Corruption scandals, illegal building, demolition threats, land grabs...
The Spanish property market has had its fair share of headlines recently...
Opening Military Routes to boost market
The Spanish government is considering allowing commercial airlines to use military routes...
While many areas of Spain are currently experiencing a major slowdown...
Spanish news, aggregated from the best available sources in English.
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Andalucia: Sunny Southern Spain Moneylife Personal Finance site and magazine Sadly, this extraordinarily diverse region of southern Spain is often ignored by travellers who visit the beaches and resorts along the sunny Mediterranean coast—the well-known Costa del Sol—or limit themselves to Madrid and Barcelona. |
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![]() Tennis World - the place for Tennis News and Tennis Tournament | ATP - Nadal denies tax evasion Tennis World - the place for Tennis News and Tennis Tournament ... Nadal's agent, Carlos Costa, said in a statement. "Since the start of his career Rafa has always wanted to maintain his residence in Spain and that's the way it has been, reaffirming his commitment as a Spaniard on, as well as off, the court. |
European Tour announces return of Open de Andalucía at Aloha Golf Club in Spain bettor.com (blog) European Tour season is warming up as the tour coordinating committee announced on Tuesday, January 31 that he 2012 Open de Andalucía will be returning to Aloha Golf Club on Spain's Costa del Sol after a lapse of three years. Spain has been one of the ... |
Audi S8 gets new technology for 2012 Toronto Star Costa Mouzouris Special to the Star ELCIEGO, SPAIN—During a tour of a wine cellar at of one of Spain's oldest wineries, I still couldn't get my head around something I'd learned earlier in the day: The new Audi S8 uses speakers as engine mounts. |
Vicios Cultos in Spain |
| Posted by Administrator (admin) on Jun 30 2008 |
| News >> All News |
Last year, a Property Pulse subscriber sold an old town house in the Valencia region. Some time later, she was contacted by the estate agent, saying that the new owner had recently discovered that the beams in one of the bedrooms were rotten. He had spent money on repairs, and wanted her to share the costs, citing the law of vicios cultos.
When the previous owner of the property contacted me , I asked experts, Mark Wilkins of The Rights Group and Campbell Ferguson of Survey Spain for their comments and advice. Here's what "vicios cultos" means to you if you're buying or selling property in Spain.
The liability lasts up to 6 months after the sale. It appears that the seller of a property is liable even if the defects cannot be seen and they are unaware of them. However, if the buyer can be shown to have any property expertise (or perhaps if they employ a surveyor to inspect the property for them) then the buyer becomes responsible and the seller has no more liability. It appears much more relevant to buying a TV, heater, loaf of bread from a shop, but the act does not exclude property.
The seller is obliged to remedy, or compensate for, any hidden defect or flaw that the sold article could have if that defect makes it unsuitable for the use to which it is intended, if it diminishes that use, and that having the buyer known of their existence would not have bought it or would have offered a lesser price for it. If the buyer is an expert or a qualified person due to their job, occupation or profession, the seller would not be deemed as responsible for those defects or flaws either if they are evident or visible, or if they can not be seen, being that that person should have been able to recognize them easily.
The buyer could opt to annul the contract, being the seller obliged to pay the buyer all the expenses that they have incurred or to reduce an amount proportional to the price that should be ascertained by experts. Moreover if the seller knew about the hidden defects and did not warn the buyer regarding them, the buyer may claim for a compensation for the damages and harms if the buyer opts for the contract annulment.
If the article which had a hidden defect is lost for any fortuitous cause or because of the buyer's fault, the buyer might claim the price they paid for the thing, deducting any reduction in value that the article might have had when it was lost, plus damages and harms if the seller acted in bad faith. These provisions expire six months following delivery of the article sold.
As a seller, specific wording can be incorporated within a sale document which effectively excludes this liability and means that the property is being sold 'as seen'. As a buyer, watch out for this clause in the contract as a possible indication that the seller might be aware of defects which you haven't noticed.
Even though a property survey is not always required by the mortgage company, it makes sense to use a qualified surveyor before making any commitment to purchase a property.
Martin Dell, Kyero.com
Last changed: Jul 02 2008 at 10:50 AM
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