What are the rights of the owners in horizontal property?

What are the rights of the owners in horizontal property?

Law came to regulate human behavior. Owners in condominiums are subject to rules of coexistence and respect. However, they are also entitled to assert their prerogatives before neighbors and third parties. The legislation of Spain, through the Horizontal Property Law, regulates the powers of the owners living under this regime. Rights of owners in a condominium The powers of the…

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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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What is IRPH and how does this clause work?

What is IRPH and how does this clause work?

To begin with, we will explain what the term IRPH means. Basically, the acronym stands for Índice de Referencia de Préstamos Hipotecarios. This clause deals with how to acquire a house for a term of three years or more. These loans are currently supervised by the Bank of Spain. This mortgage is calculated based on the estimated interest rates that…

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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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