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Help with finding out if property is Leasehold or Freehold
Help with finding out if property is Leasehold or Freehold
by newbie27 » Tue Apr 19, 2016 10:03 am
Hi Everyone,
I am interested in buying a property in Alicante but would like to know if the property is leasehold or freehold, the Lawyer hasn't given me any details about this and I would like to know before going to sign any documents. can anyone let me know how I would be able to find out this information. Thank you in advance great site by the way very informative.
I am interested in buying a property in Alicante but would like to know if the property is leasehold or freehold, the Lawyer hasn't given me any details about this and I would like to know before going to sign any documents. can anyone let me know how I would be able to find out this information. Thank you in advance great site by the way very informative.
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Re: Help with finding out if property is Leasehold or Freeho
by scubydoo » Tue Apr 19, 2016 12:34 pm
Hi if you are buying the property outright with no rent to pay it will be freehold, in Spain it leasehold is normaly when you are efectively renting for a period of no more than 10 years (Traspaso)
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Re: Help with finding out if property is Leasehold or Freeho
by newbie27 » Tue Apr 19, 2016 2:01 pm
Hi scubydoo,Thanks for replying so quickly, does that apply to all property's I am interested in a penthouse, I will be buying it outright so am wondering if that will make a difference. I have asked my Lawyer but he didn't get back to me on this subject.
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Re: Help with finding out if property is Leasehold or Freeho
by mbglazing » Wed Apr 20, 2016 7:03 am
Hi,
I sell properties for atlas and if your buying it outright it is always freehold
Maria
I sell properties for atlas and if your buying it outright it is always freehold
Maria
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Re: Help with finding out if property is Leasehold or Freeho
by newbie27 » Wed Apr 20, 2016 8:05 am
That's great it is so different in England, I didn't want to pay out more to renew the leasehold.Many thanks Maria and Scooby doo for your help.
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Re: Help with finding out if property is Leasehold or Freeho
by freddo » Wed Apr 20, 2016 10:47 am
Regardless of what has been said on here make sure you get an answer from your solicitor
I have been selling property here for over 40 years and you need to make sure exactly what you are buying before you get to the notary
I have been selling property here for over 40 years and you need to make sure exactly what you are buying before you get to the notary
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Re: Help with finding out if property is Leasehold or Freeho
by newbie27 » Wed Apr 20, 2016 10:47 pm
Thank you freddo, I have done exactly that for my peace of mind and now know that it is freehold so thank you to all who helped me xx
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