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What is a Real Estate Contract?
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Essential Guide to Real Estate Contracts
About Mark Warda. Mark Warda. Books by Mark Warda. The contract is written by the estate agent.
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It will define the details of the purchase and its price. The contract stipulates a date for completion of the transaction. We have already stressed the importance of this contract as it is legally binding. Spanish legislation makes it compulsory for anyone buying or selling a property to have an NIE. You will also need this identification number to register your driving licence, open a bank account, pay taxes. A document stating the reason for applying. There are two types of NIE. For the purchase of property a non residency NIE is enough.
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However if you decided to use your property as your main residence you will have to apply for a residency NIE. The application will cost 9. The local regional office will issue a date to collect the NIE. You have now completed the purchase of your property.
The lawyer will give you a copy of the deed of sale and keep the original. The keys will be handed over on completion.
The Essential Guide to Real Estate Contracts and Agreements
We will run checks on every aspect of the property such as certificate of occupation, outstanding debts and charges, planning permissions… After signing the deed of sale the notary will send a copy of the document to the local property registry. Now that you own the property you should arrange for the meters to be read and the contracts gas,electricity… to be registered in your name.
You will also have to inform the co-owners association of the change. Have a look through our apartment for sale barcelona and if you require any further information please do not hesitate to contact us at contact locabarcelona. Forgot Password. Login Here.
The Essential Guide to Corporate Real Estate Glossary - Lester and Lester Realty Advisors Inc.
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