BharatBhasha.com
 
Free Articles  >>  Real Estate >>  Page 23  >> 

Kingdom Homes Warns Of Abusive Clauses In Spanish Property Contracts

Kingdom-Homes warns purchasers of Spanish property to watch out for the various abusive clauses that too often appear in the purchase contracts that they will be required to sign subsequent to reserving their Spanish property.

The lack of a precise date for the termination of the property is one such abuse. There is often a big difference between the date given verbally in the showroom (for example, two years from now or December 2008) and what you subsequently find in the contract presented for signature (18 months from when building begins, for example, or two years from the issue of the building license). You, the purchaser, clearly have no control over the building license, or when construction commences. Your ability to claim damages or to cancel your purchase, in these circumstances, effectively disappears. You have no alternative but to wait!

Another example of an abusive clause is one that gives the developer the right to make changes to the property being purchased subsequent to the sale being agreed. Your chosen property's bathroom, in the sales office, and subsequently in the purchase contract, for example, features a Jacuzzi bath. On completion, however, there is no bath in the bathroom, but a shower instead. Unless you want to convince a Spanish judge that your property has suffered a loss in value as a result, you will have no option but to accept the property as it is / with a shower instead of a bath.

There are many other abusive clauses. What they all have in common, however, is the circumvention of the consumers' legitimate rights.

The Spanish Consumers Association (la confederacion de Consumidores y Usuarios - CECU) recently studied a sample of property purchase contracts. Their conclusions included the following:

- That the inclusion of clauses abusing consumers rights in property purchase contracts was common practice; and - That there was a general lack of knowledge among consumers of their legal rights

The Association reported that the contracts they examined contained, on average, 4.74 clauses or stipulations that they considered to be abusive of the consumers' legal rights.

Kingdom-Homes believe the British buyers best defense against these abuses to be:

- The use of a British property agent, who speaks fluent Spanish, lives in their chosen area and conducts business with the utmost integrity (a firm commitment of Kingdom-Homes); and - The appointment of an independent Spanish lawyer who speaks fluent English


Article Source: http://www.BharatBhasha.com
Article Url: http://www.bharatbhasha.com/real-estate.php/57061


Article Added on Tuesday, February 20, 2007
Other Articles related to "Kingdom Homes Warns Of Abusive Clauses In Spanish Property Contracts" by John Hill

Spanish Property Tax Reductions Half truths And Hype Get All The Facts
There is a lot of talk just now in Spanish property circles about the recent reduction in Spanish Capital Gains Tax. Many Spanish property developers and, more importantly, the property agents who service the UK market, are quick to point this out and often use it to entice UK buyers to the Spanish market. Kingdom-Homes believe this is the most recent example of the misleading half-truths and hype all-too-common in the Spanish property sector. The company points out that for the majority...

Spanish Property Declare It
If you have a Spanish bank account, a Spanish property, rental income from a Spanish property, or a capital gain from the sale of a Spanish property, and you've not yet declared it to the UK tax authority, now is the time to do so. The UK tax authority, HM Revenue and Customs (HMRC), has instigated a massive crackdown on unpaid tax. The Offshore Disclosure Facility (ODF), which some are calling a 'tax amnesty' (although it's not), is aimed at UK residents who are not declaring their offshore...

UAE Property Guide Part 8 Of 8 Umm Al Quwain Property
Umm al-Quwain is an emirate in the north of the United Arab Emirates (the UAE). This emirate has arguably the most attractive natural environment on the entire coast of the UAE, it is located in a wetland setting of islands, inlets and creeks which provide a haven for various forms of wildlife and seabirds. Only a kilometre from Umm al-Quwain city is Seneyah Island, a nature reserve for Al Qaram trees, deer and a large variety of birds including flamingos and large colonies of cormorants which...

Uae Property Guide Part 1 Of 8 The United Arab Emirates
The United Arab Emirates (the UAE) is geographically situated in the Middle East on the Persian Gulf, bordered by Saudi Arabia and Oman. The UAE consists of seven sovereign states called emirates, these are: Dubai, Abu Dhabi, Ajman, Fujairah, Ras al- Khaimah, Sharjah and Umm al- Quwain. The UAE is a unique nation where you can see the best of many seemingly opposite influences and cultures balanced to produce a wonderful modern country with something for all. Modern cities with world-class...

Uae Property Guide Part 5 Of 8 Fujairah Property
Fujairah is a sovereign state or emirate of the United Arab Emirates (the UAE); it has the second smallest population of any of the seven emirates - approximately 130,000 inhabitants. Fujairah is the only emirate with a seaport outside of the Persian Gulf; this port on the Arabian Sea is seen as a great strategic strong point for this emirate in the event of any naval or military action that may close the Straits of Hormuz at the mouth of the Persian Gulf. The geography of Fujairah is not...

UAE Property Guide Part 4 Of 8 Dubai Property
Dubai is arguably the most well known of the seven emirates (sovereign states) that make up the United Arab Emirates. It is situated on the coast of the Persian Gulf and is bordered by the emirates of Abu Dhabi to the south and Sharjah to the northeast; Dubai also shares a border with Oman in the southeast. Dubai is the second largest of the emirates in size, and has the largest population of any of the emirates in the UAE, approximately 1.5 million. This population is largely metropolitan in...

Dubai Marina A Dubai Property Development Guide
Designed as an urban centre on water, Dubai Marina, one of the world's largest and most meticulously planned man-made waterfronts, and is comparable to the most exclusive waterfront property developments anywhere in the world. Expected to be completely unique, this city-within-a-city offers its residents a stimulating cosmopolitan lifestyle of an urban city immaculately blended with the free-spirited bohemia of a marina. It promises to be a place where people get together to enjoy life to the...

UAE Property Guide Part 7 Of 8 Sharjah Property
Sharjah is the third largest emirate (sovereign state) of the United Arab Emirates (the UAE), and the only emirate to have coastline on both the east and west coasts of the UAE thanks to its enclaves which border the Gulf of Oman. The majority of the emirates of the United Arab Emirates are all surprisingly small with Sharjah having an area of just 2600 square kilometres, comprising 16 kilometres of shoreline along the Persian Gulf and extending 80 kilometres into the interior of the country....

Uae Property Guide Part 2 Of 8 Abu Dhabi Property
Abu Dhabi is an emirate (sovereign state) of the United Arab Emirates; it is also the name of the major city of this emirate, which is the capital city of the United Arab Emirates. Abu Dhabi is the largest of the seven emirates that make up the United Arab Emirates (the UAE). Abu Dhabi is located on the coast of the Persian Gulf and is bordered by the emirate of Dubai and the countries of Oman and Saudi Arabia. Several exciting property developments are currently under construction in Abu...

Exciting New Golf And Sports Resort Planned For Murcia Spain
At approximately 5000 acres, the Marina de Cope project near Aguilas in Murcia, Spain is destined to be the largest tourist resort development not only in Spain, but also in Europe. The declassification of up to 27,000 acres of Spanish coastline has paved the way for this, the ultimate tourist destination - encompassing 22,000 hotel beds, 9,000 residential units, five golf courses and a vast 69 acre marina that can accommodate up to 2,000 boats. The Marina de Cope also promises two mixed-use...

Articles In LimeLight
  • Easy And Refreshing Fruit Salad Recipes
    By Low Jeremy Added on Wednesday, April 30, 2008
  • Tips To Buy Mobile Phone
    By Lijo George Added on Monday, April 28, 2008
  • Can Crohn's Disease Effect Other Parts Of The Body?
    By Amit K Sharma Added on Tuesday, April 29, 2008
  • Do You Make These Mlm Home Business Mistakes?
    By Jason Paul Added on Monday, April 21, 2008
  • 3 Powerful Mlm And Network Marketing Lead Generation Tips
    By Jason Paul Added on Tuesday, April 29, 2008
  • Understanding The Balanced Scorecard Analysis
    By Sam Miller Added on Tuesday, April 29, 2008
  • A Look At Jobs In Golf - The Career Of Tiger Woods
    By Andy West Added on Wednesday, April 30, 2008
  • Debt Settlement Companies Can Be Difficult
    By Legal Helpers Added on Monday, April 28, 2008
  • Should Small Business Fear The Competition?
    By George Collins Added on Sunday, April 27, 2008
  • Why You Should Become a Christian Before Getting Established in Business
    By Stephen M. Seabrook Added on Wednesday, April 30, 2008
  • How To Manage Your Hormone Headaches
    By Mary Betz Added on Wednesday, April 30, 2008
  • How Much Junk One Should Have Before Calling A Junk Removal Company?
    By Amy Nutt Added on Tuesday, April 29, 2008
  • Marketing Arm Combines Business With Travel
    By Dustin Heath Cannon Added on Friday, April 25, 2008
  • 4 Easy Wedding Favor Ideas
    By Joe Palladino Added on Saturday, April 26, 2008
  • Martial Arts And Your Children: Top 5 Reasons To Get Them Involved
    By Gabriel Adams Added on Saturday, April 26, 2008
  • Executive Gifts - Top 5 Gift Giving Ideas
    By Gabriel Adams Added on Friday, April 25, 2008
  • Real Estate Investors Can Help More Owners By Knowing These 10 Options For People Facing Foreclosure
    By Chris Parks Added on Wednesday, April 30, 2008
  • Beware Of Bankruptcy Pitfalls
    By Legal Helpers Added on Thursday, May 1, 2008
  • 3 Totally Free Network Marketing Lead Ideas
    By Jason Paul Added on Wednesday, April 30, 2008
  • The Ins And Outs Of Emma Watson's Relationships
    By Shlomo Tommer Added on Wednesday, April 30, 2008
  • About Author John Hill :

    Kingdom-Homes sell Spanish property in Murcia / the Costa Calida, a genuinely unspoilt region of Spain. Kingdom-Homes is firmly committed to the highest ethical standards, putting their clients Spanish property requirements and interests before their own commissions. http://www.kingdom-homes.com

    Publishers / Webmasters
    Tell A Friend
    Comments / Questions?
    Download this article in PDF
    Search through all the articles:


    374 Users Online!
    Related Articles:
    Latest Articles:
     
    Real Estate >> Top 50 Articles on Real Estate >> All Articles in this category
    Category - >
    Advertising Advice Affiliate Programs Automobiles
    Be Your Own Mentor Careers Communication Consumers
    CopyWriting Crime Domain Names DoT com Entrepreneur Corner
    Ebooks Ecommerce Education Email
    Entertainment Environment Family Finance And Business
    Food & Drink Gardening Health & Fitness Hobbies
    Home Business Home Improvement Humour House Holds
    Internet And Computers Kiddos and Teens Legal Matters Mail Order
    Management Marketing Marriage MetaPhysical
    Motivational MultiMedia Multi Level Marketing NewsLetters
    Pets Psychology Religion Parenting
    Politics Sales Science Search Engine Optimization
    Site Promotion Sports Technology Travel
    Web Development Web Hosting WeightLoss Women's Corner
    Writing Miscellaneous Articles Real Estate Arts And Crafts


    Disclaimer: The information presented and opinions expressed in the articles are those of the authors
    and do not necessarily represent the views of Bharatbhasha.com and/or its owners.


    Copyright © AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Article Search
    FAQs Link To Us || Submit An Article || All Products || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
    Click here for Special webhosting packages for visitors of this website only!