Community of Owners in Spain (Part 2)

November 19, 2009 - Posted By (Admin) in (Law)

Finding out your community share before buying your property

If you are going to buy a Spanish property, which takes part of a block, it is advisable to check at the Spanish Property Registry (Registro de la Propiedad) the physical description of your apartment and the building that is attached to, in this way you will find out your property size and what is your common-area share.

The Spanish Property Registry may also provide you with the rules about the use of the common facilities, general management and maintenance, which take part of the Statutes of the Community of Owners. Every new owner will be bound automatically by the Statutes and the decisions taken at previous meetings.

You should also make sure the seller is current in his payments, otherwise the unpaid back community fees could be charged to the new owner.

If you are purchasing in a new development the rules of the Community must be explained to you and approved on your behalf.

Article by iAbogado Servicios Jurídicos SL (Madrid, Spain). Visit www.iAbogado.com for more original content like this. Reprint permission granted with this footer included.