Article by: webenquiries@atlanticohomes.com (Jonny Bailey) Published: 19/03/2009

Legal information regarding buying a house in Lanzarote.

Any lawyer that Atlantico Homes may recommend works independently from our agency and will always make sure that it is YOUR best interests that are put first with any transaction even if the agency for whatever reason is not in agreement.

As mentioned previously, your lawyer will carry out a series of searches on the property of your choice to confirm that you can purchase it safely:

Your lawyer will check the vendor’s title deeds to prove that the person who claims to be the owner is the named person on the deeds.

Your lawyer will also check the "Nota Simple", this document provided by the corresponding Land Registry Office states the legal owners of the property.

Your lawyer will investigate to see whether there are any outstanding debts, a mortgage or any other charges on the property. These may include overdue community fees, electricity and water bills or rates to name a few. As the purchaser, you will only be responsible for charges once taking title of the property so it is of extreme importance that this aspect is thoroughly looked into beforehand. The vendor will have to pay the rates on the property for the previous year to you taking title and account for any overdue community fees.

As you can see under our Additional Costs Section, once the title deeds are signed, your lawyer will make sure that all taxes and other fees are duly paid on your behalf providing you with all the corresponding receipts.

We can recommend the services of independent English speaking, professional lawyers who will be able to advise you on all aspects of the procedure, helping you feel at ease while leaving the hard work to them.

Article Link: http://www.property-partnership.com/overseas-property-guides/overseas-property-guide.cfm?id=217

Please contact the author at webenquiries@atlanticohomes.com for more information.