What is a notary public in Spain?

How do you get a document notarized in Spain?

Step 1: Sign the document in front of a notary public (notario público). You may find an English speaking notary on this website. Step 2: Next, visit the website for the Spanish Ministry of Justice and follow the instructions to have a Hague apostille affixed to your document.

Who pays notary fees in Spain?

If nothing is agreed in the purchase contract, or if it is said that the fees will be paid according to the law, then the expenses should be paid in accordance with article 1455 Cc and the majority of the notary expenses will be the responsibility of the seller.

What are notary fees in Spain?

Notary fees are set by the government according to the number of clauses in the deeds and the declared value of the property. As an approximate guide they range from 0.1% of the declared price of a property (for properties of 400,000 Euros or more) to around 0.4% (for properties of under 100,000 Euros).

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Who is classed as a public notary?

A Notary Public is an officer of the law who holds an internationally recognised public office. The duty and function of a Notary is to prepare, attest, authenticate and certify deeds and other documents intended for use anywhere in the world. These documents can be both for individuals or private companies.

Is a notary a solicitor in Spain?

The main difference between a Lawyer and a Notary in Spain is that the Lawyer deals with private documents such as contracts and might represent a client, for example in a law-suit. A notary, on the other hand, brings a document into the public domain.

Are there notaries in Spain?

In Spain there are about 3000 public notary´s working all over Spain, many notary offices in the large cities but even in the smaller town you can find a notary ready to assist you. Find out more on the Spanish notary association website.

How much deposit do I need to buy in Spain?

Banks in Spain generally finance 80% of the value of the property you wish to purchase (if the property will be used as your main residence), meaning that you need to have 20% of the property value in order to pay a deposit.

What are the buying costs in Spain?

Buying costs in Spain are relatively high. Therefore, when you are calculating your budget allow at least 10% to cover the taxes and fees for which the buyer is responsible. These are: property transfer tax, legal fees, notary and registry fees. However, it’s best to think about 10% as the minimum.

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How much tax do you pay on property in Spain?

How much time do I have to pay the property taxes in Spain? Property tax (IBI) is paid by the purchaser once a year, which can be divided into several installments. The annual tax rate is 0.4 percent to 1.1 percent of the property’s cadastral valuation. This tax will be domiciled in Spain on your current account.

What are the pitfalls of buying property in Spain?

5 common pitfalls when buying a property in Spain

  • Not having your registrations in place before the buying process. …
  • Insufficient property research. …
  • Not accounting for all of the costs involved in buying a house. …
  • Not understanding your contract(s) …
  • No preparation for future fees.

Who pays notary fees buyer or seller?

As mentioned above, it is usually the buyer who chooses the notary that will prepare the bill of sale. The buyer pays the notary’s fees for the following: Title review. Analysis of the surveyor’s certificate.

How much are community fees in Spain?

How much are community fees? Community fees in Spain range hugely from one community of owners to another. In older buildings with few services you may pay as little as €100 a quarter; in high-end developments, on the other hand, you could be liable for over €1,000 every three months.