Toni Marqués
I’m a local Property Lawyer established in Palma de Mallorca. Collegiate in the ICAIB I’m also part of Palma Lawyers team. I’ll do my best to provide you here the esencial information to go ahead with this project. Buyin a property in Majorca could be you’r great adventure and I would like to be part […]
RULES ABOUT BUYING A PROPERTY IN MALLORCA, OR ELSWHERE IN SPAIN
You’ve found the property you’ve been looking for. So, what’s next? -DEPOSIT. The vendor or Estate Agent will recommend you sign an Option Contract as soon as possible in order to be sure nobody else can buy that property. Don’t play this game. Offer a €500 to €4000 deposit to the vendor to hold the property […]
How much does a lawyer cost to buy a house in Mallorca?
Are real estate transactions in Mallorca typically handled by a notary or lawyer, and what is the cost for such services? Both Lawyers and Public notaries are involved in real estate transactions in Mallorca. On top of the purchase price, the purchaser should add approx. 10% additional for taxes and expenses Buyer’s lawyer check the […]
Are there restrictions on foreigners purchasing property in Mallorca, Spain?
No. Any person is able to own a property in Mallorca or any other part of Spain, as long as he/she fulfills the Money Laundry regulations. It is very interesting to mention that for non EU-citizens, if they buy a property, making an investment of more than half a million euros, they can obtain a […]
The war against urban infractions in Mallorca is intensifying for offenders.
If until recently it was necessary to identify oneself in order to report an offence and therefore the accused could know who the author of the complaint was, anonymous complaints are now admitted. The result has been immediate; in just two months the Territory’s Defense Agency has received almost half the complaints it received in […]
TAXES AND EXPENSES OF BUYING A PROPERTY IN MALLORCA OR ELSEWHERE IN SPAIN
When you buy a property in Mallorca or elsewhere in Spain first you have to pay TAXES NEW PROPERTY: If your buy a new property the vendor will add 10% IVA (VAT) to the price. This VAT will be paid by you on the day of purchase directly to the vendor, who will deposit it for […]
War in Mallorca to illegal urbanism
The Agency of Defense of the Territory, dependent on the insular Government of Majorca, called Consell is determined to put an end to the illegal urbanism in Majorca. This agency, which is gradually becoming more staffed and budgeted, systematically orders the demolition of illegal buildings on the island. .- Only at the session of […]
Am I responsible for any illegal building done by a former owner? Buying property in Mallorca
If you buy a property and any part of it is illegal, the penalty will be incurred by the one who carried out the building works without a license. So the penalty will be incurred by the former owner, not you. But if the right of the administration to order the demolition has not expired, […]
The reservation contract when buying a property.
Beware of the reservation agreement contract. What is it? The reservation contract, in a real estate transaction is a document by which the seller undertakes to remove the property from the market for a few days in order to have time to prepare an option or deposit contract or to prepare the sale. What should it […]
Spain’s Tenancy Act in english. Spanish Urban Renting Law
Spain’s Tenancy Act translated to english UPDATE: This Law did change in 2019. FOLLOW THIS LINK to go to the last and valid version. . .-Preamble .-Titel 1 Ambit of the law .-Titel II. Of housing leases .-Titel III. Rentals for other than residential use .-Titel IV. Common provisions .-Title V. Rental processes […]
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