Questions and Answers
What is a potential issue with an outdated 'Nota Simple'?
It may contain inaccuracies or not show recent changes in ownership
What does an up-to-date 'Nota Simple' provide?
Clarity on outstanding mortgages or financial burdens tied to the property
Why is it beneficial for the seller to provide the 'Nota Simple'?
To streamline the process and foster transparency and trust
What can a buyer do if they discover unresolved issues with the property?
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What is the main purpose of the 'Nota Simple' in a property transaction?
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When is a separate purchase agreement not necessary?
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What is the primary benefit of the Spanish Law 57/68 for buyers?
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What is the purpose of the Notarial Deed of Sale?
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Who is responsible for preparing and authenticating the Notarial Deed of Sale?
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What is the primary role of the notary during the signing of the Notarial Deed of Sale?
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What is the outcome of the Notarial Deed of Sale being signed?
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Why is it essential to consult with an experienced property lawyer when investing in properties under construction in Spain?
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What is the VAT rate for residential properties in Spain?
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Who is liable for Non-Resident Income Tax in Spain?
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What is the purpose of Stamp Duty (AJD) in Spain?
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What is the primary goal of a competent Spanish property lawyer during the property purchase process?
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What is the typical rate range for Annual Property Tax (IBI) in Spain?
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What does the Certificate of Debt-Free Community of Owners confirm?
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Who is exempt from Non-Resident Income Tax in Spain?
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What is the purpose of the Energy Efficiency Certificate?
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What is the taxes that residents need to pay when buying a new property in Spain?
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Why is it essential to obtain the property's cadastral reference number?
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What information does the Land Registry Extract provide?
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How many critical documents should a competent Spanish property lawyer verify before signing the notarial purchase deed?
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What is the primary purpose of a Technical Building Inspection (ITE)?
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What is the significance of reviewing recent utility bills?
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What is the purpose of Property Statutes (Estatutos de la Comunidad)?
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What is essential to review for properties purchased as investments with existing tenants?
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What type of license is required for newer properties?
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What is advisable to verify in a property purchase?
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