03 Jun 2012 2:09 PM:
In October 2010 we bought a house outside Gandia and during the contract negotiations, the seller's solicitor specifically noted that the FOL was not included. When I read the contract, I alerted my solicitor of this clause being specifically omitted and he didn't pay it much attention. The house had been built by the owner who had lived there for over 10 yrs. I said without the FOL the sale was not possible as I would not sign.
Going back to the law quoted on FOL; " 3.- The buyer can cancel the contract ( even after the signing of the deeds), with full devolution of amounts, interests and compensation of damages if after the completion date, either the deeds having been signed or not, the building does not have the FOL."
I find it amazing that both set of solicitors thought nothing of it! Anyway, the seller trotted back to the Town Hall and had it issued and I am in possession of it; the sale went through and we are very very happy with our holiday home. My solicitor, who is very well respected in the area, said; "this is the first time I have ever completed a contract with an FOL ." I wonder if that only applied to property being sold to non-Spanish?
As always, buyer be aware!
LadyleCamps
Thread:
Occupation Licence
--------------------------------------