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Essential information about the Land Registry in Spain
A simple note serves to have the maximum information about a property. It is one of the steps that can be done in the land registry. In this post we explain more about this institution.
One of the steps that any real estate adviser for its customers often make is to ask a simple note on the property. It is a document that is very important to know inter alia the true ownership of a house or if there are outstanding debts. This is one of the most common procedures performed in the Land Registry.
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In this article we will give you information about the Land Registry.
What is Land Registry?
The Land Registry is a public institution that is responsible for creating entitlements on real estate, in order to ensure the legal and property security. Through this domain and other real property rights are acquired, avoiding claims.
What you can register in the register of the property?
Any action that relates to the purchase of a property and the situation in which they find: sale, mortgage, lease, etc.
Is it compulsory to register the property in the Register?
It is not compulsory but guarantees legal security to the owner, who sees their rights protected in the courts for any controversy. In addition, a property registration document provides Expect to be sold or left in inheritance.
It should differentiate the Land Registry Cadastre, which is an administrative register that necessarily must register all real estate with its corresponding description (rustic, urban ...).
What does it cost to register a property in the Land Registry?
There is no fixed cost, but varies according to the value to be granted to the property, depending on their location and characteristics. Rates are approved by the Government and are available on the Official Gazette. Simple information note, which verifies who the owner and proprietor of the building, normally ships the same day or the next day to apply.
Does this registration expire?
The validity of the registration of a property does not have an expiration date, so no need to renew it.
In which cases it is advisable to consult the Land Registry?
When you go to buy a home, you should go to the registry to find out who really owns the ownership of the property and if you have outstanding debts, since once the floor is purchased, their tax burdens are inherited.
How much it cost the information provided?
The amount of this service, according to information provided by the Association of Registrars of Spain, is 9.02 euros, thus ordinary single note as note location. The tax applicable in each case are not included in this amount.
Of what value is a simple note of the Land Registry?
It has a purely informative value, which limits their use. If it takes a document with character certificate, you must request a Continuing Note. In the first case, it can be ordered through internet; while accessing a continued Note must physically go to the registry.
What information do I need to apply a single note?
The quickest way to ask a simple note is to provide the number of registered property and the registry where the property is registered. Failure to know this information, you must provide at least the DNI, NIE or CIF owner of the house and the direction thereof (street, number and location).
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