Understanding the Certificate of Habitation (Cédula de Habitabilidad) in Spanish Real Estate: Andalucia and Valencia region The „Certificate of Habitation (Cédula de Habitabilidad)“, also known as the „License of Occupation„, is an essential document in the realm of Spanish real estate, particularly when it comes to the sale, purchase, and
Termination of Co-Ownership in Spain: Extinction of Condominium The Extinction of Condominium (EC), also known as Termination of Co-Ownership, is a legal mechanism in Spain that allows one co-owner of an indivisible asset (typically a property) to acquire full ownership by compensating the remaining co-owners. This type of transaction is
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
[vc_row][vc_column][vc_column_text]It is really common in practice that owners of properties, after acquisition, have made new buildings on their properties, or new extensions. For example, a pool, a garage, an outside kitchen or toilette, or a second floor. When this happens, it is necessary to legalize these constructions with a two
Horizontal Division in Spanish Urbanisations What Is Horizontal Division? Horizontal Division („División Horizontal“ in Spanish) refers to a legal structure in which different properties—such as houses, villas, or apartments—share ownership of the land on which they are built. This model is frequently used in urbanisations and residential developments throughout Spain.
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