In addition to the process of signing an inheritance, which can entail unexpected payments, the purchase and sale of a home or land It can also cause major problems.. To avoid this, the most recommended thing is to have all the information prior to the transaction, something that appears in the simple note of the property.
As explained by the María Cristina Clemente Buendía and her guest on the ‘Doy Fe’ podcast, the simple note is an essential document that buyers must request before carrying out an economic transaction for a home or land. “It is an extract of short, summarized information of what is current”, that is, it includes data such as the square meters that the property occupies, who is its current owner or If there are debts, mortgages or liens associated with it.
Despite its importance, many still do not know how and with what information this document can be requested in case of not having the property number. As the professionals explain, the only thing you need to do is get into the Cadastre, “if you know who it is the cadastral ownerbecause you talk to the owner, or even because the addressat the Registry we can get it.” To do this, it will be necessary to go in person at the Property Registry or through the official website of the College of Registrars.
The importance of the Cadastral Reference to avoid problems and delays
However, as María Cristina Clemente rightly warns, “the important thing is not to ask for it, but to know how to read it.” Well, it contains data as important as the cadastral referencean official code of 20 characters which acts as an identification of the property. This must appear exactly and without errors in the property purchase and sale document. Although, as the notaries explain, Many times not even the owners themselves give this alphanumeric code correctly..
“How many times have we come to the firm and you are verifying that the reference that has been given to you and that that person has been paying the same all his life corresponds to another plant“Hence the importance of checking all the information given by the seller with that which appears reflected in the simple note, which has official information issued directly and exclusively by the Property Registryunder the responsibility of the registrar.
Otherwise, “an error as simple as an incorrect Cadastral Reference can lead to major problems in a sale“warns the notary. Not only in terms of possible delays during the transaction, but it may also mean the rejection of the mortgage by the bank or even fines imposed by the Treasury for having incorrectly calculated the taxes related to it.
The classification of urban or rural property in the simple note is not so important
In addition, if it is a horizontally owned property, it will also appear specified the participation fee in the common elements; and if it is a farm, find out if it appears registered as rustic or developable land. As the guest explains, this is not a very relevant piece of information, although sometimes clients show concern when it appears classified as ‘rustic’.
“The urban qualification is not given by the Registry. Do you want to know if you can build? Go to City Hall and there they will tell you if it is a plot of land, if it is a developable land or if it is a protected land,” he assures. This doubt arises due to the usual characteristics of this type of property, since those classified as rustic, their land is usually intended for agricultural uselivestock or forestry, complicating free construction.
On the contrary, those classified as urban are usually found in spaces intended for the construction of homes or spaces for commercial or industrial use, always within the regulations established in the area. However, this must be consulted with the relevant City Council before the purchase, according to the professional. All this will guarantee having the necessary information to carry out a fast and hassle-free transaction in the future.