Nota Simple – Land Registry Search (LRS)

Raymundo Larraín Nesbitt, November, 10. 2017

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Lawyers
10th of November 2017

 

A Land Registry Search (LRS) is a legal service thought for those who need to find assets in Spain under the name of individuals or companies. In Spanish, it is known as a 'nota simple'. The nota simple is one of the most important documents used in the Spanish property conveyancing process.

What is a Nota Simple used for?

  • Buying property.
  • Selling property.
  • Inheriting property.
  • Letting property.
  • Applying for a mortgage loan.
  • Asset-hunting.

 

What key information can be found in a Nota Simple?

  • Ownership.
  • General property description.
  • Charges, debts, easements or encumbrances.
  • Other.

 

Nota Simple example

This legal service is suitable for:

  • Matrimonial proceedings: tracing Spanish property ownership of an opponent party.
  • Inheritance proceedings: tracing Spanish assets of a deceased.
  • Debt recovery: trace assets in Spain belonging to individuals or companies, seize them legally (separate legal service applies, ask us).
  • Buying, selling or renting property in Spain: Find out if a property has charges, liens, encumbrances, long term tenants, if the vendor is who he really says he is (avoid sale scams), if a property is classified as rural or urban, if it has legal proceedings against it under way, embargoed etc.
  • Loan applications: if you are applying for a (mortgage) loan on a property you will be asked for an updated nota simple.

 

What this service includes:

  • Property search.
  • Reply within 24 hours (contingent on the Land Registry).
  • Basic translation into English of legal terms and property extract. *

 

*optional, additional fees apply.

What you need to supply us (one or more of the following):

  • First name and surname of owner/s.
  • Identification details of owner i.e. NIE number.
  • Identification details of property i.e. IDUFIR (single property registration identifier).
  • Region in Spain where you think the property may be located (optional).

 

Legal fees (per property):

  • No English translation: €50
  • With basic English translation: €70
  • Bulk orders: fees on application.

 

EDIT 16/02/2018: The rules of the Land Registry have changed and negative result searches are now billed going forward.

 

Larraín Nesbitt Lawyers, small on fees, big on service.

Larraín Nesbitt Lawyers is a law firm specialized in conveyancing, taxation, litigation and inheritance. We will be very pleased to discuss your matter with you. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 951 894 675 or by completing our contact form.

 

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