Spanish English Property Glossary Real Estate Dictionary

Abogado – Lawyer / Solicitor

Acta – Minutes, Transcript

Acta Notarial – Notary´S Deed/Certificate. Document As A Base For Inscription Of The Given Property Into The Land Register.

Acta De Notoriedad – Procedures For Registration In Land Register If The Basic Principle Of The Continuous Registration Was Interrupted.

Acometida – Connection Box Or Meter For Utility Supply, E.G. Of Electricity Or Water.

Administrador – Administrator, E.G. Of A Community Of Property Owners In A Community Development.

Administrador De Fincas - Spanish Licensed Property Administrator

Adosado – Semi-Detached Or Town House

Afecciones Registrales – Charges Against The Property In The Register.

Agencia Estatal De Administracion Tributaria – The Tax Office, Usually Shortened To Agencia Tributaria, Previously Called Hacienda

Agente De Propiedad Inmobiliaria - Property Real Estate Agent

Agrupacion – Combining Parcels (Plots) Of Land Either Rustic Or Urban.

Aire Acondicionado – Air Conditioning

Agua/Potable – Water /Drinking Water

Albanil – Bricklayer

Alcantarillado – Drainage And/Or Sewage System.

Alfombra – Carpet

Alquila – To Rent Usually A Property, Item Or Vehicle.

Alta Catastral – Official Value Of Property Calculated By The Town Hall

Amortizacion – Repayment Of Loan/Mortgage, Depreciation

Amueblada – A Furnished Property; And Unfurnished Is "Sin Muebles".

Antigüedad(Es) / Tienda De – Antique/Antique Shop

Aparcamiento – Parking

Aparejador – An Architectural Engineer Or Surveyor; Who Is Also The Person Who Supervises The Building Of A Property.

Apellido – Your Surname

Arbitraje - Arbitration

Architecto – Architect

Armario – Cupboard/Wardrobe

Apartamento – Apartment

Apostille – An Official Stamp On A Document That Certifies The Signature Of The Official Who Signed It, His Capacity Or Office, And The Identity Of The Seal Or Stamp Which The Document Bears.

Arboles – Trees.

Arras - Down Payment, Deposit

Arrendador - Landlord

Arrendamiento De Obra – Contract For Work And Labour e.g. A Contract For Construction With A Builder

Ascensor – Lift Or Elevator.

Asesor Fiscal – Financial Or Tax Consultant Who Prepares Tax Returns And Offers Tax Advice.

Asiento De Presentacion – Note Of Conveyance Providing Protection For The Purchaser For A Certain Period Of Time Against Further Registrations

Atico – A Top Floor Apartment, Or Attic. Popularly Known As A Penthouse Though Technically Speaking This Is A "Atico De Lujo".

Arrendatario - Tenant

Aval - Loan Guarantee

Avalista - Guarantor (Of A Loan)

AssesoriaEconomica / Contable - Accountant

Ayuntamiento – City Hall Or Town Hall.

Azotea – Roof Terrace.

Balcon – Balcony

Banco/Cuenta De/Targeta De – Bank/Bank Account/Bank Card

Bano – Bath/WC

Barbacoa – Barbecue

Basura – Rubbish Bins And Rubbish Collection For Which A Charge Is Made By The Local Municipal Council.

Boletin De Enganche – Certificate Of The Correct Installation Of The Electrical Wiring – A Precondition For Getting Access To Electrical Power.

Boletin De Instalaciones Electricas – A Certificate From An Officially Certified Electrician, Who Is Registered Within The Province, Stating That A Property Has Been Wired Compliant With The Latest EU Regulations. This Certificate Is Required Before Any Electrical Supply Can Be Contracted From The Utility Company.

Bombilla – Light Bulb

Bombona – Gas Bottle.

Bricolaje – Do-It-Yourself Supplies, And General Tools.

Buen Estado – A State Of Good Condition.

Bungalow – One Storey House

Buzon – Mailbox

Caja De Ahorros – Spanish Savings Bank

Calefaccion Central – Central Heating (Only Houses Higher Up The Mountains In Tenerife Need This!)

Calidad – Quality.

Calle – Street, And Most Often Written As C./ In The Address.

Campo – In The Countryside.

Canaragua – Water Supply Company In Tenerife Usuaaly Supplying Arona Area Including Los Cristianos

Cancelacion – Note Of Cancellation For Charges Against The Property In The Land Register

Cargas – Land Charges Registered Against The Property,Charges, Burden, Arrears

Casa Unifamiliar – Detached House

Casita – Cottage

Catastro Spanish Land Register

Catastral Referencia/Certificado – A Document From The Land Registry That Shows The Location And Measurement Of The Property And Is Also Used For The Basis Of Taxation.

Cemento – Cement

Cedula De Habitabilidad - Certificate Of Occupancy

Certificacion – Certification

Certificado Bancario De Devisas – Certificate Of The Bank That The Price Of Purchase Was Paid With Money Of Known Provenance (Required As Part Of Money Laundering Legislation)

Certificado De Habitabilidad – A Certificate Certifying That A Property Can Be Lived In, Which Is Issued When A Building Conforms With The Building Standards And Codes. It Must Be Issued Before The Electricity, Water And Gas Supply Can Be Connected And A Contract Signed.

Certificado De Empadronamiento – Certificate Certifying That A Person Resides Or Owns Property In A Certain Town. Used As The Basis For Census Information And Also Required When Registering Children At A Local School, Purchasing A Vehicle, Etc

Certificado De No Residencia – Certificate Confirming That You're A Non-Resident In Spain, A Pre-Requisite For All Non-Resident Homebuyers In Spain.

Certificado Final De Obra – The Architect's Certificate That The Construction Had Been Finished In Compliance With Building Regulations

Certificado Registral – Certificate Showing Debts Attached To A Specific Property

Chalet – Villa

Ciudad – Town Or City.

Clausula - Clause In A Contract

Clausula - Abusiva Unfair Clause In A Contract Usually To The Detriment Of The Consumer

Cocina – Kitchen

Codigo Civil – Civil Law

Codigo Postal – Postal Code.

Colegio – School, College Or Professional Association.

Colegio Oficial De Arquitectos – College Of Architects (Official Body)

Comedor – Dining Room

Comprador/a – Purchaser Or Buyer.

Compra Sobre Plano - Off-Plan Property Purchase

Compraventa – The Pre-Purchase Contract; And Basis Of Agreement Between Vendor And Buyer Before Sale Is Presented Before The Public Notary.

Comunidad De Propietarios – Community Association / Committee Of Property Owners Which Manages The Estate, Building Or Development. A New Owner Becomes A Member Of The Owners' Community When He Buys

Constructor Compraventa Private – Property Sales Contract

Contrato De Arrendamiento - Letting/Renting Contract

Contrato De Compraventa De Vivienda - Private Property Sales Contract

Contrato De Opcion – Contract Of Option By Which Someone Obtains The Right To Purchase Acertain Estate Or Property Paying 10% Of The Property Price.

Constructor – Builder

Construido – Built Area, Of Property

Construir – Build

Contador – A Meter Usually For The Supply Of Electricity, Gas, Or Water.

Contrato – Contract.

Contrato De Arrendamiento – Rental Contract.

Contrato De Compraventa – Sales And Purchase Contract.

Consulado – Consulate

Cooperativa De Viviendas - Housing Co-Operative

Copropietario – Part Owner Of A Property Within A Community Or Joint Owner Of A House Or Land.

Corriente Or La Luz – Electricity

Cortijo – A Country Property Inland With Farming Roots

Cosas Comunes – The Zones Or Areas Of A Community Development That Are Owned Communally I.E. Pool, Gardens, Public Terraces And Halls, Lifts, Etc.

CP – Postcode

Cuarto – Room.

Cuarto De Bano – Bathroom

Cuenta De Ahorro Vivienda - Housing Savings Account With Special Tax Benefits

Cuota – Percentage That The Owner Has In A Community Or Jointly Owned Property.

Declaracion De La Renta – Annual Income Tax Return

Declaracion De Obra Nueva – Formal Notarised Declaration Of New Building Works.

Delegacion De Urbanismo – District Surveyor's Office – This Grants Building Permits

Deposito – Storage Tank, Or Deposit E.G. For Water.

Derecho De Tanteo - Right Of First Refusal

Derecho De Retracto - Right Of Repurchase

Division Horizontal - Official Document To Describe Division Pf Property Between Different Owners

Doble Cristal – Double Glazed.

Documento Privado – Private Document

Documento Publico – Public Document

Domicilio Fiscal – Main Residence For Tax Purposes.

Dormitorio – Bedroom

Dormitorio Principal – Master Bedroom

Ducha – Shower

Duplex – Apartment Over Two Floors

Ebanista /Carpintero – Joiner

Edificabilidad Maxima – Maximum Floor Area That Can Be Built Over All Levels

Edificio – Building

Electrician – Electricista

Electricidad – Electricity.

El Campo – The Countryside

Embargo – Seizure Or Restriction Of Land Or Property To Secure Funds To Pay Off Outstanding Debts.

Embajada – Embassy

Empadronamiento – That Is A Legal Process Of Registering Yourself As Citizen Of The Local Municipality. This Is Particularly Important If You Are Re-Locating And Need Access To Schools And Health Facilities, Are Purchasing A Vehicle, Or Need To Register A Birth. Usually There Is No Charge For This Document; Which Is An Important And Legislative Method For A Town Hall To Register Its Occupants – The Numbers Being The Basis For Regional And State Funding Of Services Like Police, Fire, Medical Provision, Etc.

Endesa Unelco – Tenerife Electricity Supply Company

Entrada – Hallway, Or Entrance.

Entemanser – Water Supply Company In Tenerife Usuaaly Supplying Adeje Area

Escalera – Stairway.

Escayolista/Yesero – Plasterer

Escritura – Title Deeds Of Ownership

Escritura Publica De Compraventa – Title Deeds

Escritura De Compraventa – This Document Is Signed By The Notary And Shows That You Are Purchasing The Property.

Estado Civil – S = Single; C = Married; V = Widowed; D = Divorced

Estatutos – Statutes, Rules Or By-Laws, E.G. Of A Community Development.

Espana – Spain

Estudio – Studio Apartment.

Etiquetas Identificativas - Bar Code Labels

Euribor – Official Euro Interbank Variable Interest Rate Set By European Banks

Factura – Final Bill For Payment

Fecha De Nacimiento – Your Date Of Birth

Ferreteria – Hardware Store Or Ironmongers.

Fianza – Deposit, Security

Finca – Farm House, Rural Property Or Small Estate

Finca Registral – Registered Property Or Land

Fin De Obra – Formal Completion Of Works On A New Property

Firma Del Solicitante – Signature

Folleto Informativo - Information Leaflet/Brochure

Fontanero – Plumber

Frigorifico – Refrigerator.

Fuente – Fountain

Fuera De Espana – Outside Of Spain

Garaje – Garage

Garantia – Guarantee, Warranty.

Gastos De Comunidad – Community Fees.

Gas Butano – Butane Gas Often Used For Cooking And Water Heating

Generador – Generator Usually To Refer To An Electrical Supply.

Gestor – A Licensed Professional Who Acts As An Intermediary Between Private Individuals And Government Departments Such As The Tax Office And Social Security. They Offer To Prepare Tax Declarations, Changes To Vehicle Ownership And Registration, Etc.

Gestoria – Specialists Used To Obtain Official Authorisations, Permits And Licences

Habitacion – A Room

Hacienda – Tax Office Agencia Estatal De Administracion Tributaria

Hipoteca – Mortgage

Hipotecar - To Mortgage

Hipoteca De Inversion - Endowment Mortgage

Hormigon – Concrete

Huerto – Orchard

IAE – Tax On Economic Activities.

IGIC I.G.I.C. Impuesto General Indirecto Canario - General Indirect Tax of the Canary Islands. VAT or the Canary Islands equivalent of Mainland Spain's IVA. Currently 5% on most items in Tenerife Canary Islands.

Impuesto De Circulacion - Motor Vehicle Local Tax, Pay Annually By All Vehicle Owners At The Town Hall.

Impuesto De Sucesiones – Inheritance Tax

Impuesto Extraordinario Sobre El Patrimonio – Wealth Tax – Extraordinary Tax On Assets

IBI – Impuesto Sobre Bienes Inmuebles – Spanish Property Tax Levied Yearly (Similar To Rates)

Impuesto Sobre El Incremento Del Valor De Los Terrenos – Tax On The Increase Of Land Value

Impuesto Sobre El Patrimonio – Capital Gains Tax

Incremento De Patrimonio – A Capital Gain

ITP Impuesto Sobre Transmisiones Patrionales – Property Transfer Tax Of 7% Levied On All Re-Sale Property.

Impuesto Sobre Actos Juridicos Documentados AJD – Stamp Duty Legal Documentation Tax

Impuesto Sobre El Incremento Del Valor De Terreno - Tax On The Increase Of Land Value

Impuesto Sobre El Patrimonio - Capital Gains Tax Spain

Impuesto De Sociedades – Corporation Tax, Corporate Income Tax.

Impuesto Sobre La Renta A Personas Fisicas (IRPF) – Income Tax

Impuesto Sobre Sucesiones Y Donaciones – Death Duty, Inheritance Tax And Gift/Donation Tax

Impuestos Municipales – Local Taxes

Impuestos – Taxes.

Informe Urbanistico – A Certificate From The Local Town Hall Stating What Can Be Legally Constructed And Size Built On A Plot Of Urban Land.

Inmobiliaria Agente – Estate Agent

Inventario – Inventory Of Items Sold With, Or Included As A Part Of The Property As Fixtures And Fittings

Inversion En Terreno – Land Investment In Spain

IRPH – Indice De Referencia De Prestamos Hipotecarios Or Building Society Base Rate. Similar To The EURIBOR, But Is Published By The Banco De Espana.

IVA Impuesto Sobre El Valor Anadido – VAT

Jardin – Garden

Ladrillo – Brick

Lavadora – Washing Machine.

Ley – Law.

Ley De La Propiedad Horizontal – Law Relative To 'Communidades' – Nb This Law Rules Apartments, Groups Of Houses And Complete Urbanisations

Ley De Suelo – Ground Law

Licencia De Apertura – Business Opening Licence.

Libre De Cargas – Debt Free

Libro Del Edificio – Documents From The Promoter When Building Is Finished

Licencia De Prima Ocupacion – Licence To Occupy A Completed Property

Licencia De Obra – Building Permission

Licencia Fiscal – Fiscal Licence.

Limpiadora – A Cleaner

Llave En Mano – Ready To Occupy, Literally Key In Hand.

Localidad – Location.

Lugar De Nacimiento – Your Place Of Birth

Lujo Lujoso – Luxury Luxurious.

Madera – Wood

Mal Estado – Dilapidated Or In A Bad Condition.

Mantenimiento – Maintenance.

Marmol – Marble

Martillo – Hammer

Memoria – A List Of Agreed Materials And Specifications For A Building Work; Usually Presented By The Builder Prior To Work Commencing.

Memoria De Calidades – Building Specifications And Qualities (Usually For A House Or Project Extension), And Which Will Form A Part Of The Architect's Plans.

Metros Cuadrados – Square Metres – Units Floor Area Is Measured In

Mortero – Mortar

Movistar – Mobile, Landline And ADSL Suppliers In Tenerife (Also Previously Known As Telefonica). They Do Have English Speaking Operators.

Muebles – Furniture Or Generally Speaking, Furnishings.

Mudanza – Moving House.

N.I.E. Numero De Identificacion De Extranjeros – Identity Number For Foreigners Required For A Property Purchase

Nombre – Your First Name

Nombre Del Padre – Name Of Father

Nombre De La Madre – Name Of Mother

Notario – Notary – The Notary Is A Lawyer Appointed By The Spanish Government To Ensure That The Change Of Title Is Properly Executed. It Is The Notary's Job To Make Sure That The Seller Is Legally Entitled To Sell And The Taxes Are Paid. The Notary Will Register The Change Of Ownership In The Land Registry Office.

Nota Simple – Certificate From Property Registry. A Simple Document Of Ownership And Registry Details. This Will Need To Be Checked And Verified By The Buyer´S Solicitor.

Novacion – Renegotiation Of Mortgage Terms

Obligacion Personal – Unlimited Tax Obligations For Residents

Obligacion Real – Limited Tax Obligations For Non-Residents

Obra Nueva – Document Certifying A New Building

Obra Con Garantia – Works Or General Construction Guarantee.

Ocasion – Bargain, Special Offer.

Ocupacion Maxima – Maximum Permitted Roofed Area

Oferta Vinculante – Bank Document Specifying The Exact Mortgage Conditions

Oficina De Rentas Y Ventas – Sales And Rental Office.

Ordenador – Computer

Pago En Efectivo – Cash Payment

Pais De Nacimiento – Country Of Birth

Pais De Nationalidad – Nationality

Parabolica – Satellite Dish.

Parcela – Lot Or Plot Of Land

Parcialmente Construida – Partially Constructed Or Completed.

Pared – Inside Wall.

Parquet – Wooden Floor.

Pasaporte – Passport

Peligro – Danger Or Warning.

Perito – Valuer Or Assessor

Permiso De Obra Menor – Permission For Small Construction Or Minor Works To A Property Obtained From The Local Authority Or Town Hall.

Permiso De Obra Nueva O De Construccion – Building Licence/Permit

Plan Parcial – Development Plan Of A Plot of Land

Pestillo – Door Lock

Pintor – Painter

Piscina – Swimming Pool

Piso – Apartment

Plan General De Ordenacion Urbana – General Urban Development Plan Or Town Planning Project

Playa – Beach

Planta – Floor

Planta Baja – Ground Or First Floor

Plusvalia – Municipal Capital Gains Tax On The Sale Of Property

Poder – Power Of Attorney Or Proxy, In Which One Or More Persons Gives A Power To Act Legally On Their Behalf Or In Their Absence To Another Specified Person; Usually Their Lawyer Or Legal Representative In Spain. The Most Common Types Of Poa Are General (Allowing Full Representation To Act In All Transactions), Or Specific (Allowing Only Particular Actions Pre-Defined And Detailed In The Said Document). This Act Is Always Notarized Between All Parties.

Posesion – Possession

Potencia – Power Rating Of An Electricity Supply.

Pozo – Well

Precio – Price

Prestamo/ Con Techo – Loan/With Variable Interests With Fixed Minimum And Maximum

Prestamo Hipotecario – Mortgage Loan

Presupuesto – Estimate.

Proindiviso - Co-Ownership, When A Property Has More That One Owner

Promotor – Property Developer

Propiedad – Property

Propietario – Owner

Protocolizacion – Certification Of A Foreign Document Or Certificate By A Spanish Notary

Property Guarantees - Spanish Law States That All New Properties Must Be Guaranteed For 10 Years, The Architect And The Builder Being Legally Responsible For the Warranty. Most New Developments Also Include A Bank Bond Within The Terms Of Their Contract, Guaranteeing Each Stage-Payment And Frequently A No-Later Than Completion Date.

Provincia – Province

Proyecto De Ejecucion De Obra – Plans For A Project Before Receiving The Building Licence

Pueblo – Town Or Village

Puerta – Door

Puerta De Cristal – French Window, Or Glazed Window Screen.

Recaudacion Municipal – Municipal Property Tax (Rates) Office.

Recibo – Receipt.

Referencia Catastral – Land Registry Document Relating To The Property Location.

Registro De La Propiedad – Register Of Property Ownership

Renovado – Renovated.

Renta – Earnings Or Income.

Representante Fiscal – Official Tax Representative

Resale Property – A Second Hand Property, Already Registered At The Property Register In Spain.

Residencia – Residency Permit

Residente – Resident

Retencion - Another Selling Cost That Is Associated With The Selling Of A Property Here In Tenerife If You Are A Non Resident Is A 3% Retention Of The Total Purchase Price Of The Property Which Is Imposed By The Public Treasurer (Ministry Of Economy) To Settle Your Capital Gains Tax And Any Other Outstanding Taxes. This Procedure Is Carried Out In Order To Ensure That You Have No Public Or Private Debts Pending Within The Spanish Territory. Once The Spanish Tax Authorities Have Been Paid Any Of Your Outstanding Tax Debts Out Of The 3% Retention, The Balance Of The Monies, Less Your Tax Bill Will Be Returned To You. Your Personal Fiscal Representative Will Be Able To Tell You Exactly What Your Personal Current Tax Situation Is.

Rustica – An Agricultural Property, But Often Used To Refer To A Rustic Or Rural Dwelling Or Style Of Decoration.

S.A. (Sociedad Anonima) – Plc

S.L. (Sociedad Limitada) – Ltd

Saneamiento – Sanitation

Sala/ Salon – Lounge

Se Vende Or En Venta – For Sale

Se Alquila – For Rent

Segregacion – Separation Of A Part Of The Property

Segunda Vivienda Second Home

Seguridad Social – Social Security Department

Seguro – Insurance.

Sexo – "H" = Male; "M" = Female

Sistema De Seguridad – Security System, Or Alarm.

Seguro De Amortizacion De Prestamos – Loan Repayment Insurance

Seguro Multirriesgo Hogar – House Insurance

Senal – Deposit Or Down Payment

Separacion A Linderos – Minimum Distance Of A Building To The Neighbouring Property

Servidumbre De Transito – Right Of Way (If There Is No Direct Public Access To The The Property)

Sociedad Anonima (S.A.) – Public Limited Company.

Sociedad Limitada (S.L.) – Limited Liability Company.

Solar – Lot For Building

Solarium – Solarium, A Sun Roof Or Decking.

Sotano – Basement

Subasta – Auction

Suelo – Floor Or Surface

Suelo No Urbanizable – Green Areas Or Natural Reserves That Cannot Be Built On

Suelo Urbanizable – Areas Which May Be Built

Suelo Urbano – Urban Area

Superficie Util – Useable Square Metres In A Property

Taller – Workshop; I.E. Carpenter, Garage Mechanic, Soft Furnishings, Etc

Taller Del Constructor – Builder's Yard.

Tasa – Local Tax For Receiving The Building Permit

Tasacion – Independent Valuation Of Property

Tasa De Cambio – Exchange Rate

Tasadores – Official Bank Valuers

Techo – Roof

Teja – Roof Tile

Telefonica – Now Known As Movistar Mobile, Landline And ADSL Suppliers In Tenerife. They Do Have English Speaking Operators.

Terraza – Terrace

Terreno En Venta – Land For Sale

Terreno – Plot Of Land

Terreno Rustico – Agricultural Or Rural Land.

Testamento – Will.

Terreno Para Construir – Building Land On The Costa Del Sol

Tipo De Interes – Rate Of Interest

Titulo De Propiedad – Deeds Stating The Ownership Of Property, Date Of Sale Etc.

Todos Los Gastos – All Fees Or Charges, For Example In A Property Purchase Contract.

Toma De Posesion – Handing-Over The Keys

Tranquilo – Quiet Or Peaceful Area Or Situation.

Traspaso – Transfer Of Rental Or Lease Contracts.

Trastero – Storeroom

Unelco Endesa – The Tenerife Electricity Supply Company

Urbanizacion Privada – Private Community/Development

Uso De Oficinas – Property That Has Office Use

Usocapcion – Right To Use Property Over A Fixed Period Of Time

Usufructo – Right To Use And Enjoy A Property

Valor Catastral – Assessed Value Of Property For Tax Purposes

Valor Comprobado Por La Administracion – Assumed Value Of A Property As A Base For The Property Tax

Vado Permanente – No Parking Zone, Usually In Front Of A Private Entrance Or Garage. A Licensed And Plated (Plaque) Contracted To The Owner By The Local Authority That Gives The Owner The Right To Remove At Any Time Any Vehicle That Is Blocking The Right Of Way To Their Property.

Valor Real – Real Value

Vecindad – Neighbourhood.

Vende – Sale; Or Se Vende For Sale.

Vendedor/a – Vendor Or Seller.

Ventana – Window

Verificacion – Verification

Vidriero – Glazier

Viejo/a – Old.

Vigas De Madera – Wooden Beams, Or A Decorative Beamed Ceiling.

Vivero – Garden Centre.

Vivienda Habitual – Primary Or Main Residence

Vivienda De Proteccion Oficial VPO – Low-Cost Housing Subsidised By The State

Zona Verde – Green Zone

Spanish English Terms for Dealing with your Spanish Bank (Banco) in Tenerife

Amortizacion – Repayment Of The Initial Loan Amount By Installment Including The Capital And Interest Usually For A Monthly Mortgage Payment.

Cambio – Money Exchange, But Also Used To Refer To The Currency Exchange Rate, Or Small Change.

Cargos – Costs Or Charges On A Bank Account.

Certificado De Bancario De Divisas – Certificate From The Bank That The Price Of Property Purchase Was Paid From Your Account.

Cuenta Corriente – Bank Current Account

Domiciliacion De Pagos – Standing Order Account Directive, eg For Payment Of Utility Bills such as Electric, Water.

Domiciliacion Bancaria – Direct Debit.

Fecha – Date.

Gastos – Fees Or Expenses For Services.

Euribor – European Inter Bank Offered Rate, Which Is Based On The Official Designated Interest Rate For The Euro And Is Published By The European Central Bank.

Hipoteca – Mortgage And Is Such A Transaction That Will Be Notarized And Which Will Be Recorded With The Land And Property Register.

Honorarios – Fees.

Indice De Referencia De Prestamos Hipotecarios- IRPH – Is The Rate Used For Variable Mortgages Published By The Banco De Espana.

Importe – Amount.

Impuesto – Tax.

Mensualidad – Monthly Payment For A Mortgage.

Recargo – Surcharge.

Saldo – Account Balance.

Senal – Deposit.

Tasa – Fee.

Tasa Anual Equivalente (TAE) – The Effective Annual Interest Rate, E.G. For A Mortgage, After Interest Is Compounded And All Commission And Fees Are Included.

Tipo De Interes – Interest Rate Type.

Transferencia – Banker's Order Or Transfer.

These guidelines are meant for guidance only and describe a straightforward purchase scenario. However this information is not meant to replace proper legal advice, which we always insist you take.

All You Need To Do Now Is Visit Tenerife
And We Will Take Care Of The Rest

TeneRealty the professional Tenerife Estate Agents