Personalised Real Estate Advice
Our firm is specialized and has extensive experience in the field of real estate law, both for residents and non-residents. We also have experience in other areas such as the Costa del Sol and the Balearic Islands.
The expectations and planning at the time of acquiring, or transferring a real estate property are essential conditions when making decisions.
Therefore, we will provide you with a totally personalised advice, always attending to your present and future interests. Sometimes an apparent initial savings can mean a large outlay or economic damage in the near future.
Understanding Your Objectives
Knowing and understanding what your objectives are, and your family circumstances when investing in a property will provide us with the keys to help you plan the best way to do it.
It is not the same to acquire a second vacation property in Spain as it is to sell a property in another country and acquire a property in Spain in order to convert Spain into your main residence.
Nowadays both residents and non-residents who acquire or invest in Spain are subject to mandatory tax and tax obligations.
Buying A Property
Property Checks
Buying a property in Spain or anywhere abroad is a joyful event. Therefore, our office ensures you that all checking and legalities that are involved when buying a property are being done properly, thoroughly and correct.
Every property is different and so are the expectations of every client individually. Taking in concideration the circumstances of each project, we deal with all correspondence matters and take that further step to pay special attention to detail and the additional wishes our clients might have.
Our research starts normally with a visit to the property to verify if the description in the Land Register matches what has been built in reality.
Problem Resolutions
We also check if the property has any debts, such as mortgages, outstanding payments, etc..
In case we note any differences or debts, we advise upon the consequences and recommend solutions. We can then take care of all the actions and resolutions that are involved to be able to correct and cancel these differences and or debts. This will avoid you being held responsible for any costs or debts that do not correspond to you.
To make sure your property has not offended any local town planning, we apply for a certificate making sure there is none and in case the property has no occupation license, we act to obtain this license.
Real Estate Law, Registration & Transmissions
Specialist knowledgeable combined with vast experience in purchasing your property.
Our Buying Services Include:
- Preparation and editing various purchase and sales contracts
- Obtaining Land Register statements, certificates regarding debts, propertyholder, town planning offences, buildable surface, site, location and numeration, etc.
- Title Deed completion an transactions (tax payment, inscription in Land Register, etc)
- Assistence and support at the Notary
- Handling and arrangement service contracts and local taxes (electricity, water, Council tax, Rubbish Collection, etc.)
- Applications to valuate and assess the property
- Obtaing the occupation licence (cedula de habitabilidad, licencia de primera ó segunda occupacion)
- Mediate to obtain financing / mortgages
- Fiscal representation (tax declaration for non- residents)
Selling A Property
Market Value
Selling a property requires knowledge of the market value in the area where the property is situated. Furthermore, market fluctuations and the economic situation have a big influence on the sales price. Our office is able to advise you through our collaborators, (experts in property valuations) on the recommended sales price.
In addition and in order to avoid unpleasant surprises, we can tell you beforehand the costs involved when selling a property such as taxes and cost that correspond to the vendor.
We normally offer our selling clients a personal based study regarding tax liabilities and other possible costs, to be able to fix a sales price.
Property Taxes
Keep in mind that a property with legal problems or defects, will lead buyers to make offers below the salesprice that you have set. It might be desireable to solve these obstacles before you put your property on the market.
Certain circumstances like fiscal residencia, are determining factors when valuating tax liability, cancelling a mortgage or when needing to make a newbuild declaration.
Avoid signing documents like sales mandates and power of attorney towards real estate agents and others without proper legal advice about the document presented.
Our Selling Services Include:
- Preparation and editing various sales contracts
- Obtention Land register Statements (Nota Simple), certificates regarding debts, propertyholder, town planning offences, buildable surface, site, location and numeration, etc.
- Title Deed completion and transactions, cancelling a mortgage, newbuild declarations, tax payment, inscription in Land Register, etc
- Assistence and support at the Notary
- Handling and arrangement regarding service contracts and local taxes (electricity, water, Council tax, Rubbish Collection, etc.)
- Applications to valuate and assess the property
- Obtaing the occupation licence (cedula de habitabilidad, licencia de primera ó segunda occupacion)
- Fiscal representation (tax declaration for non- residents)
- Arrange for Tax Model 210 (request to refund the non-residency tax retention)
Real Estate Law, Registration & Transmissions
Specialist knowledgeable combined with vast experience in selling your property.
Other Property Services
Declaration of Newbuild
If you have just finished building your property, or if you have refurbished or extended your property in the past, you will be needing to complete these modifications through a declaration or Deed. We will help and assist you to make this as quick and easy as possible obtaining the needed certificates from town hall, register and architect.
- Exisitng Newbuild declaration
- Newbuild declaration under construction
- Newbuild declaration
Extincion de Condominio
It happens quiete often that a co owner of a property has the need to split up the property as a result of a divorce, a co owner causing debts, inheritors that become co owner, etc…
Poor planning may have negative effects, therefor it is very important to calculate the costs of this act. In case of married couples and couples with mortgages and have forgotten to resolve the problem regarding financial liabilities beforehand, we are able to act as a mediator to come to an agreement of interests.
Property Registration & First Inscriptions
Sometimes, it happens that a property is not registered in favour of any person. This is when the consistency between the Land Register and the legality will be proven by providing Titel Deeds, complemented with Notary certificates and title certificates.
Land Modifications
This is when a plot of land is being reorganised, sometimes creating new plots or when various plots become one.
New Build Agreement
Buidingcontracts for newbuild projects, reform projects, etc…
Rental Agreements
We advice private clients as well as companies on the rules and regulations on rental contracts for business purposes, private matters, taking over companies, dissolving a company, etc..
WGK Lawyers
WGK Abogados Asesores are a team of Lawyers, Economists, Accountants And Internationl Tax Advisors based in Moraira, Alicante, Spain.
