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Essential information about the Land Registry in Spain
A “nota simple" serves to have the maximum information about a property. It is one of the steps that can be performed in the land registry. In this post we explain more about this institution.
One of the main steps that any real estate adviser asks for its customers, is to ask for a “nota simple" 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 carried out in the Land Registry.
From Golf Sun Spanish Properties we will provide you information about the Land Registry.
What is the Land Registry?
The Land Registry is a public institution that is responsible for creating entitlements on real estate, aiming to ensure the legal and property security. Through this domain and others real property rights are acquired, avoiding claims.
What you can enroll in the registry of the property?
Any action that relates to the purchase of a property and the situation that 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 a corresponding description (country, city ...).
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. The rates are approved by the Government and are available on the Official Gazette. The simple data sheet, 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 there is no need to renew it.
In what cases is it advisable to consult the Land Registry?
When you go to buy a home, you should go to register to know who has ownership of the property and if you have outstanding debts, since once the land is purchased, the tax burdens are inherited.
How much does it cost for the information provided?
The amount of this service, according to information provided by the Association of Registrars of Spain, is 9.02 euros, both ordinary and “nota simple" for note location. The tax applicable in each case are not included in this amount.
What value does a “nota simple" have of the Land Registry?
It has a purely informative value, which limits their use. If it takes a document character certificate, you must request a Continuing Note. In the first case, you can order through the Internet; but if you need a continued Note you must physically go to the registry.
What data do you need to apply for a “nota simple"?
The quickest way to request a “nota simple" is to provide the registration number of registered property and the registry where the property is registered. Failure to meet these data, we must provide at least the DNI, NIE or CIF owner of the house and the same address (street, number and town).
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