Cargas
in Spanish is burdens or arrears in English. This refers to the
limitations in control or rights over a property or estate. In Spanish law these
must be set out in a public document and included in the Spanish Property Ownership
Register. Examples of burdens - mortgages, unpaid bills, unresolved disputes
etc
Libre de cargas is Spanish for free
of burdens. A property that is free of burdens mean that the present owners
have no restrictions over their control of the estate or property.
This
requirement in Spanish law to show whether a property has burdens is as much in
the interests of the owners as the potential buyers.
If
you are the owner the fact that your property is registered gives you the reassurance
that there are no hidden charges, unpaid bills or other problems dating back to
previous ownership.
If you are the potential buyer
you can ask to see the Property Ownership Register to see who the legal owner
of the property you are interested in is and whether there are any burdens attached
to the property such as mortgages or whether it has been used as a guarantee for
other loans which you may unknowingly inherit as the new owner. You can get a
Spanish
lawyer to do this for you or consult the property ownership register website.
Related
links:
Property in Spain