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Spanish Real Estate A to Z

A | B | C | D | E | F | H | IL | N | O/P | R/S | T | U | V | Z


A



ABOGADO: Lawyer, may prepare the contract

ACTA: notarial document as a base for inscriptions into the land register

ACTA DE NOTORIEDAD: procedures for registration in land register if the basic principle of the continuous registration was interrupted

AFECCIONES REGISTRALES: in the register noted burdens

AGRUPACION: putting together parcels, agroupation

ALTA CATASTRAL: office of cataster

ARRAS: earnest - money; if an arras was arranged, the treaty can be loosened in the way that the purchaser recognises to lose it or the seller pays back double of the amount

ARRENDAMIENTO DE OBRA: contract for work and labour for example: Treaty of construction with the builder

ASIENTO DE PRESENTACION: NOTE OF conveyance. Protection of the purchaser for a certain period of time against further registrations


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B


BOLETIN DE ENGANCHE: certificate of the orderly installation of the electrical facilities. Precondition for getting access to electrical power.


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C


CANCELACION: note of cancellation for burdens in the land register

CERTIFICACION: certification

CERTIFICADO BANCARIO DE DEVISAS: Certificate of the bank that the price of purchase was paid with valuta money( devises)

CERTIFICADO FINAL DE OBRA: certificate of the Architect that the construction had been finished

CODIGO CIVIL: civil law

COLEGIO OFICIAL DE ARQUITECTOS: Chamber of Architects

COMMUNIDAD DE PROPIETARIOS: Owner community of an urbanisation

CONDICION RESOLUTORIA: resolving condition under which a wanted(intended) juridical consequence does not occur

CONDICION SUSPENSIVA: suspensive condition under which a juridical consequence only occurs if certain other circumstances and assumptions become real

CONTRATO DE ARRENDAMIENTO: contract for rent

CONTRATO DE OPCION: Treaty of option with what someone obtains the right to purchase a certain estate or property

COPROPIETARIOS: partial owner if several persons posses a certain estate or property together

CUOTA: portion at the joint owner community


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D


DECLARACION DE OBRA NUEVA: declaration of the new erection of building constructions, need to be declared by a notary

DELEGACION DE URBANISMO: SURVEYORS OFFICE of the community that grants building permits

DEMARCACION DE COSTAS: department for coast protection that watches the obedience of the protection rules

DERECHO DE RETENCION: right of detention. The right of a party to a contract to retain contributions, if the other party to a contract comes in default

DERECHO DE SUPERFICIE: right of surface, about comparable to the German Inheritance -building- law

DIVISION: claim to loosen a joint owner community


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E


EDIFICABILIDAD MAXIMA: maximum construction area at all levels

EMBARGO: burdens of the real estate that burdens also the free utterance

ESCRITURA: notaries certificate of purchase


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F


FIANZA: security

FINCA: property, but also agricultural used areas and country - seats

FINCA REGISTRAL: registered property or ground


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H


HACIENDA PUBLICA: financial administration

HIPOTECA: mortgage


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I


I.B.I (IMPUESTO SOBRE BIENES IMMUEBLES): common ground tax

IMPUESTO DE ACTOS JURIDICOS DOCUMENTADOS: tax for recording( stamp- duty); approximately 0.5 % of the purchase price

IMPUESTO DE TRANSMISIONES PATRIMONIALES: purchase tax on real estate, 6% of the in the "escritura" mentioned sum

IMPUESTO SOBRE CONSTRUCCIONES, INSTALACIONES Y OBRAS: local tax for new constructions

IMPUESTO SOBRE EL PATRIMONIO: property tax

IMPUESTO SOBRE SUCESIONES Y DONACIONES: death duty and donation tax

IMPUESTOS MUNICIPALES: local taxes

INSTITUCION DE HEREDERO: insertion of one or several heirs

IVA (IMPUESTO SOBRE EL VALOR ANADIDO): value added tax, normally around 16%


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L


LEY DE ARRENDAMIENTOS URBANOS: rental law, seasonal treaties in Spanish holiday sites don't submit themselves to the general law

LEY DE LA PROPIEDAD HORIZONTAL: Tenant law. This law rules besides flats also houses, terrace houses and complete urbanisations

LEY DE SUELO: ground law

LICENCIA DE OBRAS: building permission


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N


NIE (NUMERO PERSONAL DE INDENTIFICACION DE EXTRANJERO): tax number for non- residents

NIF (NUMERO DE INDENTIFICACION FISCAL): tax number for residents

NOTA SIMPLE INFORMATIVA: extract from the land register, kind of X-ray picture from the estate and the property


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O / P


OBLIGACION PERSONAL: unlimited tax obligation for residents

OBLIGACION REAL: limited tax duty for non- residents

OCUPACION MAXIMA: maximum permitted roofed area

PARCELA: parcel

PERITO: EXPERT

PERMISO DE OBRA MENOR: smaller construction working at the houses that need to have permission

PLAN PARCIAL: partial development plan of a community or urbanisation

PLANTA: level

PLUSVALIA: growth- of- value tax

POSESION: property or possession

PRECIO: price of purchase

PROCURADOR: Representative of a party at the court, besides the lawyer

PROMOTOR: promoter

PROPIEDAD: property

PROPIETARIO: owner

PROTOCOLIZACION: confirmation of a foreign document or certificate by protocolation at a Spanish notary

PROYECTO DE EJECUCION DE OBRA: projecting until receiving the permission for construction


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R / S


RECEPION DEFINITIVA: final acceptance of the construction

REGISTRO DE LA PROPIEDAD: land register

S.A. (SOCIEDAD ANONIMA): public limited company

S.L. (SOCIEDAD LIMITADA): society with limited liability

SANEAMIENTO: liability for defects

SEGREGACION: separation of a part of the property

SEPARACION A LINDEROS: minimum distance of a housing object to the next door neighbour property

SERVIDUMBRE DE TRANSITO: passing right ( if not having direct access to the the parcel)

SOLAR: building plot

SUELO NO URBANIZABLE: non urbanised or constructed greens or natural reservats

SUELO URBANIZABLE: construction ground

SUELO URBANO: urban district or area


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T


TASA: local deliveries for receiving the building permit

TOMA DE POSESION: handing - over of the keys

TRASPASO: transfer of rental or lease contracts. Especially at new leasing of restaurants you have to pay a certain "traspaso"


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U


U.T.M. : number of a parcel at the office of cataster

URBANIZACION PRIVADA: private community of development

USO DE OFICINAS: use as an office

USOCAPCION: appropriation of a property over a certain period of time( fixed)

USUFRUCTO: usufructuary right at a real estate


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V


VALOR CATASTRAL: catastaral value, which occurs annually in the ground- information- document. Base for calculating the ground tax.

VALOR COMPROBADO POR LA ADMINISTRACION: assumed value of a real estate as a base for the property tax

VALOR REAL: real value


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Z


ZONA DE SERVIDUMBRE DE PROTECCION: protected coast stretches from 100 up to 200 metres, where they have special rules concerning the erection of housing complexes