In this article, we look at the key points (20) that need to be considered when buying and selling a property. 1. Urban planning regulations 1.1 Land Register and Cadastre – A PARADOX Caution: The fact that a house is registered in the land register does not mean that it is actually legal. A property [...]
1 – Do the Balearic Islands have its own civil law? The Spanish Civil Code (Código Civil) is not applicable in all its parts to the entire territory of Spain. Rather, in certain areas and since ages, different civil law systems apply side by side (that of the Balearic Islands, Aragon, Catalonia, the Basque Country, [...]
Right of purchase from the neigbourhg of the land of the neigoburgt after the sold of it for properties on rural land in the Balearic Islands. (Balearic Islands’ Supreme Court Ruling // Agricultural Law 3/2019 of January, 31st) The Balearic Agriculture Law 3/2019 from 31 January provides for a right of repurchase that is likely [...]
Dangers of aligning information about a property in the Cadastral and Land Registers In a recent case, my client learned from a friend that his small garden shed was for sale on a real estate agency’s page on the internet. His neighbour had made the graphic coordination of the plot in the cadastral register and [...]
The Royal Decree Law No. 11/2018 has recently reformed Law 10/2018 of 28 April on the Prevention of Money Laundering and the Financing of Terrorism. An additional provision now requires all-natural persons and legal entities to register in the commercial register in case they provide one or more of the following services (as provided for [...]
Nowadays the sale of a property is covered with a great documentary and technical complexity. Indeed, when dealing with operations of high economic and vital relevance, there are many constraints that should be considered. Therefore, if you plan to sell a property you should have prepared the following documentation. PROPERTY REGISTER EXTRACT Firstly, it [...]
Spouse’s express approval necessary when selling the family residence. The Balearic Civil Code Depending on the region, Spain has different civil rights systems (Navarra, Basque, Galicia, Catalonia and the Balearic Islands). This means that the Balearic Islands have their own civil law regulating the relations between the citizens living here. What is the [...]
Primary and brief practical approach to the civil law aspects (Preliminary draft law amending the 8/2012 Law, of July 19, relating to tourism in the Balearic Islands, concerning the marketing of tourist accommodation) 0.- IS IT APPLICABLE NOW? No. It is only a preliminary draft that must be approved by the Governing Council and [...]
For those residents in the Balearic Islands, who are considering to plan their succession, we offer a complete service including all tax and legal aspects as well as the execution of all necessary steps. The following points should be taken into consideration: The new EU regulation for inheritances comes along with significant changes. Formerly the [...]
(DESPITE THE UK OPTED-OUT OF THE NEW EUROPEAN INHERITANCE REGULATION) It’s absolutely advisable for UK nationals residing in Spain to determine by a last will that the Nationality Law has to be applied in their inheritances in order to avoid that those will be ruled by Spanish regulation. 1.- THE NEW AND REVOLUTIONARY EUROPEAN [...]
