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This important modification in the law means that utility companies (electricity and water,) can no longer provide services or change the contract holder in the case of properties where an effective habitation certificate (CEDULA) does not exist. Town halls are now informing utility companies not to provide utility services in the cases of properties which do not have or have been denied habitation certificate.
At Vives Pons & Asociados, we would like you to take into account how important it is for the documentation relating to a property to actually reflect the reality of the situation. But with building improvements and alterations past, present and possibly in the future, it is very easy for things to get out of sync. This can have serious consequences including for instance:
• Falling foul of local authority regulations leading to possible fines and, in some cases, even destruction of building works.
• Withholding of power and water services.
• Delaying completion of a sale leading to the loss of a purchaser.
• Giving potential purchasers an excuse to reflect any difficulties in the offer price.
• Lowering the amount of mortgage available to owners and potential buyers as property valuations are often based on the documented size rather than the actuality.
If there are inaccuracies in your property documents it could take a long time to get them properly sorted out from the architectural, legal and fiscal viewpoints.
And the attitude of the authorities in the past should provide no reassurance for the future. So act now for the benefit of you and your heirs to make sure risk is reduced and that future transactions can take place smoothly.
Vives Pons & Asociados can offer comprehensive advice across all the professions involved, and we offer a free initial consultation so that you can decide on the next step.
Now is the time to plan ahead and save time, money & worry.