WHAT IS THE "TITLE DEEDS"
At the time of the last payment of the private
contract, you will be asked to sign, in front of a Public Notary, the document
that recognises you as owner of the property you have bought. This document is
called the "Escritura Publica de Compraventa" (Public Title deed),
which states full details of the vendor and purchaser, exact description of the
property, its 'linderos' (property boundaries), community fees related to the
urbanisation where the property is located. It also states that the property is
sold 'free of charges' and without any tenants, as well as other relevant
details.
THE LAND REGISTRY OFFICE
Any changes regarding the property are registered on
this document including inheritance, donation, mortgage, debts, etc. For this
reason this document is an up-to-date record regarding the current status of
the property that you are buying. Even though in Spain it is not obligatory to
register with the 'Registro de la Propiedad' (Land Registry Office) it is
highly recommended.
Lopez Develop
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