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© PREMIER LAW
European justice declares the right to claim back abusive mortage clause claim expenses. This judgement overrules a Spanish Supreme court decision from 2015 that declared that legal expenses would be split 50/50 between banks and customers.
Have you finally decided to take the leap and buy your dream home in Spain? If you are lucky enough to be a cash buyer then congratulations! However, some people will need to take out a mortgage to pay for the property. Good news: Spain is a great place to do so as this wonderful country offers great deals for new home owners to finance their property.
When signing a lease contract in Spain make sure to do your research not just on the basics, such as the state of the property, the average price in the area and so on, but also on the small print of Spanish contract law so you know exactly what you are signing and what your rights are if any problems arise during the duration of the contract.
Whether you purchased a property in Spain as an investment and always intended to rent it out or have just simply decided you don’t spend enough time there and could use some extra income, in this guide you will find some basic information all Spanish landlords need to know before renting out their home.
If you are planning on selling your property in Spain, know that the process might differ from that of your home country. The good news is though that careful preparation and smart decisions can help everything run smoothly. We have prepared a small need-to-know guide for you.
Buying a new home can be a very daunting idea, especially when doing so in a foreign country whose language you might not speak. We have good news for you though – the process is not as complicated as you might think, especially if you plan each step well in advance and calculate enough budget to cover all expenses with extra left over for any unexpected surprises.
If you decide to relocate and officially live and work in Spain then know that you will be liable to pay taxes here on your income and additionally will need to file a Spanish tax return. Whether or not you pay taxes in Spain on your worldwide income or just on your Spanish based income will depend on your residency status.
There is a heavy debate at present as to whether the COVID-19 crisis is considered a force majeure event. For those who may not have heard of this concept, force majeure is an exception from liability for non-performance of contractual obligations where such non-performance is caused by an unpredictable event, or one which was foreseeable but is inevitable.
