The Nota Simple: Your Ally in the Purchase of a Home

When you decide to embark on the adventure of buying a home, you encounter several terms and documents that, if you are not familiar with them, may seem complicated. One of those documents is the nota simple, a vital role in the buying process. In this article, we explain what it is, why it is crucial to know it before buying a property and how to request it.

1. What is the nota simple?

The nota simple is an informative document that offers a summary of the legal and administrative situation of a property. It comes from the Land Registry and contains information such as the description of the property, its location, area, use, limitations, encumbrances (such as mortgages or liens) and the actual ownership of the property.

2. Why is it important to know how to read it before buying?

• To avoid surprises: You do not want to discover after the purchase that your new home has an outstanding mortgage or some other burden.
• Know the Legal Status: It is vital to know if there are any legal restrictions on the property, such as easements or use limitations.
• Verify Ownership: Confirm that the person selling the home is actually the owner.
• Determine the Real Value: Encumbrances or limitations can influence the price of the property, and it is essential to have this information when negotiating.

3. How do I request a nota simple?

Requesting a nota simple is a simple process:

• Online: Through the official portal of the Association of Registrars of Spain. You will need some basic information such as the name of the owner or the address of the property.
• In person: Going to the Land Registry corresponding to the location of the property. You may be asked for a reason for the request.
• By mail or fax: Although this option is less common due to digitalization, it is still possible in some registries.

The most recommended option

If you prefer to save the paperwork, you can request it through Valido Home and we will do it for you completely online. Why is it the most recommendable? The Nota Simple is a complex document and it requires sufficient knowledge and experience in the matter to understand what it means that an easement exists and how it affects the property, how to read an annotation of embargo on the property or if, for example, the usufruct falls on another person, which would make that in the case of buying the house you could not make use of it until that usufruct was extinguished.

In summary, the nota simple is an indispensable tool for any smart buyer. Making sure you understand it and consider it in your decision will save you potential headaches in the future and give you a clear picture of your future investment.