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A requisite part of buying a property in Spain is the Land Registry (Registro de la Propiedad). Properties not registered with the land registry have their ownership and legality subject to question and disputes can arise. When the property is registered, ownership of the property cannot be questioned. 

Sadly, unregistered properties can be found all over Spain where properties are having their legality contradicted either by a private party or a government body. This situation usually happens when buyers have not involved an experienced professional Spanish lawyer, and have probably dealt directly with developers for example. In this case it is also likely that the property deeds are also incorrect.

Land Registry is a database that lists all properties registered in Spain; it includes a description of the property stating its size and boundaries, as well as officially registering the property in the name of the owner. Registering the property makes the information legal and secures it avoiding any dispute in the future. Of course the process involves proving ownership and various other documents leaving everything in order.

The description of the property on the Land Registry is similar to the deeds; however it offers more current information and background information on the property. The deeds confirm ownership, while the register supplies an ownership history, details on the boundaries and any charges or debt.

When buying a home in Spain the Land Registry is a necessary resource for home owners, potential buyers and lawyers as it provides enough information to gather a better concept of what the property entails. If the property is not registered, more investigation upon the property must be made to ensure a smooth transaction. The risk people take when not registering a house is that the house can be sold again by a third party and ownership challenged, as well as taking on debt that previous owners accumulated.

When you buy a property with a mortgage the land registry is an obligatory part of the process. The cost of the registration is usually similar to that of a public notary. The costs of simply applying for information, in the case of buying, tend to be relatively small.


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CBD Oils Buy Online

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