Keys to the civil liability of homeowners’ associations

Keys to the civil liability of homeowners’ associations

Civil liability of homeowners’ associations Owners of properties or developments have civil liability if they unfortunately cause damages to third parties as a consequence of mismanagement of common areas. In this sense, it is the duty of the owners to ensure the proper functioning and conservation of the construction elements. This liability implies that damage may be caused to the…

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Rising Euribor, a problem that worries many people

Rising Euribor, a problem that worries many people

The rise of the Euribor has been a problem that has affected hundreds of mortgagors. Like any type of currency, the Euribor is an economic index that manages the different amounts and levels of loans to be made between banks. As the prices of everything around us go up, so do interest rates, loans and everything else that depends on…

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Can the deposit cover the last month’s rent?

Can the deposit cover the last month’s rent?

Can the deposit cover the last month’s rent due on the lease of a property? That is the question many tenants ask themselves when it comes time to end the relationship with their landlord and hand over the property. This is, of course, an understandable and frequent concern that we will clarify in the next post. Can the deposit cover…

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Lawsuit against administrators for breach of their obligations: how and who should do it?

Lawsuit against administrators for breach of their obligations: how and who should do it?

The lawsuit against administrators is a fact that really worries them a lot. This person is responsible for many functions within a community or organization. This position is granted by the neighborhood council or members of an organization. To hold this position requires a great deal of commitment and full compliance with the rules. Failure to comply with the regulations…

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What happens to mortgages in case of divorce?

What happens to mortgages in case of divorce?

Mortgages in case of divorce Disagreements between couples are increasing dramatically. Divorce cases have increased in Spain to figures not seen in recent years. According to the Spanish National Institute of Statistics, this year the number of marital breakups amounted to 90,582 between annulment, separation and divorce. The aforementioned figures are not only centered on the capital city, but are…

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What is a reverse mortgage?

What is a reverse mortgage?

If you are a senior citizen, a reverse mortgage is one of the best options you have to live without limitations. If you face liquidity problems or simply want to have a good retirement, you should know about this financial product. It is considered in Law 41/2007, which establishes the requirements and regulations for this type of mortgage. Its main…

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