Spanish Real Estate A to Z
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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
B
BOLETIN DE ENGANCHE: certificate of the orderly installation of the electrical facilities. Precondition for getting access to electrical power.
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
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
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
F
FIANZA: security
FINCA: property, but also agricultural used areas and country - seats
FINCA REGISTRAL: registered property or ground
H
HACIENDA PUBLICA: financial administration
HIPOTECA: mortgage
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%
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
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
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
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
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"
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
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
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