English speaking lawyer – Legal help & advice: (Tel: 34 922 714322 – jose@escobedo.net)
The sale of bare property has become a tool increasingly used by those people of retirement age who want to obtain extra income to complement their pensions. Through the dismemberment of the property and the maintenance of usufruct (whether for life or not), the seller acquires liquidity without losing the possibility of enjoying his property.
What is the sale of bare property?
Living in a community means having to share spaces and facilities with other owners whose tastes and desires are, sometimes, very different from ours and, despite everything, we are obliged to make decisions together. We are talking about agreements aimed at maintenance, repair and even the carrying out of works or new installations with which we may not agree to do them, nor how to carry them out and, above all, to have to pay for them even if we show our reluctance.
What can I do if I am not satisfied with what was approved?
A recent Supreme Court ruling of 15 November 2021 has sent an estate agent to prison for fraud for having drawn up a fraudulent earnest money contract (arras) in order to obtain a deposit of €6000 from prospective purchasers.
Specifically, the High Court considered it proven that the agent signed a contract with the buyers for a property whose owners had rejected the purchaser’s offer and, moreover, had deposited the money into his account and used it for purposes other than those related to the prospective sale.
Continue reading “FRAUDULENT EARNEST MONEY CONTRACTS”In difficult circumstances brought about by the economic crisis, many families have been found themselves having to take out small loans with disproportionate and abusive interest rates. In such cases, it is possible to go to court (with their own or a Court appointed lawyer) and request the annulment of the loan on the basis of art. 1 of the Law of 23 July 1908 on the nullity of usurious loan contracts.
Continue reading “MICROCREDITS CAN BE DECLARED NULL AND VOID”When we take out life insurance policies with banks or insurance companies, we are presented with a health questionnaire which, in most cases, we sign without carefully reading the questions about our health status. There have even been cases where people have signed a blank proposal which is then completed by an employee of the insurance company. This is a major mistake since, when the event covered by the policy (death or illness) occurs, it can block a payout to the beneficiaries of the insurance.
