The first step and
our primary objective is to help you find the Property
of your dreams in Tenerife. however once achieved
our service does not stop there, the purchasing process
may seem a little confusing at first but we are able
to guide you through all the legal requirements and
bureaucracy of buying a property in Tenerife, so you
can sit back and enjoy your holiday.
Once a property has been chosen and a price agreed,
a contract of sale is normally drawn up which will
fit a completion date, and a small deposit payment
is normally made. This contract sets out the purchase
schedule so you know exactly when your purchase will
be finalised. As a foreigner with interests in Tenerife
(or anywhere in Spain,) you will be required to have
an NIE Number (this is similar to your social security
number.) The first step is obtaining your NIE from
the local police station. This is used to draft the
final contract and will appear on the deeds of your
sale.
Completion will take place in the Notary's Office,
you will sign the deeds of sale together with the
vendor, who should produce receipts indicating there
are no bills outstanding on the property and the Notary
will have requested a "Nota Simple" (Land
Registry Search) to ensure there are no debts or embargos
on the land or property. Once signing of the deeds
has taken place the Notary's Office will produce your
new "escritura" (title deeds) which confirm
your ownership of the property.
As the Notary is impartial and is obliged to bring
any potential problems to your attention at the point
of completion, a private solicitor is not normally
required to handle conveyancing in Spain, however
if you wish to employ a solicitor to handle the purchase
of your property we will be delighted to co-operate
fully with them.
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