Real Estate Purchase Due Diligence and Contract
Classified in Law & Jurisprudence
Written at on English with a size of 3.95 KB.
Due Diligence
Property Verification
- Concordance between the property description in the Land Registry and the physical reality.
- Verification of charges and encumbrances on the property in the Land Registry (mortgages, usufructs, easements, seizure notes, etc.).
- Confirmation that the property is free of tenants or occupants.
- Review of the Community of Owners' agreements.
- Verification of no administrative infringements or penalty procedures.
Documentation
- Public deed of property ownership and registration.
- Certificates/Single Notes from the Land Registry to verify title, charges, and encumbrances.
- Cadastral Value.
- Receipt of I.B.I. (Property Tax) for the last fiscal year.
- Documents proving payment of the Property Tax (IBI) and the Rubbish Tax (Tasa de basura)