Legal

When buying or selling a property on the Costa del Sol it is essential to follow legal recommendations to ensure a smooth and secure transaction. Here are some key legal considerations for both buyers and sellers:

For Buyers:

1. Hire a Qualified Lawyer: Before proceeding with any property purchase it is crucial to hire a qualified lawyer who specialises in Spanish real estate law. Your lawyer will review all legal documentation, conduct due diligence on the property and ensure that the transaction complies with local regulations.

2. Verify Property Ownership: Your lawyer will conduct a thorough title search to verify that the seller has legal ownership of the property and has the right to sell it. This will help prevent any issues with disputed ownership or legal encumbrances.

3. Check for Liens and Debts: Your lawyer will also check for any outstanding debts, liens or mortgages on the property. You don't want to inherit any financial obligations from the previous owner when you purchase the property.

4. Review Purchase Contract: Your lawyer will review the purchase contract (‘contrato de compraventa’) to ensure that all terms and conditions are fair and legally binding. They will also explain any clauses or obligations outlined in the contract.

5. Understand Tax Implications: Your lawyer will advise you on the tax implications of the property purchase including transfer taxes, stamp duty and property taxes (IBI). They will also ensure that you comply with any non-resident tax obligations if applicable.

6. Obtain Necessary Permits and Certificates: Depending on the type of property you are purchasing you may need to obtain permits or certificates for renovations, construction or land use. Your lawyer can guide you through the process and ensure that you comply with all regulatory requirements.

For Sellers:

1. Gather Documentation: As a seller you will need to provide various documents related to the property including deeds, title deeds, property tax receipts, utility bills and any community fees or regulations. Your lawyer can help you gather and organise these documents.

2. Comply with Legal Obligations: Sellers are required to disclose any known defects or issues with the property to potential buyers. Your lawyer can advise you on your legal obligations and ensure that you comply with all disclosure requirements.

3. Negotiate Purchase Offers: Your lawyer can help you negotiate purchase offers from potential buyers and ensure that the terms and conditions are fair and legally binding. They will also review the purchase contract and explain any obligations or liabilities.

4. Handle Closing Process: Your lawyer will oversee the closing process to ensure that all legal requirements are met including the transfer of ownership, payment of taxes and fees and registration of the property in the buyer's name.

5. Resolve Legal Disputes: If any legal disputes arise during the selling process, such as issues with the title or boundary disputes, your lawyer can represent your interests and help resolve the matter through negotiation or legal action.

Overall, having a qualified lawyer on your side is essential when buying or selling a property on the Costa del Sol. They will provide expert legal advice and guidance to protect your interests and ensure a successful transaction.