Frequently Asked Questions
Please find below so general property questions which people ask us on regularly basis. these are just a sample of questions, if you have further questions about property feel free to contact us for more detailed Tenerife property information.
I found a property what is the next step?
firstly in order to purchase any property you will need to obtain an N.I.E, it is also advisable to setup a Spanish bank account. At Lupain we will advice and assist you through this whole process.
I have an N.I.E, how can put an offer on a property?
In order to hold a property you will need to pay a deposit of 10% deposit, a private contract will then be written up, Which will underline the terms and conditions of you property purchase.
Can I check the status of the property?
Here at Lupain our team will ensure that there are no inherited debts, and all bills have been paid up to date and accounted. Prior to signing the escritura (Title Deed) the Public Notary has a personal responsibility under Spanish law to obtain from the land registry a valid certificate confirming that there are no mortgages, debts or encumbrances associated with the property being sold.
Is there any other purchase payments?
When the escritura (Title deed) has been signed, you will be expected to pay between 6-10% of the property value declared on the escritura (Title deed). this includes Notary fees, land registry charges, and transfer taxes.
What about community charges?
By law, a developer must establish a community service. A committee will determine, and this committee will agree on a community charge.
INVESTING IN TENERIFE
SCHOOLS IN TENERIFE
Schools in Tenerife
There are two types of schooling available in Tenerife and state schools without a fee, available in Spanish, English and German.
The requirements vary and are specific to the school under consideration. For current and accurate information you should.
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LOCAL INFORMATION
Los Cristianos estate agent dealing with all aspects of buying and selling Tenerife property.
Tel: +34 922 796 527 • UK Telephone Number: 0871 781 0014 • Fax: 922 787 278 • email: info@lupain.co.uk
• Lupain Properties S.L. Edificio, Avenida Amsterdam, Cristian Sur L-6, Los Cristianos 38650, Tenerife, Spain
Copyright © 2007 Lupain. All rights reserved