If you are a home owner, take a minute to check through our checklist below and avoid problems and delays when it comes to selling your property. These are the property documents and information that you must have when you legally purchase a property:
- TITLE DEEDS (COPIA AUTORIZADA DE LA ESCRITURA): many foreign owners confuse the hard copy of the deeds (ESCRITURA) with the authenticated photocopy (COPIA SIMPLE). You must have the original title deeds which have been stamped and signed by the Property Ownership Registry (Registro de la Propiedad) and the Tax Office (Hacienda)
- CEDULA DE HABITABILIDAD (certificate of occupancy): you need this document to contract electricity, water and gas supplies, and it proves that the property is legal and habitable
- CATASTRO registration (Spanish fiscal land registry)
- NIE (identity number for foreigners)
- Proof of payment of taxes: FORM 600, FORM 211, FORM 214 and Plusvalia (capital gains local tax)
- NEW DEVELOPMENTS: insurance policy for major defects on new constructions (10 year cover)
- Architect´s certificate of completion of building works
- Complex statutes
- Payment of local taxes: refuse collection and IBI (annual Spanish property tax)
- Annual taxes (form 214). Wealth and Income tax
Finally, it is a good idea to do a search for your property on the Property Ownership Registry to make sure that there are no outstanding taxes or debts to be paid. You should remember that any tax liabilities must be cancelled within 4 years of purchase so that your property has a clean record.
Contact Sáenz Abogados Lawyers, we are the lawyers specialized in legal assistance in real estate investment, since 1985, to foreign citizens in the Canary Islands and Spain.