A ‘Contrato de Arrendamiento ‘in Spanish refers to the contract you sign for a rented property in Spain.
At Alpujarra Conect our lawyer can write up a contract for you, or check a document that you are thinking of signing.
The first stage in buying a property is usually the signing of a contract (contrato). This provides security for you and the vendor.
Luis Milán, our lawyer, can draw up a contract which is tailor- made to your requirements. Once both parties have approved the contract we can sign it here together in our offices in Órgiva.
There are two main types of purchase contract. A standard purchase contract is known as a private purchase contract (contrato privado de compraventa), which is binding on both parties and involves the payment of a deposit. This is usually 10% of the agreed price.
It’s also possible to sign a reservation contract (documento de reserva), where you pay a small ‘goodwill deposit’, e.g. 1,000€ to 5,000€, which usually secures a property for a period, e.g. 15 days, before you sign the main purchase contract.
All Contracts can be written in Spanish and English.