Buying a Tenerife Property A Glossary of Spanish to English Legal Terms & Useful Phrases
A
Abogado - Lawyer
Adosado - Semi-Detached House Or Town House
Aire Acondicionado &45; Air Conditioning
Agente De La Propiedad - Property Agent
Agua - Water
Amortización - Repayment Of Loan or Mortgage
Aparcamiento - Parking
Architecto - Architect
Arras - Deposit
Arrendador - Landlord
Arrendatario - Tenant
Assesoria Economica Contable - Accountant
Ayuntamiento - Town Hall
B
Balcon - Balcony
Banco - Bank
Bano - Bath or Wc
Barbacoa - Barbecue
Basura - Rubbish Bins And Rubbish Taxes
Bombilla - Light Bulb
Buzón - Mailbox
C
Caja De Ahorros - Spanish Savings Bank
Cargas - Arrears, Charges Registered Against The Property
Casa Unifamiliar - Detached House
Casita - Cottage
Catastro - Spanish Land Register
Cédula De Habitabilidad - Habitation Certificate Of Occupancy
Certificado Registral - Certificate Showing Debts Attached To A Property
Cláusula - Clause In A Contract
Cocina - Kitchen
Comedor - Dining Room
Communidad De Propietarios - Community Of Property Owners, Which Manages A Complex, Building Or Development. A New Owner Becomes A Member Of The Owners' Community When They Purchase A Property on a complex.
Community Fees - If You Purchase A Property Within An Apartment Block Or Complex, You Are Obliged To Join Its Resident Association Which Administers The General Maintenance Of The Areas Of Common Ownership, Such As Gardens, Hallways, Lifts, Swimming Pools, Exterior Lighting Etc. An Annual Budget Is Calculated To Cover These Costs, Which Is Divided Between All The Owners According To The Size Of Their Properties. All Owners Have A Vote To Agree The Budget At The Annual General Meeting.
Compraventa Private - Property Sales Contract
Compra Sobre - Plano Off-Plan Property Purchase
Constructor - Builder
Construido - Built Area Of A Property
Contrato De Arrendamiento - Letting Renting Contract
Contrato De Compraventa De Vivienda - Private Property Sales Contract
Completion Date - This Is The Date On Which The Balance Of The Purchase Price Must Be Paid Together With All Fees And The Title Deeds Are Signed Over To The New Owner(S).
Cuenta De Banco - Bank Account
D
Documento Privado - Private Document
Documento Público - Public Document
Dormitorio - Bedroom
Ducha - Shower
Duplex - Apartment Over Two Floors
División Horizontal - Official Document To Describe Horizontal Division If Property Between Different Owners
Documento Privado - Private Document
Documento Público - Public Document
E
Edificio - Building
Escritura - Title Deeds Of Ownership
Escritura Pública De Compraventa - Title Deeds Of Ownership
Euribor - Variable Interest Rate Set By European Banks
F
Fontanero - Plumber
Finca - Farm House Or Small Estate
Fin De Obra - Formal Completion Of Works On A New Property
G
Garaje - Garage
Gestoría - Specialists Used To Obtain Official Authorisations, Permits, Certificates And Licences and deal with Red Tape on your Behalf
H
Habitación - A Room
Hacienda - Spanish Tax Authorities (Equivalent To The Inland Revenue)
Hipoteca - Mortgage
I
IBI Impuesto Sobre Bienes Inmuebles - Local Rates on Your Property Paid Annually
IGIC - General Indirect Tax of the Canary Islands (VAT)
Impuestos - Taxes
Impuesto De Circulación -Motor Vehicle Local Tax, Pay Annually By All Vehicle Owners At The Town Hall
Impuesto De Sucesiones - Inheritance Tax
Impuesto Sobre El Incremento Del Valor De Los Terrenos - Tax On The Increase Of Land Value
Impuesto Sobre El Patrimonio - Capital Gains Tax
Incremento De Patrimonio - A Capital Gain
ITP Impuesto Sobre Transmisiones Patrimoniales - Property Transfer Tax Levied On All Re-Sale Property.
Impuesto Sobre Actos Juridicos Documentados AJD - Stamp Duty Legal Documentation Tax
Inmobiliaria Agente - Estate Agent
Inversion En Terreno - Land Investment In Spain
J
Jardin - Garden
K
L
Land Registry Office - Official Body That Deals With All Property Transactions. This Is Where All Escrituras (Title Deeds) Relating To Property Transfers Are Registered After Taxes Have Been Paid And Where The Title And Any Charges Against The Property Can Be Checked
Libre De Cargas - Debt Free
Libro Del Edificio - Documents From The Promoter When Building Is Finished
Licencia De Prima Ocupación - Licence To Occupy A Completed Property
Licencia De Obra - Building Permission
Limpiadora - A Cleaner
M
Madera - Wood
Mármol - Marble
Metros Cuadrados - Square Metres Units Floor Area Is Measured In
N
N.I.E. Número De Identificación De Extranjeros - Identity Number For Foreigners - Required For A Property Purchase.
This Is The Foreigners Identity Number Given To All Non-Residents Purchasing A Property In Spain. This Should Be Obtained By All Non-Residents Preferably Prior To Purchasing A Property.
Notario - Notary Records The Legal Details Of Property And Land Sales.
The Notary Is A Lawyer Appointed By The Spanish Government To Ensure That The Change Of Title Is Properly Executed. It Is The Notary's Job To Make Sure That The Seller Is Legally Entitled To Sell And The Taxes Are Paid. The Notary Will Register The Change Of Ownership In The Land Registry Office.
Nota Simple - Certificate From Property Registry
A Simple Document Of Ownership And Registry Details. This Will Need To Be Checked And Verified By The Buyer´s Solicitor.
O
Obra Nueva - Document Certifying A New Building
Ordenador - Computer
P
Pago En Efectivo - Cash Payment
Parcela - Lot Or Plot
Pintor - Painter
Piscina - Swimming Pool
Piso - Apartment
Playa - Beach
Planta Baja - Ground Or First Floor
Plusvalía - Municipal Capital Gains Tax On The Sale Of Property
Poder - Power Of Attorney
Préstamo Hipotecario - Mortgage Loan
Pueblo - Town Or Village
Puerta - Door
Planta: Floor e.g. Planta Baja = Ground Floor
Precio: Purchase Price
Propiedad: Property
Propietario: Owner
Protocolizacion: Certification Of A Foreign Document Or Certificate By A Spanish Notary
R
Registro De La Propiedad - Register Of Property Ownership
Representante Fiscal - Foreigner's Official Tax Representative
Resale Property - A Second Hand Property, Already Registered At The Property Register In Spain.
Residencia - Residency Permit
Residente - Resident
S
S.A. (Sociedad Anonima): Plc
S.L. (Sociedad Limitada): Ltd
Sala/ Salon - Lounge
Se Vende Or En Venta - For Sale
Se Alquila - For Rent
Segunda Vivienda - Second Home
Seguro De Amortización De Préstamos - Loan Repayment Insurance
Seguro Multirriesgo Hogar - House Insurance
Sótano - Basement
Suelo - Floor Or Surface
Superficie Útil - Useable Square Metres In A Property
T
Tarjeta De Banco - Bank Card
Tasación - Independent Valuation Of Property
Tasa De Cambio - Exchange Rate
Tasadores - Official Bank Valuers
Terraza - Terrace
Terreno En Venta - Land For Sale
Terreno - Plot Of Land
Tipo De Interés - Rate Of Interest
Título De Propiedad - Deeds Stating The Ownership Of Property, Date Of Sale Etc.
Trastero - Storeroom
Title Deed - Escritura
The Proof Of Ownership Of A Plot Of Land Or A House. It Includes The Names Of The Previous And Current Owners, All Details Of The Property And The Price That It Was Sold/Bought For. On Completion A New Title Deed Will Be Produced With Details Of The Sellers And New Owners.
Town Hall -
Official Body From Which Building Licences Are Requested. Together With The Land Registry, The Town Hall Also Holds Information About Properties And Also Provide Information About Plans For The Area Which May Impact Upon The Property In Future.
Transfer Of Utilities - Having Completed The Purchase, It Is Necessary To Connect Or Transfer Services. For Example, Electricity, Water, IBI Impuesto Sobre Bienes Inmuebles Local Rates And Impuesto De Basura (Garbage Tax) Need To Be In Your Name And On Direct Debit From Your Bank Account Once You Have Signed For And Completed the Purchase of your Property.
V
Valor Catastral - Assessed Value Of Property For Tax Purposes
Ventana - Window
Vidriero - Glazier
W
Wills - As Spanish Inheritance Laws Are Different, It Is Generally Recommended That You Instruct The Solicitor To Draw Up A Spanish Will Covering The Succession Rights To Your Property
Whilst every effort has been made to ensure the information is correct in this property buyers guide at the time of publication, it is not intended to be a substitute for professional or legal advice, which we always insist you take
We guarantee a transparent, very personal, non-aggressive, caring, professional service with straight forward advice that very few Tenerife estate agents can provide today.
Tenerife Property Consultancy Real Estate Agents are dedicated to offering you the best selection of new and resale properties in South Tenerife Canary Islands.
We are pleased to be able to offer for sale some exclusive Tenerife Property situated throughout South Tenerife Canary Islands.
Hundreds of Tenerife properties in Tenerife including Tenerife luxury villas, Tenerife apartments, Tenerife penthouses, Tenerife studios, Tenerife fincas, Tenerife country houses, Tenerife golf real estate & Tenerife town houses for sale.
Tenerife Property Consultancy are here to assist you in buying and selling Tenerife properties every step of the way.
We have done this many, many times and we will be with you at every stage of purchasing a property from your initial enquiry to our fantastic after sales service.
If you do not find what you are looking for, please feel free to contact us
E-mail us: info@tenerifepropertyconsultancy.co.uk
or Telephone us on (00 34) 922 717 265
From the perfect Tenerife holiday home or substantial residential villa, to small or large investment Tenerife properties, luxury villas, Tenerife apartments, townhouses, fincas, country houses Tenerife Property Consultancy will ensure the transition into your new life and new home here in Tenerife whether it is permanent or on a holiday basis runs smoothly.
Tenerife Property Consultancy provide an extensive after sales service assisting our clients with every aspect of owning a new property in Tenerife.
For Clients Looking to Sell Property in Tenerife we also own a Russian Tenerife Estate Agents Website where we will also market and advertise your Tenerife home in the Russian Language.