In the heart of the Sierra Sur, Andalucia, Granada address is Calle de Ladera 51 Valdepenas de Jaen 23150 3/4 bed typical white painted townhouse in need of some renovation. Google Street View: https://www.google.com/maps/@37.5924267,-3.8183994,3a,90y,239.62h,107.85t/data=!3m6!1e1!3m4!1sMI3ZfqnnVcC4TG3f79ptBQ!2e0!7i13312!8i6656?hl=en&entry=ttu HERE IS A MAP OF OTHER COMPARABLE PROPERTIES FOR SALE CLOSE BY https://www.idealista.com/point/venta-viviendas/37.59254/-3.81873/18/mapa-google The following Courtesy of Wikipedia: The town of Valdepeñas de Jaén was founded in 1539 as part of the repopulation of the mountain areas of Jaén following the reintegration of the kingdom of Granada after the Islamic period. The new town was designed and built according to Renaissance principles of town planning, which are till apparent today in the grid layout of its streets. By 1550 the town was fully populated under the jurisdiction of the City of Jaén, and following a request to King Felipe II by the municipal council, was recognised as an independent town within the kingdom of Castile in 1558. In 1629,in the reign of Felipe IV, the jurisdictional lordship of Valdepeñas was sold to Antonio Álvarez de Bohorques, Marquesado de los Trujillos, Major Ensign of the City of Granada, who in turn sold it to Dalmau de Queralt, Count of Santa Coloma, in 1643. The municipal council did not recognise the jurisdiction of the "Lords of Valdepeñas", and opposed seigneurial authority throughout the seventeenth century until the matter was resolved in favour of the municipal council in 1785. In 1917, the town of Valdepeñas was declared a city by H.M. King D. Alfonso XIII. The Christ of Chircales has been the focus of religious observance in Valdepeñas de Jaén since the sixteenth century and is celebrated from September 1 to 5 of each year. Since 1940, a pilgrimage has been held at the shrine of Chircales on the first Sunday in May. The pilgrimage was recently declared to be part of the Intangible Heritage of Andalucía. Valdepenas de Jaen https://en.wikipedia.org/wiki/Valdepe%C3%B1as_de_Ja%C3%A9n Interest Free Vendor Finance deal as follows: £3000 Agency Fee thereafter £500 pcm until paid in full. Simple. NO INTEREST TO BE PAID !! Preliminary contract for sale of property in Spain Spain is a country that attracts many tourists. It is mainly due to its rich culture, architecture, cuisine and the favourable climate. This part of Europe is also well-known for its attractive property prices. However, it is worthwhile to get to know the most important issues related to the purchase of property before starting to search for your dream house or flat. Signing the contract in Spain Preliminary contracts are commonplace on the Iberian Peninsula The preliminary contract - Contrato de arras What is the Spanish Preliminary Contract? This type of a contract is concluded between a potential buyer of property and its seller/intermediary. The parties undertake to conclude the main ‘’body’’ of the contract, also referred to as the ‘’promised’’ contract. In these circumstances, the buyer makes a kind of a reservation, which entails paying an agreed amount - a deposit. However, this is not a contract concluded before a notary. Therefore, it is worth paying special attention to whether it is properly executed, as it happens many times that the later notarial deed signed is an exact copy of it. It is also worth remembering that the preliminary contract is concluded when buying all types of property, such as: garages or parking spaces. It does not only refer to flats and houses. As far as the amount of such deposit is concerned, it should normally amount to about 10% of the property value. The buyer may also want to protect himself in case of cancellation of the purchase - in that case a lower rate is negotiated. Of course, the final version must be agreed to by each party. As far as the deadline for signing a preliminary contract is concerned, it is usually concluded for a period of 1-2 months. This is enough time to complete all the formalities related to the purchase of property, including the mortgage. Types of contrato de arras Arras confirmatorias - the amount that is paid to confirm the willingness to purchase a given property - to conclude a sales contract The amount paid is part of the total selling price. Although it confirms the willingness to finalise the contract, it does not constitute its collateral. In case of withdrawal from the contract, the amount shall be fully recovered. Arras penales - aims to guarantee the completion of the contract. It is a form of stipulated damages - a fine of a specific amount. In the event of withdrawal or non-performance, it is intended to cover the ensuing follow-up damages. Arras penitenciales - the deposit is a form of collateral for the performance of the contract and is intended to protect the interests of both parties. In the event of withdrawal from the contract promised by one of th
