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News
What is a Simple Land Registry Note and what is it for?
“
10
AUG
What is a Simple Land Registry Note and what is it for?
The Simple Note offers very useful information when buying a real estate. It is a document offered by an official institution that is a great source of information.
The Registry of Property is an institution that has as its objective the registration of acts, judicial or administrative decisions and contracts related to property and other rights over real estate, it is also responsible for some judicial decisions affecting people. In short, the Registry of Property is used to register and have access to data on real estate and the rights associated with them.
There are offices of the Property Registry in many municipalities throughout the Spanish geography, we can know where is the registry office nearest to our address by accessing a search office of the Property Registry.
What is a simple note?
It is a document issued by the Property Registry, it could be said that it is the usual information medium of this institution since it offers information about the owner of a property and the rights and obligations associated with it.
Therefore, the Simple Note will be very useful and could almost be said of a forced consultation when acquiring a real estate. The Simple Note is an information document with very relevant information, because thanks to this document we will obtain information about the person who owns the property, about the charges or debts associated with this property (a dwelling, a garage, an estate, etc.) and On the charges or limitations on the use or ownership of the property. Undoubtedly an information that we will always be interested to know before acquiring any good.
What is a Simple Note and what information does it offer?
We have already seen that we will be very useful before acquiring a real estate, as thanks to this information document of the Property Registry we can know who owns this property, as well as know your debts and other information very useful See below.
1. The land registry.
The most relevant information that we obtain is the property registry, this concept is the most important in the Property Registry. The property registers the type of property (house, solar, garage, etc.), below are data about the square meters, orientation, borders, etc.
Information is also given on the uses of this property, urban classification and for the communities of owners we are shown the coefficient of participation. Finally we are offered in farm number and if it is urban, also the cadastral reference.
2. Ownership of immovable property.
This section gives us information about the owner of the farm, in some cases will also give us information on the tax identification and whether the property has been acquired as a private or a profit. We will also be informed of the form of acquisition (inheritance, sale, etc.), as well as the name of the notary and the date of acquisition.
3. Information on farm loads.
The estate may have debts such as mortgages, or limitations such as rents or easements. These charges may or may not be valid, as the Registry only eliminates them if the corresponding documentation is provided.
4. Other information.
This section provides other relevant information about the farm, such as obligations of the owner (taxes, contributions ...), environmental conditions and other additional data.
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