A

Abogado

Solicitor, Lawyer

Administrador

Administrator of the affairs of a community of Property Owners

Acta

Minutes of meeting

Afecciones registrales

Noted encumbrances on the property in the land register

Agente de la Propiedad Inmobiliaría (API)

Property agent

Agrupacion

Combining parcels (plots) of land

Amortización

Depreciation. Redemption.

Apostilli

Official stamp on the document which certifies the signature

Arbitrio sobre el incremento

Capital Gains Tax on increase in land value, also called Plus Valía

Asegurar

To insure

Asesor fiscal

Financial Adviser, Tax Consultant, Accountant

Autorización de residencia

Residence Permit

Aval

Bank Guarantee to approve mortgage application

Ayuntamiento

Town Hall

B

Boletin de enganche

Certificate for the installation of electrical facilities, a precondition for getting access to electrical power from the electric company

C

Cargas

Charges. Burden

Cédula de habitabilidad

Certificate of occupancy

Certificado final de obra

Certificate from the Architect that the construction is complete

Certificado registral

Certificate informing about debts of a specific property

Comunidad de propietarios

Community of Property Owners

Contrato de compraventa

Contract of Sale and Purchase

Copia Simple

A shortened copy of the escritura

D

Declaración de obra nueva

Declaration and registry of new construction

E

Embargo

Seizure or embargo of land or property

Escritura de compraventa

Notarised Contract of Sale and Purchase

Escritura pública

Notarised and Registered Deed of Title to Property

Estatutos

By-laws, statutes - particularly of a community of property owners.

F

Fianza

Security payment or deposit

Finca

Rural farm land with or without a built property on it

G

Gastos

Fees

Gestoría

Firm specialised in obtaining official authorisations, permits, licenses, etc.

H

Hacienda

Treasury, Finance Ministry, Tax Ministry

Hipoteca

Mortgage

Honorarios

Fees

I

Impuesto sobre Actividades Económicas (IAE)

This tax replaces the former fiscal license for professionals and business operators

Impuesto sobre Bienes Inmuebles (IBI)

Replaces the former contribución urbana as the annual municipal property tax

Impuesto sobre el incremento del valor de los terrenos

Tax on increase of land value

Impuesto de transmisiones patrimoniales

Property Transfer Tax

Impuesto extraordinario sobre el patrimonio

Capital Assets Tax/Wealth Tax

Impuesto municipal sobre la renta de las personas físicas

Income tax

Inmobiliaría

Estate agent office

I.V.A

V.A.T

L

Ley de la propiedad horizontal

Property Law setting forth the legal framework for condominium buildings, and rights and obligations of individual owners

Ley de suelo

Ground law

Libre de cargas

Free of debts

Licencia de apertura

License to open a business

Licencia de obra

Building permission

M

Memoria

List of all materials and specifications for a construction job.

Multa

Penalty/Fine

N

Notario

Notary

Nota simple

Certificate from Property Registry

Número de identificación de extranjeros (NIE)

Foreigner's Tax Identification Number

Número de identificación fiscal (NIF)

Tax identification number for residents

O

Obra Mayor

Major works permit

P

Pago en efectivo

Cash payment

Parcela

Building Plot

Plan parcial

Plan of building plots in a housing development

Plusvalía municipal

Capital gains tax on the sale of property

Poder

Proxy, Power of Attorney

Precio

Price

Préstamo hipotecario

Mortgage loan

Propiedad

Property

Propietario

Owner

R

Registro de la Propiedad

Property Registry

Representante fiscal

Offical tax representative

Residencia (permiso)

Residency permit

Residente

Resident, Holder of an Official Residence Permit

S

Se Alquila

For Rent

Se Vende

For Sale

Segregación

Separation of a part of the property or building

Seguro Decenal

Guarantee Insurance of new buildings

Seguro multirriesgo hogar

House insurance

Señal

Deposit, down payment

Solicitud

Petition, Request, Application

Suelo no urbanizable

Land protected from building construction

Suelo urbanizable

Unprotected land for building construction - parameters determined by local authority

Suelo urbano

Urban land - parameters determined by local authority

T

Tasación

Independent valuation of property

Todos los gastos

All charges, often stipulated in purchase contract

Traspaso

Transfer/Lease of Property

U

Urbanización

Residential community development

V

Valor catastral

Registered value of land

Valor real

Real or actual value

Vivienda de Protección Oficial (VPO)

Low-cost housing subsidised by the state