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.
|Other useful links|
|Latest news on the property market in Spain Selection of news articles related to the real estate market here.|
|Mortgages in Spain, a brief introduction to the Spanish mortgage market, how it works and interest rates in Spain|
|Spanish banks, before applying for a mortgage, find out more about Spain's most popular banks and Spanish savings banks.|
|Property taxes in Spain, description of taxes involved in purchasing property and yearly property taxes in Spain.|
|Useful Spanish vocab for buying a house - you should learn at least the basic terms. Check out our pronunciation guide too.|
|Renting property in Spain - if you want to buy to rent, then read this section and our free notice board of property to rent in Spain.|
|Spanish lawyers - information on lawyers fees in Spain for property transactions|
|Houses for sale in Spain - take a look at the kind of houses available. Or check out our free Spain property for sale board.|