.

The next step after paying the reservation deposit is to make the THE PRIVATE CONTRACT. It is customary to pay a deposit of ten per cent of the price, which is not normally refundable if the purchaser defaults. Conversely, if the vendor fails to perform his obligations, you will be entitled to rescind the contract. Before your contract is signed we will have completed searches and investigations in respect of the property.

Finally, on the day fixed for completion you will go to the Notary Public to sign THE TITLE DEED, making the final payment to the vendor who will simultaneously pass over possession of the property to you, handing you the keys. At this stage the sale is completed. Immediately after completion, the notary will fax details of the title deed to the local land registry to inform them of the identity of the new owner. In this way the Notary and the Land Registry act together to protect and guarantee your interests.

You will then have to pay the relevant taxes and have the original title deed submitted to the Land Register for registration of your title. We also arrange for the transfer to your name of utilities and services such as water and electricity and organise their payment through a local bank.