Most of the lettings contracts for a house or commercial premises are governed in Spain by the Urban Letting Contracts (Ley de Arrendamientos Urbanos). This law was born in 1994, and although it is still in force, it has been modified in numerous occasions. The last revision of this regulation has been the one carried […]
Compensation for delay in fulfilling a contract in Spain. Penalty clause. Claim for the potential rents.
Question: I SIGNED a contract in Spain for the purchase of a property on the Costa Blanca (Javea), in which a clause was inserted stating that if the seller delayed the handing over of the property, he would have to pay a penalty of €20 for each day of delay. In fact the handover has […]
New Court Precedent about co-ownership. Now the overpaid taxes ban be reclaimed.
COOWNERSHIP AND CONDOMINIUM. THERE is a condition known as condominium or co-ownership over a property established when it has two or more owners. There are many situations in which a co-ownership of such a property could exist although the most frequent are the joint purchase of a property by several people, the purchase by a […]