Real Estate - Legal Due Diligence

Due Diligence. Buy a house or villa in Spain with total peace of mind.

Both in the sale and acquisition of a property in Spain, it is necessary to offer all the guarantees. This is a fundamental aspect, as the investor has to know exactly what he is buying and under what conditions.

On the other hand, it is important for the seller to offer this legal guarantee and thus make the possible transfer of real estate in Spain more transparent. For this type of issue, a verification process known as Due Diligence is necessary.

At Resitax Spain, we are experts in carrying out Due Diligence analyses and reports throughout Spain, for any type of real estate transaction.

A Due Diligence report covers all these guarantees, from different perspectives. The verification, in this sense, is contemplated from a legal and fiscal perspective of the real estate, as well as its administrative situation.

A legal and fiscal review of ownership

Therefore, a Due Diligence report should contain essential information such as the consistency between the actual description of the property and the one in the Land Registry, as well as the correct cadastral ownership and the financial situation of the property, the state of encumbrances (which may include mortgages or seizure notes). This report also checks whether the property is currently free of tenants.

Experts in real estate due diligence

With regard to administrative verification, the Due Diligence process verifies that there are no urban planning infractions or sanctioning procedures on the property or, at least, that may have an impact on the value of the property, in addition to whether there may be any risk, due to administrative contingencies. It is also verified that there are no restrictions in the statutes of the community of owners that could affect the value of the property.

With all this information, we can provide a report on the fiscal cost of the real estate operation and take as a reference the real value of the real estate asset.

If you also wish to obtain the best guarantees in a real estate transfer in Spain, whether to sell or buy an asset, we recommend that you contract the Due Diligence process with Resitax Spain.