Mj Carrillo Lawyers. Spain

Second Hand

Second Hand Properties

The purchase contract. Signature of the tittle deeds

The sales contract should be signed before a Notary, and shall contain the mortgage contingency, and the specifics of it: amount, rate and term, where applicable.The contract must accurately describe the property being sold, identify the seller and buyer, and state that the property is free of charges.

The Notary would certify that the parties sign the contract properly, and he would keep the original document in his files in case any problem could arise later. You should also know that the Notary does not certify that all the statements are true only that the parties have sworn to them.

The purchase deed must be registered with the Spanish Property Registry, thus making it an escritura publica (public deed). That registered contract makes you the owner of the property. You shall receive the keys of your property upon signature of the contract, in the presence of the Notary.

In case you cannot be present to sign the contract, you can make a Power of Attorney allowing your lawyer to sign it for you, if necessary.

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