- Completion: A property purchase reaches formal completion when the Purchase deed (Escritura de Compraventa) is signed by both parties (seller and buyer) in the presence of a Public Notary.
The Notary is a public official who certifies that all the legal formalities of the acquisition have been complied with. In the completion of the Deed the agreed amount is paid and possession of the property is handed over to the purchaser.
The Sales contract states that the property is free from all charges and encumbrances, with no outstanding payments related to the property as well as free of occupants or tenants (vacant possession) unless agreed otherwise between the parties.
- Registration of the Title Deeds: The Notary sends a fax to the Property Registry to begin the formal registration of the title deeds, once the Sales Deed has been signed, this is done to advance in the registration process. The Registration is done by the Property Register who in facts registers in the Records that the property has been sold and the names of the new owner/s.
Once the registration has been completed the Property Registry will contact your lawyer, and inform that the Title Deed (Escritura Pública) is ready to be collected.
Our services include overseeing the registration of your Title Deed, arranging all the payments arising from the purchase, as well as making the contracts with water and electricity supplies and setting up the direct debit payments from your Spanish bank account.
For further information on purchasing a property in Spain contact us by email: email@example.com or telephone : +44 (0) 20 3393 4235 / +34 951 08 23 38