Immowiki Mallorca: Real estate terms explained clearly

Land register & cadastre

Afecciones registrales are references in the land register to possible tax or legal encumbrances

Afecciones registrales are references in the land register to possible tax or legal encumbrances. They show that a property may still be liable for back taxes or other claims under certain circumstances. Buyers should have such entries checked before signing.

They show that a property may still be liable for back taxes or other claims under certain circumstances.

Buyers should have such entries checked before signing.

Construction, approval & technology

Architect

The arquitecto is the architect. He plans buildings, draws up designs and, depending on the project, submits the necessary documents to the municipality. For new builds, conversions or structural interventions on Mallorca, he is often the central interface between the client, the authorities and the execution.

He plans buildings, draws up designs and, depending on the project, submits the necessary documents to the municipality.

For new builds, conversions or structural interventions on Mallorca, he is often the central interface between the client, the authorities and the execution.

Construction, approval & technology

Bricklayer

Albañil means bricklayer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Land register & cadastre

Cadastral office

Alta catastral means cadastral office. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Consolidation of plots

Consolidation of properties, association of properties.

Property types & equipment

Elevator

Ascensor means elevator. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Property types & equipment

Furnished

Amueblado means furnished. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Financing & Mortgage

Guarantee or bank guarantee

A surety is a guarantee or bank guarantee. In the real estate sector, it can serve as security for payments, construction work or obligations. Buyers and builders should check who is providing the guarantee, for what amount and under what conditions the guarantee can be drawn.

In the real estate sector, it can serve as security for payments, construction work or obligations.

Buyers and builders should check who is providing the guarantee, for what amount and under what conditions the guarantee can be drawn.

Rent & Let

Landlord

Arrendador is the landlord. The term appears in rental contracts and describes the party that lets a property, apartment or commercial space for use. When renting in Mallorca, the duration of the contract, deposit, use and tax obligations must be clearly clarified.

The term appears in rental contracts and describes the party that lets a property, apartment or commercial space for use.

When renting in Mallorca, the duration of the contract, deposit, use and tax obligations must be clearly clarified.

General real estate terms

Maximum building height

Altura máxima means specification of the maximum building height. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.

Construction, approval & technology

Not only the work performed

Arrendamiento de obra refers to a contract for work, for example with craftsmen, construction companies or project partners. The decisive factor is not only the work performed, but also the agreed result. For construction and renovation projects in Mallorca, the scope of services, deadlines, warranty and payment plan should be set out in writing.

The decisive factor is not only the work performed, but also the agreed result.

For construction and renovation projects in Mallorca, the scope of services, deadlines, warranty and payment plan should be set out in writing.

Land register & cadastre

Notarial deed that documents facts or declarations

An acta notarial is a notarial deed that documents facts or declarations. In the real estate sector, it can be relevant for evidence, entries or certain proceedings before the land registry. It does not automatically replace a purchase contract, but can be important for the legal documentation of a transaction.

In the real estate sector, it can be relevant for evidence, entries or certain proceedings before the land registry.

It does not automatically replace a purchase contract, but can be important for the legal documentation of a transaction.

General real estate terms

Notarial procedure for establishing generally recognized facts

The Acta de notoriedad is a notarial procedure for establishing generally recognized facts. In the real estate context, it is used when evidence for a land register entry is missing or the ongoing chain of registration is interrupted. The procedure should always be accompanied by legal counsel.

In the real estate context, it is used when evidence for a land register entry is missing or the ongoing chain of registration is interrupted.

The procedure should always be accompanied by legal counsel.

Land register & cadastre

Notes in the land register on existing/registered deeds

Notes in the land register on existing/registered deeds.

Land register & cadastre

Provisional entry in the land register

The Asiento de presentación is a provisional entry in the land register. It secures the sequence of a submitted deed and can protect buyers during processing. Its effect is limited in time and should be carefully observed during the purchase process.

It secures the sequence of a submitted deed and can protect buyers during processing.

Its effect is limited in time and should be carefully observed during the purchase process.

General real estate terms

Real estate agent

An Agente inmobiliario is a real estate agent. In Mallorca, he accompanies the sale, viewing, negotiation and communication between buyer and seller. However, his work does not replace an independent legal, tax or building inspection of the property.

In Mallorca, he accompanies the sale, viewing, negotiation and communication between buyer and seller.

However, his work does not replace an independent legal, tax or building inspection of the property.

Rent & Let

Rent

Alquiler means rent. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Reservation deposit

Arras refers to a down payment or additional payment when buying real estate in Spain. It is often regulated in the private preliminary contract. Depending on the agreement, the buyer may lose the payment if he withdraws; if the seller withdraws, a repayment of double the amount may be provided for.

It is often regulated in the private preliminary contract.

Depending on the agreement, the buyer may lose the payment if he withdraws; if the seller withdraws, a repayment of double the amount may be provided for.

Purchase, contract & processing

Spanish lawyer

An abogado is a Spanish lawyer. When buying a property in Mallorca, he checks contracts, land register extracts, tax issues and possible encumbrances on the property. Buyers from abroad in particular should not confuse the legal examination with the notarial certification: The notary documents the transaction, the lawyer represents the interests of the client.

When buying a property in Mallorca, he checks contracts, land register extracts, tax issues and possible encumbrances on the property.

Buyers from abroad in particular should not confuse the legal examination with the notarial certification: The notary documents the transaction, the lawyer represents the interests of the client.

Taxes & costs

Stamp duty on notarial acts

AJD stands for Impuesto de Actos Jurídicos Documentados, the Spanish notarization or stamp duty. It is payable on certain notarial deeds, such as the purchase of a new building, mortgage or other documented legal transactions. The exact application depends on the transaction and the autonomous community.

It is payable on certain notarial deeds, such as the purchase of a new building, mortgage or other documented legal transactions.

The exact application depends on the transaction and the autonomous community.

Construction, approval & technology

Technical architect

The aparejador, today usually referred to as an arquitecto técnico, is a technical construction specialist. He monitors execution, construction quality, safety requirements and technical documentation. In new builds, refurbishments and major renovations on Mallorca, his role is often central to approval, construction progress and acceptance.

He monitors execution, construction quality, safety requirements and technical documentation.

In new builds, refurbishments and major renovations on Mallorca, his role is often central to approval, construction progress and acceptance.

Authorities & administration

Town hall or municipal administration

The Ayuntamiento is the town hall or municipal administration. For real estate in Mallorca, it is responsible for building applications, municipal taxes, licenses, urbanism information and local regulations, among other things. The practice can vary significantly depending on the municipality.

For real estate in Mallorca, it is responsible for building applications, municipal taxes, licenses, urbanism information and local regulations, among other things.

The practice can vary significantly depending on the municipality.

Financing & Mortgage

Bank

Banco means bank. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Construction, approval & technology

Certificate of a proper electrical installation

The Boletín eléctrico is the certificate of a proper electrical installation. It is issued by a licensed specialist company and may be required for electricity connections, contract amendments or renovations. It should be checked at an early stage for older properties in Mallorca.

It is issued by a licensed specialist company and may be required for electricity connections, contract amendments or renovations.

It should be checked at an early stage for older properties in Mallorca.

Construction, approval & technology

Architect's certificate of acceptance/completion of construction

Architect's certificate of acceptance/completion of construction.

General real estate terms

Bank foreign-currency certificate

Certificate - issued by the bank if the purchase price was paid in foreign currency.

General real estate terms

Based on the Civil Code of 1889 and is comparable to the German Civil Code

The Código Civil is based on the Civil Code of 1889 and is comparable to the German Civil Code.

General real estate terms

Board of directors of a private urbanization, elected by the assembly of owners

Board of directors of a private urbanization, elected by the assembly of owners.

Construction, approval & technology

Building contractor, developer

Constructor means building contractor, developer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Buyer

Comprador means buyer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Construction, approval & technology

Certificate from the municipality regarding the acceptance/completion of construction

Certificate from the municipality regarding the acceptance/completion of construction.

General real estate terms

Certificate of habitability

The Cédula de habitabilidad is the certificate of habitability. It confirms that a property meets certain minimum requirements for residential use. In Mallorca, it can be important for selling, renting, utility contracts and the legal valuation of a property.

It confirms that a property meets certain minimum requirements for residential use.

In Mallorca, it can be important for selling, renting, utility contracts and the legal valuation of a property.

General real estate terms

Certificate of non-resident status

Certificate of non-resident status.

Inheritance & gift

Community of heirs

Comunidad de herederos means community of heirs. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Condition precedent

A condición suspensiva is a condition precedent. Rights or obligations only arise when a certain event occurs, such as financing, approval or document review. Such clauses are particularly important in purchase contracts.

Rights or obligations only arise when a certain event occurs, such as financing, approval or document review.

Such clauses are particularly important in purchase contracts.

Construction, approval & technology

Construction company

Contratista means construction company. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Contract

Contrato means contract. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Property & Community

Cuota de copropiedad

the share in a community of co-owners; at the same time the basis of assessment for the community's contributions.

General real estate terms

Energy performance certificate

The Certificado de Eficiencia Energética is the energy performance certificate. It must be presented when selling or renting a property. The document assesses energy efficiency and provides information on consumption, building condition and possible improvements.

It must be presented when selling or renting a property.

The document assesses energy efficiency and provides information on consumption, building condition and possible improvements.

Property types & equipment

House

Casa means house. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Construction, approval & technology

Is the architect's proof/certificate of individual construction progress of the building

Is the architect's proof/certificate of individual construction progress of the building.

Property & Community

Joint ownership of a property or real estate

Joint ownership of a property or real estate.

Property types & equipment

Kitchen

Cocina means kitchen. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

More extensive work that does not yet require approval in the simplified procedure

The Comunicación previa compleja concerns more extensive work that does not yet require approval in the simplified procedure. Depending on the municipality, it may be relevant for façade, roof or technical interventions. Deadlines, documents and responsibilities should be clarified before work begins.

Depending on the municipality, it may be relevant for façade, roof or technical interventions.

Deadlines, documents and responsibilities should be clarified before work begins.

Land register & cadastre

Notes the deletion of a charge in the land register

Notes the deletion of a charge in the land register.

Purchase, contract & processing

Option contract

The contrato de opción is an option contract. It gives the buyer the right to purchase a property under fixed conditions for an agreed period of time. The option amount, deadline, withdrawal and set-off against the purchase price must be clearly regulated.

It gives the buyer the right to purchase a property under fixed conditions for an agreed period of time.

The option amount, deadline, withdrawal and set-off against the purchase price must be clearly regulated.

Property & Community

Owners’ association

The Comunidad de propietarios is the community of owners of a residential complex or building. It decides on communal areas, contributions, rules and maintenance. Buyers should check the minutes, debt status and planned special levies before buying.

It decides on communal areas, contributions, rules and maintenance.

Buyers should check the minutes, debt status and planned special levies before buying.

Purchase, contract & processing

Private purchase contract prior to the notarial escritura

The Contrato privado de compraventa is a private purchase contract prior to the notarial escritura. It can already trigger binding obligations. Buyers should have it legally checked before signing, in particular the payment plan, charges, deadlines and rights of withdrawal.

It can already trigger binding obligations.

Buyers should have it legally checked before signing, in particular the payment plan, charges, deadlines and rights of withdrawal.

Rent & Let

Rental agreement

Contrato de arrendamiento means rental agreement. It regulates the rental period, payment, deposit, use, additional costs and rights of the parties. In Mallorca, a clear distinction must be made between residential rentals, seasonal rentals and tourist rentals.

It regulates the rental period, payment, deposit, use, additional costs and rights of the parties.

In Mallorca, a clear distinction must be made between residential rentals, seasonal rentals and tourist rentals.

Purchase, contract & processing

Resolutive condition

A condición resolutoria is a resolutive condition. If a certain event occurs, a contract can be canceled or reversed. In the case of real estate purchases, for example, it can be relevant in the event of non-payment or unfulfilled contractual conditions.

If a certain event occurs, a contract can be canceled or reversed.

In the case of real estate purchases, for example, it can be relevant in the event of non-payment or unfulfilled contractual conditions.

Rent & Let

Seasonal rental contract

Contrato de arrendamiento por temporada means seasonal rental contract. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Similar to "bought as seen"

Cuerpo cierto describes the purchase of a property as a concretely known object. It is similar to "bought as seen". Particularly in the case of existing properties in Mallorca, it should nevertheless be clarified which defects, areas and permits have been secured.

It is similar to "bought as seen".

Particularly in the case of existing properties in Mallorca, it should nevertheless be clarified which defects, areas and permits have been secured.

General real estate terms

Simplified notification for minor construction or renovation work

The Comunicación previa simple is a simplified notification for minor construction or renovation work. It is submitted to the municipality; work can often begin after submission. The scope and requirements must be checked by the municipality.

It is submitted to the municipality; work can often begin after submission.

The scope and requirements must be checked by the municipality.

Property types & equipment

Terraced house

Casa adosada means terraced house. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Construction, approval & technology

The Chamber of Architects

Also found under COAIB, it refers to the Chamber of Architects.

Construction, approval & technology

The Chamber of Technical Architects

The Chamber of Technical Architects.

Property types & equipment

Villa, detached house with plot

Villa, detached house with plot.

Property types & equipment

Bedroom

Dormitorio means bedroom. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Construction, approval & technology

Building and urbanism department of the municipality

The Delegación de urbanismo is the building and urbanism department of the municipality. It processes information on building feasibility, building applications and urban planning regulations. In Mallorca, the administrative practice of the respective municipality often determines the speed and process.

It processes information on building feasibility, building applications and urban planning regulations.

In Mallorca, the administrative practice of the respective municipality often determines the speed and process.

Construction, approval & technology

Coastal protection authority

The Demarcación de Costas is the coastal protection authority. It is responsible for issues relating to the coastline, protection strips and uses near the sea. Its relevance is particularly high for properties in the first line or near the coast.

It is responsible for issues relating to the coastline, protection strips and uses near the sea.

Its relevance is particularly high for properties in the first line or near the coast.

Construction, approval & technology

Declaration of a new building or a significant structural alteration for entry in the land register

The Declaración de obra nueva is the declaration of a new building or a significant structural alteration for entry in the land register. It combines construction work, technical documentation and registration. Without correct registration, subsequent sales can be made more difficult.

It combines construction work, technical documentation and registration.

Without correct registration, subsequent sales can be made more difficult.

Construction, approval & technology

Deslindes

Administrative procedure for determining the boundary between the seashore and the interior of the country.

Inheritance & gift

Document that proves the succession

This is the document that proves the succession.

General real estate terms

Money

Dinero means money. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Right of retention, applies in the event of default by a contracting party

Right of retention, applies in the event of default by a contracting party.

General real estate terms

Right of withdrawal

Derecho de retracto means right of withdrawal. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.

General real estate terms

Surface right, similar to the German heritable building right

Surface right, similar to the German heritable building right.

Taxes & costs

Tax office

Delegación de Hacienda means tax office. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

A penalty or attachment placed on the property

A penalty or attachment placed on the property. Which makes the sale more difficult.

Which makes the sale more difficult.

Construction, approval & technology

Decisive for buyers of building plots in Mallorca

Edificabilidad máxima refers to the maximum permitted buildability of a plot of land. It determines how much area may be built in relation to the plot. This value is decisive for buyers of building plots in Mallorca.

It determines how much area may be built in relation to the plot.

This value is decisive for buyers of building plots in Mallorca.

Construction, approval & technology

Electrician

Electricista means electrician. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Necessity of public notarization of private deeds before entry in official registers

Necessity of public notarization of private deeds before entry in official registers.

Purchase, contract & processing

Notarial deed of acceptance of inheritance

Notarial deed of acceptance of inheritance.

Purchase, contract & processing

Notarial deed of sale

The Escritura pública de compraventa is the notarial deed of purchase. It is used to publicly notarize the property purchase and is then entered in the land register. It should match the private purchase contract, proof of payment and register data.

It is used to publicly notarize the property purchase and is then entered in the land register.

It should match the private purchase contract, proof of payment and register data.

General real estate terms

Date, deadline

Fecha means date, deadline. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Rent & Let

Deposit

Fianza means deposit. In tenancy law, it serves as security for claims arising from the tenancy. The amount, deposit and repayment depend on the type of contract and legal requirements.

In tenancy law, it serves as security for claims arising from the tenancy.

The amount, deposit and repayment depend on the type of contract and legal requirements.

Financing & Mortgage

Not personalized and is not binding

The FIPRE contains general pre-contractual information on a mortgage loan. It is not personalized and is not binding, but is suitable for an initial comparison of bank offers.

It is not personalized and is not binding, but is suitable for an initial comparison of bank offers.

General real estate terms

Often used in Mallorca for rural properties

In Spain, finca refers to a plot of land or a real estate unit. In everyday life, the term is often used in Mallorca for rural properties. However, the cadastre, land register, use, buildability and permit situation are decisive.

In everyday life, the term is often used in Mallorca for rural properties.

However, the cadastre, land register, use, buildability and permit situation are decisive.

Financing & Mortgage

Personalized European information sheet for a mortgage loan

The FEIN is the personalized European information sheet for a mortgage loan. It contains the specific loan conditions and is much more binding for the borrower than general advance information.

It contains the specific loan conditions and is much more binding for the borrower than general advance information.

Construction, approval & technology

Plumber or installer of sanitary facilities

Plumber or installer of sanitary facilities.

General real estate terms

Registered property

Finca registrada means registered property. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Financing & Mortgage

Standardized warning and information sheet for mortgages

The FIAE is a standardized warning and information sheet for mortgages. It draws attention to key risks and clauses, such as reference indices, early repayment or special contractual conditions.

It draws attention to key risks and clauses, such as reference indices, early repayment or special contractual conditions.

General real estate terms

Contract clause on cost allocation

Contract clause on cost allocation.

Property types & equipment

Garage

Garaje means garage. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

No substitute for an independent legal or building inspection

In Spain, a gestoría takes care of administrative processes, administrative procedures, tax forms and document management. It can provide practical support when buying a property, but is no substitute for an independent legal or building inspection.

It can provide practical support when buying a property, but is no substitute for an independent legal or building inspection.

Financing & Mortgage

Mortgage

Hipoteca means mortgage. It is used to finance a property and is entered in the land register. Buyers should carefully check the interest rate, costs, term, early repayment rules and the required pre-contractual information sheets.

It is used to finance a property and is entered in the land register.

Buyers should carefully check the interest rate, costs, term, early repayment rules and the required pre-contractual information sheets.

Taxes & costs

National administration of the Ministry of Finance

National administration of the Ministry of Finance.

Property types & equipment

Room

Habitación means room. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Taxes & costs

Also known as stamp duty and is often listed under AJD

Notarization tax is also known as stamp duty and is often listed under AJD.

Taxes & costs

Annual Spanish property tax

IBI is the annual Spanish property tax. It is levied by the municipality and is based on the cadastral value. Buyers should check whether previous IBI payments are outstanding before purchasing.

It is levied by the municipality and is based on the cadastral value.

Buyers should check whether previous IBI payments are outstanding before purchasing.

Taxes & costs

Corporation tax

I.S., impuesto sobre sociedades means corporation tax. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Taxes & costs

Income tax

I.R.P.F., impuesto sobre la renta de las personas físicas means income tax. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Taxes & costs

Inheritance and gift tax

Impuesto sobre sucesiones y donaciones means inheritance and gift tax. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Taxes & costs

Municipal tax on building projects

ICIO is a municipal tax on building projects, installations and construction work. It is incurred in connection with permits or notifications. The amount and calculation depend on the municipality and project costs.

It is incurred in connection with permits or notifications.

The amount and calculation depend on the municipality and project costs.

Taxes & costs

Municipal taxes and duties

Impuestos y tasas municipales means municipal taxes and duties. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with experts.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with experts.

Land register & cadastre

Private application to correct the land register due to succession

Private application to correct the land register due to succession.

Taxes & costs

Real estate transfer tax on the purchase of used real estate

The ITP is the real estate transfer tax on the purchase of used real estate. It is applied to the tax-relevant value or purchase price. In Mallorca, it is one of the most important additional costs when buying a property.

It is applied to the tax-relevant value or purchase price.

In Mallorca, it is one of the most important additional costs when buying a property.

General real estate terms

Requested on the buildability of land and individual building right standards

Building right application, by which information is requested on the buildability of land and individual building right standards.

Taxes & costs

Spanish value added tax

IVA is the Spanish value added tax. When buying real estate, it mainly applies to new buildings or certain commercial transactions. In the case of second-hand properties, the real estate transfer tax ITP is usually applied instead of IVA.

When buying real estate, it mainly applies to new buildings or certain commercial transactions.

In the case of second-hand properties, the real estate transfer tax ITP is usually applied instead of IVA.

Taxes & costs

State taxes

Impuestos estatales means state taxes. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with experts.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with experts.

Inheritance & gift

The appointment of one or more heirs

The appointment of one or more heirs.

Taxes & costs

To control

Impuestos means to control. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Taxes & costs

Wealth tax (no longer levied since 1

Wealth tax (no longer levied since 1.1.2009).

Property types & equipment

Garden

Jardín means garden. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Construction, approval & technology

Building permit

Licencia de obras means building permit. It is required for construction work that requires authorization and is issued by the municipality. In Mallorca, the documents, processing time and administrative practice vary depending on the Ayuntamiento.

It is required for construction work that requires authorization and is issued by the municipality.

In Mallorca, the documents, processing time and administrative practice vary depending on the Ayuntamiento.

Inheritance & gift

Compulsory part

Legítima means compulsory part. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Construction, approval & technology

First occupancy permit

The Licencia de primera ocupación is the first occupancy permit. It confirms that a new build or significant conversion has been completed in accordance with approved documents. It can be relevant for occupation, sale and supply connections.

It confirms that a new build or significant conversion has been completed in accordance with approved documents.

It can be relevant for occupation, sale and supply connections.

Construction, approval & technology

Major works permit

The Licencia de obra mayor is the permit for larger construction projects, particularly for new builds, extensions or interventions in load-bearing structures. It usually requires technical project documentation.

It usually requires technical project documentation.

Construction, approval & technology

Minor works permit

The Licencia de obra menor relates to minor construction or repair work without significant intervention in the structure or use. The exact classification depends on the municipality and the project.

The exact classification depends on the municipality and the project.

Property & Community

Spanish condominium law

The Ley de Propiedad Horizontal is the Spanish condominium law. It regulates communities of owners, common areas, resolutions, cost shares and obligations of owners.

It regulates communities of owners, common areas, resolutions, cost shares and obligations of owners.

Rent & Let

Spanish tenancy law

The Ley de Arrendamientos Urbanos is the Spanish tenancy law. It is central to residential rentals and certain tenancies. Seasonal rentals, tourist rentals and long-term residential rentals must be clearly separated.

It is central to residential rentals and certain tenancies.

Seasonal rentals, tourist rentals and long-term residential rentals must be clearly separated.

General real estate terms

Building certificate

Memoria de calidades y mediciones means building certificate. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

A person without tax residence in Spain

No residente refers to a person without tax residence in Spain. Property owners without resident status are subject to special tax obligations, for example when using, renting or selling their property.

Property owners without resident status are subject to special tax obligations, for example when using, renting or selling their property.

General real estate terms

Identification number for foreigners in Spain

The NIE is the identification number for foreigners in Spain. It is practically indispensable when buying real estate, for tax matters, bank accounts, notary appointments and many administrative acts.

It is practically indispensable when buying real estate, for tax matters, bank accounts, notary appointments and many administrative acts.

Land register & cadastre

Land register extract

The Nota Simple is an informative extract from the land register. It shows the owner, property description, encumbrances, rights and possible restrictions. It is one of the most important documents to check before buying a property in Mallorca.

It shows the owner, property description, encumbrances, rights and possible restrictions.

It is one of the most important documents to check before buying a property in Mallorca.

General real estate terms

Negotiable

Negociable means negotiable. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.

Land register & cadastre

Noted in the land register

Marginal note with which the deletion of registered rights is noted in the land register.

Land register & cadastre

Spanish notary

The notario is the Spanish notary. He notarizes the purchase contract and checks the formal requirements. However, he is not a representative of the buyer's interests; the individual examination should be carried out by a lawyer, tax consultant or expert.

He notarizes the purchase contract and checks the formal requirements.

However, he is not a representative of the buyer's interests; the individual examination should be carried out by a lawyer, tax consultant or expert.

General real estate terms

Tax number

N.I.F., número de identificación fiscal means tax number. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

To negotiate / deal

Negociar means to negotiate / deal. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Compulsory helmet

Obligación de casco means compulsory helmet. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Construction, approval & technology

Construction or building site

Obra means construction or building site. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Taxes & costs

Limited tax liability (non-residents)

Limited tax liability (non-residents).

Construction, approval & technology

Maximum permissible covered area

Maximum permissible covered area.

Taxes & costs

Personal obligation for resident taxes

Personal obligation for resident taxes.

Purchase, contract & processing

Purchase option

Opción de compra means purchase option. It gives the beneficiary the opportunity to purchase a property within a fixed period on agreed terms.

It gives the beneficiary the opportunity to purchase a property within a fixed period on agreed terms.

Property types & equipment

Apartment

Piso means apartment. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Construction, approval & technology

Architect's basic project for a building project

The proyecto básico is the architect's basic project for a building project. It describes the essential planning data and often serves as the basis for approval.

It describes the essential planning data and often serves as the basis for approval.

Construction, approval & technology

Authorization for construction work from application

Authorization for construction work from application.

Construction, approval & technology

Building expert

Perito de Obra means building expert. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Certified copy of the deed of sale, also called "escritura"

Certified copy of the deed of sale, also called "escritura".

General real estate terms

Down payment - often in connection with rental properties

Down payment - often in connection with rental properties.

General real estate terms

Floor

Planta means floor. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Property & Community

Home ownership

Propiedad horizontal means home ownership. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Property & Community

House owner, proprietor

Propietario means house owner, proprietor. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Construction, approval & technology

Implementation project

The proyecto de ejecución is the implementation project. It contains the technical details for the construction work and supplements the basic project. It is usually decisive for the actual start of construction on larger projects.

It contains the technical details for the construction work and supplements the basic project.

It is usually decisive for the actual start of construction on larger projects.

Property types & equipment

Inner courtyard

Patio means inner courtyard. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Taxes & costs

Municipal land value tax

The Plusvalía municipal is a municipal tax on the increase in land value. It is typically payable on sale, inheritance or donation. The municipality is responsible.

It is typically payable on sale, inheritance or donation.

The municipality is responsible.

General real estate terms

Owner

Poseedor means owner. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Partial development plan of the municipality, urbanization plan

Partial development plan of the municipality, urbanization plan.

General real estate terms

Plot of land

Parcela means plot of land. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Power of attorney

Poder means power of attorney. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Price

Precio means price. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Promoter

Promoter means developer / project developer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Property & Community

Property

Propiedad means property. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Protocolización

Confirmation of a foreign deed (with apostille and certified translation) by recording it before a Spanish notary or consul.

General real estate terms

Sharing

Partición means sharing. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Property types & equipment

Swimming pool

Piscina means swimming pool. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Final building acceptance, particularly important for the start of warranty periods

Final building acceptance, particularly important for the start of warranty periods.

Land register & cadastre

Land Registry

The Registro de la Propiedad is the Spanish land registry. Ownership, rights, encumbrances and certain deeds are registered there. For buyers, the current status of the register is a central basis for verification.

Ownership, rights, encumbrances and certain deeds are registered there.

For buyers, the current status of the register is a central basis for verification.

General real estate terms

Recycling fees

Residuos sólidos means recycling fees. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Resident

Residente means a person residing in Spain. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

A plot of land in a rural setting

Solar / finca rústica means a plot of land in a rural setting. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Property & Community

Declaration of division of common property

Declaration of division of common property.

Purchase, contract & processing

Deposit or reservation payment

Señal is a deposit or reservation payment. In practice, the term often overlaps with arras. The decisive factor is what legal effect the payment has in the contract.

In practice, the term often overlaps with arras.

The decisive factor is what legal effect the payment has in the contract.

Property & Community

Easement

Servidumbre is an easement, such as a right of way, pipeline right or right of use in favor of a third party or another property. Such rights should be checked in the land register and on site before purchase.

Such rights should be checked in the land register and on site before purchase.

Construction, approval & technology

Green spaces or nature reserves

Green spaces or nature reserves.

Purchase, contract & processing

Important to know which claims exist and which risks are contractually excluded

Saneamiento refers to warranty or liability for defects or defects of title. When buying a property, it is important to know which claims exist and which risks are contractually excluded.

When buying a property, it is important to know which claims exist and which risks are contractually excluded.

General real estate terms

Limited liability company, comparable to the German GmbH

Limited liability company, comparable to the German GmbH.

Construction, approval & technology

Minimum distance between the property development and the neighboring property

Minimum distance between the property development and the neighboring property.

General real estate terms

Plot of land

Solar means plot of land. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Property & Community

Right of way

Servidumbre de tránsito means right of way. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Segregation of a part of a property

Segregación de fincas means segregation of a part of a property. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Spanish company form, comparable to the German stock corporation

Spanish company form, comparable to the German stock corporation.

General real estate terms

To sell

Se vende means to sell. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Urban plot

Solar urbano means urban plot. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Warranty insurance for construction defects in the structure

Warranty insurance for construction defects in the structure.

Taxes & costs

Fees

Tasa means fees. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Purchase, contract & processing

Taking possession of a property - for example by handing over the keys

Taking possession of a property - for example by handing over the keys.

Taxes & costs

The municipal garbage fee

Tasa de recogida domiciliaria de basura means the municipal garbage fee. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Transfer

Transferencia means transfer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Land register & cadastre

Cadastral number

Referencia catastral / UTM means cadastral number. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.

Construction, approval & technology

Central to building development

Urbanismo refers to the area of building regulations, urban planning and use under building law. In Mallorca, it is central to building development, permits, types of use and municipal regulations.

In Mallorca, it is central to building development, permits, types of use and municipal regulations.

Property & Community

Misuse

Usufructo means misuse. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Permitted use

Uso means permitted use. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with professionals.

General real estate terms

Private development community, mostly for the construction of villa complexes

Private development community, mostly for the construction of villa complexes.

General real estate terms

Residential area

Uso residencial means residential area. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Urbanization

Urban development of a housing estate.

General real estate terms

Use as office space

Uso de oficinas means use as office space. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Taxes & costs

Cadastral value of a property

The Valor catastral is the cadastral value of a property. Among other things, it serves as the basis for municipal taxes such as IBI. It does not automatically correspond to the market value.

Among other things, it serves as the basis for municipal taxes such as IBI.

It does not automatically correspond to the market value.

General real estate terms

Real value

Valor real means real value. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with experts.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or discussions with experts.

Property types & equipment

Sea view

Views for example:vistas al mar means sea view.

Purchase, contract & processing

Seller

Vendedor means seller. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

Taxes & costs

The value assumed by the tax authorities as the basis for property taxation

The value assumed by the tax authorities as the basis for property taxation.

Construction, approval & technology

Plasterer or gypsum plasterer

Yesero / Yesaire means plasterer or gypsum plasterer. The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

The term often appears in the real estate, construction or contract environment in Mallorca in advertisements, contracts, administrative documents or conversations with professionals.

General real estate terms

Commercial area without residential development

Commercial area without residential development.