Mallorca properties

 In order to legitimise yourself for the sale of a property, your contractual partner must present a notarised purchase contract with an entry made by the land registry office. Alternatively, they can also prove their ownership by means of a current extract from the land register. This includes the cadastre reference. Caution should be exercised in the case of verbal agreements - in Spain, contracts concluded verbally may also be valid. So always clarify in advance whether the owner alone is entitled to dispose or whether the spouse must agree. If the undersigned is not the owner, he or she must present a power of attorney that allows him or her to make the sale on his or her behalf.

Check any encumbrances on the property, the quality of the building land, municipal development plans and existing rental and lease agreements. Check the amount of property tax to be paid on the basis of a payment receipt - preferably the last 5 years, then you are on the safe side that this has also been paid. If the real estate is subject to the residential property law you should, as in Germany, have the apportionment arrears documented. If you buy a plot of land with a house, the house should also be registered in the land register. A habitation certificate shows you whether the supply of electricity and water is properly regulated. Also insist on immediate registration as owner in the land register in the case of installment payments and conclude the purchase contract with notarisation by a notary. Include the "incidental costs" of the real estate acquisition in the calculation. These include notary, land registry office and lawyer (together about 3 - 4 % of the notarial purchase price). In addition, there is the real estate transfer tax and value-added tax. When buying a property in Spain from a non-resident seller, it must be clarified before the full payment of the purchase price whether the withholding of 3% must be made.

Insist on individual agreements, although this sometimes creates some tension in the purchase negotiations, but you can often achieve a better result for you. Submitted form contracts are usually designed for the benefit of the contracting partner who designed them - so feel free to get involved with your ideas. In doing so, you should also have unimportant assurances and points, which you take for granted, confirmed in writing. Always agree in the contract which legal form is to be used. In addition should be regulated, which guarantees are ordered, in order to implement the agreed upon if necessary before court. This way you are on the safe side when buying a property if the worst comes to the worst.