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Glossary of Spanish Terms

Abogado

Lawyer

Alquiler

To Rent

Arquitecto

Architect

Arras

Deposit to guarantee rental
or purchased property

Asesor Fiscal

Financial advicer

Ayuntamiento

Townhall

Catastro

Land Registery

Comunidad Propietarios


Association of Property Owners

Contrato de Compraventa Privado

Inicial Purchase Contract

Contrato de Alquiler

Rental Contract

Copia Simple

Title Deed of Property and/or Mortgage
without attachements

Cuenta Bancaria

Bankaccount

Cuotas de Comunidad

Annual Community Fees

Depósito

Deposit

Entrada

Deposit

Escritura de Hipoteca

Title Deed of Mortgage

Escritura Pública de Compraventa

Title Deed of Purchase

Euribor (Euro Interbank Offered Rate)

Interest percentage between banks in Europa

Factura

Invoice

Finca

Plot in Country side

Fin de obra

Official document in which the architect proofs that the construction has been delevired as described at requested Building Licence

Gestor

Expert in de Spanish bureaucracy

Hipoteca

Mortgage

Impuesto sobre Bienes Inmuebles (IBI)

Property Council Tax

Impuesto extraordinario sobre
el patrimonio

Wealth Tax

Impuesto sobre Transmisiones
Patrimoniales (ITP)

Transfer Tax (7%)

Impuesto sobre incremento de
patrimonio de la venta de un bien (IIPV)

Profit Tax on selling amount of property

Impuestos

Taxes

IVA

VAT

Licencia de Obras

Building License

Licencia de primera Ocupación

First Occupancy License

NIE
(Numero de Identifacion Extranjeros)

Tax Number for NON-Residents

Nota Simple

Summary of Land Registration in which the owners and property are described

Notario

Notary

Obra Nueva

New Built

PGOU
(Plan General de Ordenación Urbana)

Development Plan

Plan Parcial

Development Plan of Town Hall

Plusvaliá

Council Tax on surplus value of land

Registro de la Propiedad

Registration of posession

Suelo Rústico

Rustic Land

Suelo Urbano

Urban Land

Tasación

Valuation

Tasador

Valuer

Úlitimas Voluntades

Will

Urbanismo

Departement Town-planning

Valor Catastral

Cadastral Value

Valor Fiscal

Fiscal Value

Valor Comercial

Market value

Valuación

Valuation

Zonas Verdes

Green zones – no construction area