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ARTICLES

BUYING PROPERTIES IN VALENCIA CITY 512 337 TLA

BUYING PROPERTIES IN VALENCIA CITY

This is a small presentation of our Legal Assistance on the purchase/sale of properties placed in Valencia.  Valencia is a wonderful city. The most important service center in Valencia Region, and the fourth in importance and population in Spain. Together with the economical and industrial activity, with one of the  most important Mediterranean Commercial Ports,…

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“Usufruct” in Spain – Right to use the property 300 251 TLA

“Usufruct” in Spain – Right to use the property

“Usufruct” in a property ownership is the right to use and benefit from a Property not being the owner. It is like being the tenants but not paying any rent. So,  the owners of the property are different people from the user. This kind of owners is named “Nude owners”. The «Nude owners» are those…

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CADASTRAL VALUE-VALOR CATASTRAL – WHAT IS AND HOW IS IT CALCULATED 2000 1315 TLA

CADASTRAL VALUE-VALOR CATASTRAL – WHAT IS AND HOW IS IT CALCULATED

The “Catastral Value” is a very important value which is calculated by the administration in each real estate in Spain. It is used to calculate Spanish tax like the IBI (Council Tax), and the IRPF (Income Tax), and others, as well as to calculate the FISCAL VALUE of the property in case of sales, for…

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SPANIARDS INCREASE THE PURCHASE OF NEW BUILT PROPERTIES 2000 1315 TLA

SPANIARDS INCREASE THE PURCHASE OF NEW BUILT PROPERTIES

(English versión translated from the original in Spanish at El Pais ) These days the buyers of one of the promotions of flats under construction on Maricara Street, in the neighbourhood of Butarque (Madrid), have an important appointment. Perhaps the most important of the last 24 months is worth entering for the first time in…

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BUYING PROPERTIES IN CATRAL, DOLORES, CREVILLENTE AND REDOVAN 512 160 TLA

BUYING PROPERTIES IN CATRAL, DOLORES, CREVILLENTE AND REDOVAN

This is a small guide about the type of properties in VEGA BAJA. An area whcih covers properties placed in Ciudad Quesada, Algorfa, Benijofar, Catral, Almoradí, Benferri, Rojales, Benejuzar,  La Marina, Ciudad Quesada, Guardamar, Orihuela,  Redován, Callosa, Crevillente, considering the main legal aspects for conveyance, made by our lawyers. If you are interested to buy…

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BUYING PROPERTIES IN MALAGA AND MARBELLA 1921 950 TLA

BUYING PROPERTIES IN MALAGA AND MARBELLA

This is a small presentation of our Property Purchase Process service on properties placed in  Málaga, Torremolinos, Marbella, Manilva, Fuengirola, Estepona, Benalmádena, Alhaurín de la Torre ,   considering the main legal aspects for conveyance, made by our lawyers. If you are interested to buy or to sell a property placed in Costa Blanca South TLACORP…

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BUYING A HOUSE IN SPAIN WITH MORTGAGE? – NEW REGULATIONS – ASK FOR A POA TO YOUR LAWYER 2000 1315 TLA

BUYING A HOUSE IN SPAIN WITH MORTGAGE? – NEW REGULATIONS – ASK FOR A POA TO YOUR LAWYER

For many years now we have been experiencing a series of legislative reforms, and essential changes in the way in which the process of obtaining mortgages in Spain has been developing historically. Spanish banks have been subjected to great stress when it comes to legally confirming the positions and conditions in which they have been…

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LIMITATIONS IN THE USE OF URBAN PROPERTIES – PURCHASE OF CONSOLIDATED AND NOT CONSOLIDATED LAND 2000 1315 TLA

LIMITATIONS IN THE USE OF URBAN PROPERTIES – PURCHASE OF CONSOLIDATED AND NOT CONSOLIDATED LAND

In previous reports, we were explaining the differences between URBAN LAND and RUSTIC LAND. In relation to URBAN LAND, we were explaining that this is a land in which it is authorized to build with determinate specifications contained in the “Development Plans” of the city or area (Plan General de Ordenación Urbana), or in specific areas…

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BUYING PROPERTIES IN TORREVIEJA-SAN LUIS-LA SIESTA-CIUDAD QUESADA 700 500 TLA

BUYING PROPERTIES IN TORREVIEJA-SAN LUIS-LA SIESTA-CIUDAD QUESADA

This is a small presentation of our assistance on purchase/sale process on properties placed in TORREVIEJA-SAN LUIS-LA SIESTA-La MATA area. Torrevieja is a  wonderful  place, with spectacular valleys and high qulity beaches,  surrounded  by spectacular Salt-Lakes, with magnificent views and nature. In case you are interested to buy or to sell a property placed in…

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BUYING PROPERTIES IN SAN JAVIER – CARTAGENA – MURCIA 2500 1667 TLA

BUYING PROPERTIES IN SAN JAVIER – CARTAGENA – MURCIA

This is a small presentation of our Property Purchase Process service on properties placed in  San Javier, Los Alcázares, Mar Menor, Cartagena, Sucina, Torrre Pacheco, Santiago de la Rivera, Lo Pagán,  considering the main legal aspects for conveyance, made by our lawyers. If you are interested to buy or to sell a property placed in…

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UPDATE THE DEEDS- DECLARACION DE OBRA NUEVA 150 150 TLA

UPDATE THE DEEDS- DECLARACION DE OBRA NUEVA

This is a process done in front of a Spanish Notary, who will prepare the deeds of the house over the pre-existing land or plot. To make the D.O.N. for new houses, it will be necessary to obtain the Certificate of Habitation (CH) from the new Spanish Regulations of 2007 (Ley del Suelo de 2007).…

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SPANISH MORTGAGE EXECUTION- Embargo, Spanish repossession 1024 1024 TLA

SPANISH MORTGAGE EXECUTION- Embargo, Spanish repossession

When there are monthly payments on arrears, usually, there the Spanish banks give 2 solutions to execute an unpaid mortgage: 1.- Public Auction – Embargo Once a determinate number of non-paid monthly mortgage payments occur, the bank sue the property in the Courts, and open a seizure process. In this moment, the costs of the…

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HORIZONTAL DIVISIONS ON SPANISH URBANIZATIONS 300 124 TLA

HORIZONTAL DIVISIONS ON SPANISH URBANIZATIONS

Horizontal Division in Urbanizations means that the land where the different houses from the urbanization are placed belongs to all the owners “in common”. This Horizontal Division is a way used in urbanizations and buildings where the different owners own the 100 % from their houses and “in community” the land of the urbanization. So, the…

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COSTA BLANCA 2018. RISE OF PROPERTIES TRANSACTIONS. WHAT ABOUT 2019? 2000 1315 TLA

COSTA BLANCA 2018. RISE OF PROPERTIES TRANSACTIONS. WHAT ABOUT 2019?

Purchases of properties to foreigners increased again in 2018 with respect to the year 2017 in the whole Costa Blanca – Alicante. It has been reached the number of 23,000 sales, representing an increase of 7% compared to 2017. (source: Información – Alicante Newspaper). It seems that the adverse international context, such as the economic…

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BUYING PROPERTIES IN GANDIA AND OLIVA 800 250 TLA

BUYING PROPERTIES IN GANDIA AND OLIVA

This is a small presentation of our Property Purchase assistance service on properties placed in Oliva and Gandía area.  With excellent communications and,  surrounded by spectacular valleys and nature. It is composed by beaches as: Terranova (Oliva) Pau Pí (Oliva) Aigua Blanca (Oliva) Aigua Morta (Oliva) Rabdells (Oliva) Les Deveses (Oliva) Playa Nord (Gandía) Playa Venecia…

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HOW DOES THE AGREEMENT ON BREXIT AFFECT THE SITUATION OF BRITISH RETIRED IN SPAIN? 2000 1315 TLA

HOW DOES THE AGREEMENT ON BREXIT AFFECT THE SITUATION OF BRITISH RETIRED IN SPAIN?

This weekend an agreement has been reached with regard to Brexit, which affects relations between the European Union and the United Kingdom at different points. Regardless of the commercial and financial points of the agreement, we wanted to focus on one of the points that most affect our clients, which is what is going to…

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PURCHASE OF PROPERTIES IN SPAIN. IMPORTANCE OF CONFIRMING MARRIAGE STATUS 2000 1315 TLA

PURCHASE OF PROPERTIES IN SPAIN. IMPORTANCE OF CONFIRMING MARRIAGE STATUS

If you buy a property in Spain, being married in some countries such as France, Belgium, Italy, Germany, Sweden, Canada, the United States, Latin America, etc., it is important to confirm the marriage status and the marriage system. Normally, there are two marriage systems: COMMUNITY OF ASSETS:  France, Germany, Belgium, Netherlands, Sweden, Switzerland, Denmark, Norway,…

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HOLIDAY RENTALS. VALENCIA REGION. REGISTRATION PROCESS AND TAXES 2000 1315 TLA

HOLIDAY RENTALS. VALENCIA REGION. REGISTRATION PROCESS AND TAXES

Usually, there are 3 ways to rent a property: Short term rentals: This type of rent is for tourists who wish to use the property for tourism/holiday. This type of rentals must be registered in a special registry in Valencia, and one of the requirements is the certificate of habitation. Short term of stay: less…

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CATASTRO RUSTIC AND URBANA 1024 1024 TLA

CATASTRO RUSTIC AND URBANA

QUESTION: I have a property in Valencia the villa is registered as urbaba but the land is registered as rustica, so what is it Urban or Rustic. TLACORP ANSWER: From which we understand from your email, you would like to know what is the classification from your property when you have two kinds of registries,…

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HOW TO SET UP B&B – CAMPING – HOTEL IN RUSTIC LAND AREAS 2000 1315 TLA

HOW TO SET UP B&B – CAMPING – HOTEL IN RUSTIC LAND AREAS

Rural land is the one in which only  farming, forest and nature activity may be developed. So, purely, touristic activity is not approved. So,  when a Casa Rural, or B&B, or Camping is projected in this land it is required to get the special approval at the local and regional administration where specifically allow to…

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CERTIFICATE OF HABITATION – CEDULA DE HABITABILIDAD-LICENCIA DE OCUPACION 2000 1315 TLA

CERTIFICATE OF HABITATION – CEDULA DE HABITABILIDAD-LICENCIA DE OCUPACION

Cédula de habitabilidad – Certificate of habitation – License of Occupation Certificate of Habitation – C.H. (Cédula de Habitabilidad or Licencia de Primera o Segunda Ocupación). This is a document which resumes the confirmation from the Town Hall that the property is ready for habitation, and it is applied once the property is finished with…

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TIN – TAX IDENTIFICATION NUMBER – REQUIRED WHEN OPENING A BANK ACCOUNT IN SPAIN 2000 1315 TLA

TIN – TAX IDENTIFICATION NUMBER – REQUIRED WHEN OPENING A BANK ACCOUNT IN SPAIN

Opening a bank account in Spain requires of special procedures. A few years ago, opening a bank account in Spain was relatively simple. Bank accounts could be opened from abroad without the presence of customers in Spain. Lawyers, through power of attorney, were also authorized to open bank accounts in Spain being no necessary the presence of…

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HIDDEN DEFECTS ON HOUSES. RESPONSIBILITY AND PROCEDURES 1973 1315 TLA

HIDDEN DEFECTS ON HOUSES. RESPONSIBILITY AND PROCEDURES

In the property buying and selling process, it is very important to take into account the responsibilities assumed by sellers and builders in the sale of property to buyers. It is very normal to find properties in the market that are sold with defects, in which the buyer does not know very well how to…

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HOUSE INSURANCE WHEN RENTING – WHO PAYS?, OBLIGATORY? 940 788 TLA

HOUSE INSURANCE WHEN RENTING – WHO PAYS?, OBLIGATORY?

Is the house insurance obligatory? As difference with CAR INSURANCE, where insurance is OBLIGATORY, in respect of houses getting insurance is VOLUNTARY. Although “voluntary”, getting house insurance is highly recommendable, not only to cover eventual risks of robbery, inundation, fire (as the recent unfortunate case in Javea and Benitatxell- We make the best use of this report to…

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