A state tax applied to acts made official through public documents, such as deeds issued by notaries. This tax is paid to the regional tax office.
A municipal tax based on the value of a property. It is payable each year and the amount due depends on each property's value in the property register.
A tax payable on the real value of a home, generally at a rate of 7%.
A tax applied to consumption. This means that the price of every product bought and sold and of every service provided includes a percentage corresponding to IVA. That percentage may be 4%, 7% or 16%. In the case of housing, the applicable rate is generally 7%.
A sum of money that a tenant must pay an owner. The amount to be paid is determined by multiplying the current Renda / Rent by each year of the duration of the contract for which the tenant will not be living in the home.
The percentage by which retail prices vary over the course of a year. The retail price index (referred to as the IPC in Catalan) applied when revising rent corresponds to the 12 months before the date of revision. The IPC is published in Spain's Official State Gazette, and can also be checked by calling or visiting the website of the National Statistics Institute.
A report produced by an approved expert from a valuation company (endorsed by the Bank of Spain). A valuation report appraises and compares a home's condition and establishes its real market price. When you apply for a mortgage, the bank will base its calculations on the value established in the corresponding valuation report, as housing prices are often inflated.
See Arrendatari / Lessee.
A list of objects and/or a description of the condition of a home and its content, made when the home in question is rented out. Inventories are important, as owners use them to check the condition of homes and furniture before returning tenants' deposits when their rental contract ends.