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 […]
Continue ReadingRULES 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 […]
Continue ReadingTAXES 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 […]
Continue ReadingWar 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 […]
Continue ReadingAm 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, […]
Continue ReadingThe 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 […]
Continue ReadingSpain’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 […]
Continue ReadingTourist rentals in Palma de Mallorca. Only permited in singel houses.
April 2018 The tourist rental in multi-family dwellings will be prohibited in the municipality of Palma. On the other hand, single-family homes can be used for tourist rentals. After several months of waiting, Palma City Council has presented its proposal. According to the Mayor of Palma, Antoni Noguera, and the Deputy Mayor of Urban Planning, […]
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Toni Marqués. Lawyer. Real Estate Specialist.
If you need immediate answer, my Whatsapp line it’s open +34 678 216 706
mail: toni@palmalwayers.com
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