1- CERTIDÃO DE REGISTO PREDIAL (property registration certificate)
shows who the registered owner of a property is if there is any outstanding loans/mortgages on the property as well as details of the property like constructed area, plot size etc. Obtainable from the Conservatoria do Registo Predial, (land registry office). Valid for 6 months.
2- CADERNETA PREDIAL (tax/financial registration)
This document issued by the Finanças (tax/finance department) shows the financial registration of the company and the rates and taxes payable by this property to the local council.
3- LICENÇA DE HABITAÇÃO / UTILIZAÇÃO (habitation license)
Issue by the Camara (town council) shows that the property has been built according to the approved plans and for the purpose of habitation, for other purposes, it will be called Licença de Utilizaçao. No property can be sold without it.
4- FICHA TÉCNICA DE HABITAÇÃO / B.I. (technical file)
This new requirement has been in place since 2004 and is the detailed file of the property construction; suppliers, materials used, and all the technical data of the construction process. This document is provided by the Constructor (builder)
5- CERTIFICDO ENERGÉTICO (Energy certificate)
The energy certificate is a mandatory document by law for all properties in promotion with a sale or lease destination, available in PDF format, which informs the consumer about the energy class of the property, what components and their performance, what measures improvement to reduce energy consumption and possible tax benefits and access to finance. This document is carried out by a certified expert.
6- NUMERO DE CONTRIBUINTE (fiscal tax number)
To be able to buy or sell property in Portugal you need to get a fiscal number. You get this anytime at the Finanças (local tax office)
7- CPCV - Contrato de Promessa de Compra e Venda (promissory contract)
Price agreed, documents in order, both parties in the presence of a Notario (notary) must sign, a CPCV (promissory contract). Normally the buyer pays a 10% to 30% deposit to the seller. In this contract, terms and conditions are set out. The Portuguese law is clear; if the buyer defaults he will lose his deposit to the seller, if the seller defaults, he must return the deposit paid to him in double to the buyer.
8- ESCRITURA ( final deed)
Must be done in a Notário (notary)
All conditions set out on the CPCV (promissory contract) have been fulfilled, you now get the full payment and the buyer takes transfer of the property.
We hope this information was useful!
If you still need more information about selling property in Portugal please email us, info@algarveproperty.com, we are committed to providing you with the solutions, service and support to help you succeed online, in your search for your dream property in the sunny Algarve.
This presentation serves only as a guide, for your information. You should always appoint a good lawyer to represent you. We hope that you now have a better insight into the property selling process in Portugal and the Algarve
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