Nota simple in Spain explained

A nota simple is a legal document you will often hear in Spain. In this short post we give a brief outline on what it is and why it is so useful. It’s important for a host of reasons and applies to a large number of cases.

Simply put, it is one of the most important documents used in the Spanish property conveyancing process.

Definition

A nota simple is an official land registry report that gives a brief property description, it’s boundaries, ownership details, and if there are any charges or liens against it.

When is a nota simple required?

  • Buying property.
  • Selling property.
  • Letting property.
  • Applying for a mortgage loan.
  • Asset-hunting.
  • Matrimonial proceedings.
  • Inheritance proceedings.
  • Debt recovery.
  • Law Enforcement Agencies seeking ill-gotten assets in Spain.
  • Private detectives.

What information can be found in a nota simple?

  • Current ownership.
  • Type of ownership (freehold, leasehold, rustic, urban, VPO, etc.)
  • General property description.
  • Boundaries.
  • Charges, debts, easements, or encumbrances.
  • Other.

Who needs a nota simple?

  • Matrimonial proceedings: tracing Spanish property ownership of an opponent party.
  • Inheritance proceedings: tracing Spanish assets of a deceased.
  • Debt recovery: trace assets in Spain belonging to individuals or companies, seize them legally (separate legal service applies, ask us).
  • Buying, selling, or renting property in Spain: Find out if a property has charges, liens, encumbrances, long term tenants, if the vendor is who he really says he is (avoid sale or rental scams), if a property is classified as rural or urban, if it has legal proceedings against it under way, embargoed, outstanding taxes, outstanding community fees, legal limitations, etc.
  • Loan applications: if you are applying for a (mortgage) loan on a property you will be asked for an updated nota simple.

At LNA, we offer a legal service to procure you a nota simple of any property located in Spain within 24 working hours, for a very competitive fee. We also offer to translate it, for an additional fee.

Source: Idealista.

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