SUNPROPERTIE'S, Canary Islands
For all your property needs in the sun.
Selling , Buying , Long / Short term letting and Holiday lets.
Just one professional stop at SUNPROPERTIE'S, canary islands.
Inspection flights arranged
All legals explained and arranged
For all further enquiries please call or email.
tel 00 34 630 481 189 24hrs
For your online brochure
email dir enq jpv92@hotmail.com
SUNPROPERTIE'S GUIDE TO PURCHASING PROPERTY IN LANZAROTE.
By using our professional services you can be assured that the purchase of your property, plot or business premises will be smooth and worry free!
Please contact us by telephone or E-mail, and we will be glad to discuss your property requirements and guide you through the purchase procedure. Whether you are in the initial stages of looking or have a fixed idea of your exact requirements, whether you have funds ready or require financial assistance, we can guide you through all the various stages. We will assist new purchasers in opening a bank account, organize your N.I.E./C.I.F cards and generally take care of all your queries and worries.
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THE PURCHASING PROCEDURE
Once you have found the property that suits your requirements, plus we have negotiated the purchase price and completion date between yourselves and the vendors.......
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THE LEGAL MACHINE GOES INTO ACTION!
Firstly, the searches on the property are made to ensure that the property you wish to buy has been correctly registered at the relevant Land Registry Office, that the person selling the property is legally entitled and that there are no outstanding debts or encumbrances on the property. The search process also includes checking with the relevant Ayuntamiento (Town Hall) that there are no outstanding debts for rates and rubbish collection. Only then is the Option to Purchase Contract drawn up. This has to be signed by both Purchaser and Vendor (or their appointed representatives) and a deposit paid (normally a minimum of 10% of the purchase price). However, should the purchaser have the monies in place and the property searches are already completed, it is possible to sign the deeds before the Public Notary without drawing up an Option to Purchase Contract.
The Option to Purchase Contract is accompanied by a copy of the property search made (Nota Simple) which includes all the registral details of the property, an inventory list (if applicable) of fixtures and fittings to be sold together with the property, personal details of both purchaser and vendor, agreed purchase price and completion date when the deeds are due to be signed before the Public Notary.
This contract is legal and binding on both parties (vendor and purchaser) and should the purchaser not complete the purchase, the deposit monies paid will be forfeited and should the vendor not complete he will have to return the deposit monies paid and the same amount again in lieu of damages incurred by the purchaser.
Shortly before the date comes to sign the deeds we check that there are no outstanding receipts for water, electricity, telephone and community fees (if applicable) ensuring that the vendor hands over the property free of all charges, etc.
When the time comes to sign the deeds before the Public Notary we accompany both the vendor and purchaser to the Notary’s, arrange the official translator (if required) and generally ensure that the whole procedure goes smoothly. It is at this stage that the remainder of monies due to purchase the property are paid together with an allowance for the purchase costs.
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PURCHASE COSTS
All purchase costs are payable by the purchaser, these include the Notary Fees, Land Registration Fees, Stamp Duty (transfer tax), Translator (if required), Plusvalia Tax and Legal Fees. The purchase costs normally amount to a maximum of 10% of the purchase price.
The lawyers take over the whole purchase procedure ensuring that the relevant fees are paid on time and once your Title Deed is fully registered you will receive all original receipts together with your registered Title Deed (Escritura) in your name.
We have the expertise and the knowledge to handle all aspects of buying and selling property, we can cover all legal aspects and financial tax requirements from auditing to tax returns, to where best invest your capital!
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With Sunpropertie's Canary Islands you need look no further!
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