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All property in Spain should
be registered in the Registro de la Propiedad (the land registry),
where you can obtain the full details of the owner, the exact
size of the property and full details of any mortgages, debts
or judgements against the property will normally be registered.
Only the persons or company named on the Escritura Publica,
the title deed, have the right to sell the property, unless
a notarised power of attorney has been given to the third
party.
When the title deed is
signed, you will automatically become the new owner. The final
step is to have the 'Escritura Pública' registered
in the Property Registry Office as soon as possible to prevent
a mortgage or other charge being registered against the property,
while it is still listed in the name of the seller.
Property Registration Fees
Property Registration fees
is charged by the property registration office to inscribe
the new deed into your name. These are based on the official
registered value of the property. The length and complexity
of the deed and other factors are also considered. The fee
does not exceed 1% of the registered value.
It is not advisable to try and do this yourself unless you
are experienced and speak Spanish fluently.
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