According to the latest news related to the economic situation of young people from the Youth Council, a mortgage or rent payment accounts for more than 50% of the net salary, making emancipation an impossible task. The youth emancipation rate at the end of 2020 was placed at 15.8%, 3 points below the record in 2019, being the lowest figure…
According to the Spanish Observatory of Insurance for Renters in Default (OESA), after doubling in 2020, 30% of new leases will include non-payment insurance. They explained from donpiso: “The crisis of Covid-19 makes owners feel more insecure about a possible breach of contract“. Non-Payment Insurance The economic crisis resulting from the Covid-19 pandemic is causing serious damage to the family…
Faced with an unpleasant neighbour whose behaviour is repetitive and who does not pay attention to the demands of other neighbours so that the harassment of other neighbours is not repeated, the community of owners can agree to file a lawsuit to stop the unpleasant behaviour of that neighbour. For noxious activities, dangerous or illegal behaviors that are provided for…
Faced with an unpleasant neighbour whose behaviour is repetitive and who does not pay attention to the demands of other neighbours so that the harassment of other neighbours is not repeated, the community of owners can agree to file a lawsuit to stop the unpleasant behaviour of that neighbour. For noxious activities, dangerous or illegal behaviors that are provided for…
When planning an estate with real estate inheritance, it is common to consider reserving certain rights of use to each descendant and donating certain assets to their descendants as an alternative method of inheritance transfer, by contributing a certain amount in some cases, is a solution to prevent the estate from creating conflicts between heirs, and in turn reduces the…
The current oversupply of commercial leases contrasts with the fact that in recent years both short and long-term residential leases have withstood the current economic and real estate crisis better, especially in the urban centers of Spain’s major cities. In view of this situationHowever, this change of use is not always possible, since the transformation of premises into dwellings requires…
The new horizontal property law in Spain brings with it positive reforms for homeowners’ associations, including for the elderly and those with physical disabilities. These changes seek to generate building rehabilitation measures within the framework of the Recovery, Transformation and Resilience Plan, included in the Horizontal Property Law. In other words, measures have been taken to simplify the horizontal property…
Hidden Defects in Property Purchase What happens if, after acquiring a property, significant defects are discovered that, if known earlier, would have led you to avoid the purchase or negotiate a substantial price reduction? These are known as hidden defects. These are significant defects, not merely finishing flaws It is not uncommon for hidden defects to appear within six months…
Common Property Division Co-ownership or condominium, as a situation where multiple people share ownership of a real estate property, is regulated in our Civil Code with key provisions. This general regulation does not exclude other specific ones, such as those provided in the Horizontal Property Law, which addresses situations like homeowners’ associations in buildings. Typically, the origin of this shared…
