|
Your Lawyer will handle the equivalent of ‘Land Registry’
and ‘Local’ searches although the laws relating to land
are not the same as in the UK e.g. you get the equivalent of
freehold (rather than leasehold) title to an apartment.
The Lawyer will ensure that you have a good, clear and
unencumbered title. If
necessary, prior charges (e.g. mortgages held by the
seller’s Bank) will be removed at the completion meeting
with all Banks present in front of the Notary.
The
seller will need to give your lawyer, through the agent, a
copy of the existing Escritura (ownership document) and a copy
of the last IBI (Rates) receipt.
Should
the current owner have a mortgage on the property, this must
be discharged by the relevant bank on or before signing the
new Escritura.
A
search will be carried out by your lawyer to ensure there are
no outstanding tax debts on the property in respect of Rates
(IBI) and/or Rubbish Removal (Exacciones Municipales).
|
