| Abogado |
Lawyer, Solicitor, Attorney |
| Acta |
Minutes Of A Meeting |
| Administrador |
Administrator or Manager, Especially of the Affairs of a Community of Property Owners |
| Adosado |
Terraced or Semidetached House |
| Agencia Inmobiliaria |
Real Estate Agency |
| Agrimensor |
Surveyor |
| Al Contado |
Cash |
| Albacea |
Executor of a Will |
| Alquiler |
Rent |
| Aparejador |
Site Engineer |
| Arbitrio Sobre El Incremento |
A Capital Gains Tax based on Increase in Land Value, also called Plus Valia |
| Arquitecto |
Architect |
| Arras |
Holding Deposit Paid on Reserving a Property |
| Asegurar |
Insurance |
| Asesor Fiscal |
Financial Advisor, Tax Consultant, Accountant |
| Autorization de Residencia |
Residence Permit |
| Aval |
Person Who Underwrites a Loan |
| Ayuntamiento |
Town Hall |
| Casa de Pueblo |
Townhouse |
| Catastro |
Regional Property Register which details Property Boundaries |
| Cedula de Hababilidad |
Certificate Issued by the Local Authority confirming that the Property is fit for habitation. The Certificate must be produced before Electricity and gas Supplies can be connected to a new property |
| Certificado de Cambio de Divisas |
Certificate of Exchange of Foreign Currency into Euros |
| Certificado de Empadronamiento |
Certificate showing a Person Resides or owns Property in a given Municipality |
| Certificado de no residencia |
Certificate of Non-Residency. The Certificate may be obtained from the Foreigners Office |
| Certificado Penal |
Certificate showing an Prison Record or Legal Judgement against a Person |
| Chalet |
Villa |
| Clausula Obrogatoria |
Annulling Clause on a Sale of Property Contract. This may be added to a Contrato de Conpreventa, for example, to allow the buyer to pull out of a purchase if planning permission is not obtained |
| Cobrar |
To Cash a Cheque or Collect a Payment |
| Compensacion Extranjera |
Percentage Deduction applied to Spanish Income Tax due in order to Compensate for Tax Paid Abroad |
| Comprador |
Purchaser or Buyer |
| Comunidad de Propietarios |
Owners Association in an Apartment Building or Complex of Attached Houses |
| Constructor |
Builder |
| Contrato de Arredamiento |
Short Term Rental Contract |
| Contrato de Compraventa |
Initial Contract of sale, after which a Deposit (usually 10%) is Paid into a Bonded Account. The Deposit is Forfeited if the Buyer pulls out of the Purchase and is deemed to have Broken the Terms of the Contract |
| Contribucion Dineraria Extranjera |
Foreign Money Contribution, Necessary to Start a Business in Spain for Non-EC Persons |
| Contribucion Urbana |
Former name (still used colloquially) of Municipal Real Estate Tax, now IBI |
| Cortijo |
Country House typically found in the Andalucian Region |
| Cuenta Corriente |
Cheque Account at a Bank |
| Declaration de Obra Nueva |
Registration of a New Contract with a Public Notary |
| Declaration de Impuesto |
Tax Return |
| Demanda |
Lawsuit |
| Deposito |
Deposit |
| Director de Banco |
Bank Manager |
| Documento Unificado |
Combined Work and Residence Permit |
| Domiciliacion de Pagos |
Standing Order to Bank for Payment of Electric, Water, Tax Bills etc |
| Escritura de Compraventa |
Notorised Contract of Sale or Purchase |
| Escritura de Hipoteca |
Mortgage Deed |
| Escritura Publica |
Notorised and Registered Deed of Title to Property as Entered in the Property Register |
| Estatutos |
By-Laws, Statutes, Especially of Owners Association of Condominium Apartment Buildings |
| Gastos |
Costs or Expenses |
| Gestor |
Professional who Arranges Paperwork |
| Hacienda |
Treasury, Finance Ministry or Tax Ministry |
| Hipoteca |
Mortgage |
| Honorarios |
Fees |
| Inmuebles (IBI) |
Local Rates or Real Estate Tax |
| Impuesto de Transmisiones Patrimoniales |
Real Estate Transfer Tax |
| Impuesto Extraordinaio Sobre El Partimonio |
Capital Assets Tax or Wealth Tax |
| Impuesto Municipal Sobre El Incremento Del Valor De Los Terrenos |
Tax Levied on the Increase in Land Value, Excluding Buildings |
| Impuesto Municipal Sobre La Renta De Las Personas Fisicas |
Income Tax |
| Impuesto Sobre Actividades Economicas (IAE) |
This Tax Replaces the former Fiscal Licence for Professionals and Business Operators |
| Impuesto Sobre El Valor Anadido (IVA) |
VAT (Value Added Tax) VAT is Levied at 7% on a New Property Sold on the Free Market, 16.5% on Land |
| Impuesto Sobre Bienes |
Replaces the Former Contribucion Urbana as the Annual Municipal |
| Impuesto Sobre Transmisiones Patrimoniales |
Transfer Tax Paid When Buying a Resales Property which is Levied at 5.5% of Sales Value |
| Impuestos |
Taxes |
| Inmobiliaria |
Estate Agent |
| ITP |
Transfer Tax (7% in Spain) |
| Letras |
Scheduled Installments Paid Against the Purchase Price of a New House Prior to Completion |
| Ley De Arrendamientos Urbanos |
Urban Letting Law Covering Rental of Apartments and Houses |
| Ley De La Propiedad Horizontal |
Real Estate Law Setting Forth the Legal Framework for Condominium Buildings, and Rights and Obligations of Individual Owners |
| Licencia De Aperture |
License to Open a Business |
| Licencia Fiscal |
Former Annual Business Licence, Replaced in 1992 by IAE |
| Masia |
Large Country House |
| Memoria De Calidades |
Document Detailing the Specifications for a New Property. This May Specify the Type and Quality of Flooring, Windows, etc |
| Nota Simple |
Extract From the Land or Property Registry Showing the Owner of the Property and Debt Outstanding Against the Property |
| Notario |
Public Notary |
| Numero De Indentification De Extranjeros (NIE) |
Foreigner's Tax Identification Number |
| Parcela |
Building Plot |
| Patrimonio |
Capital Assets |
| Plan General |
Urban Plan |
| Plan Parcial |
Plan of Building Plots in a Housing Development |
| Plus Valia |
Capital Gains Tax |
| Poder |
Power Of Attorney |
| Promotor |
Developer |
| Registro De La Propiedad |
Property Register |
| Residente |
Resident, Holder of an Official Residence Permit |
| Retencion |
Withholding Tax retained from Salaries, Earnings on Rentals, Bank Accounts etc |
| Solicitud |
Petition, Request or Application |
| Tarjeta Comunitaria |
EC Registration Card |
| Tasa |
Fee |
| Tasacion |
Valuation |
| Temporada |
Season, Short Period of Time |
| Tesador |
Valuer |
| Testamento |
Will or Testiment |
| Todos Los Gastos |
All Charges, often stipulated in Home Purchase Contract to Buyer |
| Traspaso |
Transfer / Lease of a Property |
| Urbanizacion |
Housing Estate |
| Valor Catastral |
Official Valuation of Real Estate for Tax Purposes / Rateable Value |
| Visado De Residencia |
Visa required for living in Spain more than the period allowed regular tourists |
| Vivienda De Protecion Oficial (VPO) |
Subsidised Housing |