What
is a nota simple? A
nota simple is a certificate given by the local Property Registry which contains
a full description of the property you are going to purchase in Spain. This description
should include the following information: - whether
the property has any outstanding debts (unpaid community charges, mortgages or
local taxes)
- the full name of the
current owner
- the boundaries of
the property
- the total square meters
of the property (house + land)
- classification
of the property (rústico, urbano, or urbanizable).
This is very very important if you are intending to build on the land so be careful
- the
rights that others may have over the property (eg public paths, railway lines,
pipes or waterways). This is particularly relevant if you are buying property
in the Costa Blanca area or indeed anywhere in the Valencian Region (see news
item on Valencian land laws)
In
Spain, debts may be tied to a property rather than to the owner of the property.
This is why you reallly must study the nota simple carefully, with a legal expert
if possible.
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