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Nota simple
How works the legal Spanish real estate system ? Each property in Spain has a Title Number in the Land Registry and chronological entries concerning the property that affect any right of disposal. The Land Registry has the last word in proof of ownership What is Nota simple and what information show ? A simple (non-certified) note is a succinct extract of the contents of the entries concerning the property. It identifies the property, the proprietor/s of the registered rights pertaining to the property, and the breadth, nature and limitations of those rights. It also states any prohibitions or restrictions binding the registered owners or rights. A simple note is for your information only and is not valid legal proof. What search options I have for make a request of Nota simple ?
What happens if between I obtain a Nota Simple and I sign the Purchase Contract the vendor inscribe a new charge in The Land Registry or modify the legal status of the property ? This new encumbrances be attached to the property, for this reason is convenient to subscribe request continual tracking until completion date What happens if in the Nota simple appears mortgages or any charges but the seller show me the bank certificate of the debt paid in full ? The seller must inscribe in the Land Registry the cancellation of the debt. After, we could request a new Nota Simple and check that the property is free of any charges Against what or who are registered this charges ? Against the property rather than persons, sometimes this means that if the property is sold, this indebtedness is transferred to the new purchaser who will be legally responsible. What is Certificado de Dominio y Cargas ? It is a certificate in which the head of the Land Register office certify the situation of the property thoroughly updated. It is more expensive than the Nota simple and usually more accurate and carry the absolute guarantee of the certificate. How long does it take for the Land Registry to update the title details for a property once they receive notification of any modification of the rights of the property ? Some days so if you want to avoid this gaps you have tu ask for Certificado de Dominio y Cargas because always is update. |