Land registry in Spain is an essential part of buying a property in Spain. The Land Registry in Spain is the Registro de la Propiedad. When properties and not registered with the land registry, their ownership and legality is subject to be questioned. This means that when the property is registered no one can challenge some ones ownership or the property, however when a property is not registered then a dispute can arise at any given time.
Unfortunately, this is happening all over Spain where numerous properties are having their legality contradicted either by a private party or a government body. This situation usually happens when buyers do not involve an experienced professional Spanish lawyer, and has possible dealt directly with developers for example. In this case it is also likely that the property deeds are also incorrect.
Land Registry is a data base that lists all properties registered in Spain; it includes a description of the property stating its size and boundaries, as well as officially registering the property in the name of the owner. Registering the property makes the information legal and secures it avoiding any dispute in the future. Of course the process involves proving ownership and various other documents leaving everything in order.
The description of the property on the Land Registry is similar to the deeds; however it offers more current information and background information on the property. The deed confirms ownership, while the register supplies an ownership history, details on the boundaries and any charges or debt.
When buying a home in Spain the Land Registry is an essential resource for home owners, potential buyers and lawyers as it provides enough information to gather a better concept of what the property entails. This is if the property is registered, and when it is not this means that more investigation upon the property must be made to ensure a smooth transaction. The risk people take when not registering a house is that the same house can be sold again by a third party and ownership challenged, as well as taking on debt that pervious owners accumulated.
When you buy a property with a mortgage the land registry is an obligatory part of the process. The cost of the registration is usually similar to that of a public notary. The costs of simply applying for information, in the case of buying, tend to be relatively small.