Sales of urban land
The process of buying and selling urban land can be somewhat complicated, especially for those who aren’t familiar with the legal procedures involved in purchasing land. To navigate this process, you’ll need to be aware of a number of key issues that will make it easier for you to acquire urban land.
By taking into account land registry, zoning, and property registration issues, you can choose a plot of land with the full legal certainty and security the situation requires. So, if you’re thinking about buying land to build your dream home or business, here’s everything you need to know.
6 Things to Consider Before Buying or Selling Urban Land
Alvorens de koopovereenkomst voor een perceel in de bebouwde kom te sluiten, moet de potentiële koper rekening houden met een aantal technische en juridische aspecten. Allereerst moet worden nagegaan of het daadwerkelijk om bouwgrond gaat.
It is necessary to inspect and analyze the land’s cadastral and registration status, as well as the infrastructure, budgets, administrative expenses, and regulatory documentation of the contracting parties.
1. Registration-related matters
Before proceeding with a real estate transaction, it is necessary to check the property’s or land’s registration status. You can do this by requesting a simple copy from your local land registry.
- Make sure you know the name of the landowner.
- Make sure there are no issues with the property. It is important that there are no mortgage liens or liens on the land.
- Confirm that there are no building restrictions on the lot.
This ensures that the property is free of encumbrances and suitable for residential construction.
2. Cadastral aspects
Visit the land registry website to verify the status or area of the property. Before finalizing any type of sale involving urban land, you must also request the relevant land registry certificate. There, you can verify details such as:
- A graphical description of the terrain.
- Land area and location.
- Owners of the properties adjacent to the lot.
This way, you can verify that the information you have is accurate and matches the property deeds.
3. Urban planning issues
The visit to the city hall is essential for reviewing the urban regulations governing the property you wish to purchase. Here you can find out about the type of land you want to buy and whether it is suitable for building homes or businesses.
Under Spanish law, land is designated for different permitted uses. This will help you determine whether the land is zoned for residential use, development, or non-development. You should also verify the status of the property’s municipal tax payments.
4. Planning and buildability considerations
There are regulations that must be followed when building on urban land. Local ordinances establish the maximum allowable land coverage for construction. In this way, the city government uses these regulations to ensure that the building’s design does not disrupt the community. Make sure that the planning documents comply with current regulations.
5. Administrative expenses – Sales of urban land
In addition, purchasing a plot of land involves other types of expenses. In addition to the costs associated with the sale, you will need to account for administrative expenses. In addition to the notary fees for the deed of sale, you must pay the fees for the property registry and settle other types of taxes.
6. Operational and representation aspects as part of the process
For the purposes of the sale, both parties (buyer and seller) must have a Foreigner Identification Number (NIE). This is required for the registration of the deed in the property registry. If the purchase is made by a legal entity, the parties must have a marital property regime in place.
Similarly, it is essential to determine whether the parties are acting on their own behalf or through an attorney-in-fact with a power of attorney. In addition, it is necessary to have on hand the sellers’ tax residence and military clearance if the buyer is not a Spanish national.
For all these reasons, it is extremely important to consult qualified and experienced professionals when buying or selling urban land. This way, you’ll have expert guidance throughout the process and ensure a successful purchase.
