🏡 Why You Need a Lawyer Before Signing a Reservation or Deposit Contract in Spain
Many international buyers looking to invest in Spain, believe that legal advice is only necessary at the stage of signing the arras contract (the private agreement where 10% of the purchase price is usually paid).
But in reality, having a lawyer involved from the very beginning is essential.
- ✅ Reservation agreements: Often the first step when you want to secure a property. These may seem harmless, but they can include commitments that limit your flexibility.
- ✅ Due diligence before paying 10%: A lawyer will prepare a full legal report on the property, checking ownership, debts, planning regulations, licences and other key issues. This ensures that you know exactly what you are buying.
- ✅ Avoiding costly mistakes: Once the 10% deposit is paid under an arras contract, withdrawing from the deal can mean losing that money.
💡 My advice: Engage a lawyer as soon as you decide to move forward with a property and even before choosing it. Early legal guidance can protect your investment and give you peace of mind throughout the entire purchase process.
