Real estate purchase and state of insolvency

Real estate purchase and state of insolvency

What effect does a state of insolvency of a real estate developer have on the property purchase and sale contracts signed prior to its declaration of insolvency? Buyers of properties may be affected at any given time by the insolvency situation that the real estate developer may experience, and it will be necessary to follow its process and see whether…

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Subsequent compensation for pretrial detention after an acquittal obtained by the Constitutional Court

Subsequent compensation for pretrial detention after an acquittal obtained by the Constitutional Court

Until today in Spain it wasn’t usual to obtain a compensation for having been on pretrial detention despite having obtained an acquittal in a trial. In these cases, the Law only recognized this right to be compensated in the event that an acquittal had been obtained for proving the innocence of the person, that is, after being proved that the crime…

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Hidden faults. Construction damages on a purchase.

Hidden faults. Construction damages on a purchase.

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…

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When to proceed judicially for unpaid rent.

When to proceed judicially for unpaid rent.

This is one of the most frequently asked questions by property owners since it is an issue for them; the fact of facing this inappropiate situation, in which a tenant owes him rent and also the landlord is required to go to court and bear some costs that although he may later recover for now he must advance them. The current…

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Division of property

Division of property

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…

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