“PRECONCURSO”: 4 MONTHS TO AVOID THE DISADVANTAGES OF JUDICIAL BANKRUPTCY PROCEEDINGS

Because of the current Coronavirus crisis and the various measures implemented by the governments, many businesses see their viability affected since they had to stop their economic activity while continuing to be subject to expenses.  In light of this development, it is a logical consequence that once the confinement in Spain is lifted and the courts proceed to open, there…
Bankruptcy

What to do when facing Bankruptcy in Spain

An inevitable consequence of the Coronavirus outbreak is that many businesses, individuals and freelancers will end up being insolvent, unable to pay their debts. People and businesses that find themselves in that unfortunate situation will be subject to a bankruptcy proceeding.  Bankruptcy proceedings are the process by which an insolvent debtor seeks to satisfy, to the best of their or…
commercial lease

What you should know about your commercial lease during State of Alarm

COMMERCIAL LEASES: THE INTRODUCTION OF A NEW MORATORIUM Through the adoption of the Real Decree 15/2020 on April 21st 2020, the Spanish government grants a protection to the companies whose business is affected by the crisis of COVID-19. This new regulation will come into force on the 23rd of April 2020. As for the measures applied for rental agreements, the…
buy a property remotely

Can I purchase a property in Spain during the crisis?

Coronavirus’ influence on the proper functioning of courts and tribunals

In view of the current serious health emergency and in order to deal with the pandemic caused by the coronavirus and the corresponding illness, COVID-19, the Spanish Government has declared, by means of Royal Decree 463/2020, a state of alarm throughout the national territory for a period of fifteen calendar days, a period which will certainly be extended in the…
Pay rent

I cannot pay my rent anymore, what can I do?

A Guide on the new measures regarding rental contracts and mortgages from March 31st 2020 The Spanish government, aware of the economic repercussions of the current health crisis, has decided to approve a package of measures to relieve those citizens who are having difficulties to pay their rent. These measures will come into force in a few days. How does…
Spain real estate

How Will COVID-19 Affect The Real Estate Market In Spain?

Lexidy discusses the impact and opportunity of the Coronavirus on the real estate market in Spain  Spain is known to be a top destination for Real estate Investment ! However, with the news and social media inundated with stories regarding the coronavirus, it can be difficult to sort the hysterical talk from actual fact. What will be the impact of …

How To Get A Spanish or Portuguese Golden Visa With A Real Estate Investment

3 Reasons Why You Will Need a Lawyer For Buying Real Estate in Spain

3 Reasons Why You Will Need a Lawyer For Buying Real Estate in Spain

Hiring a lawyer for buying real estate in Spain is a wise decision. For most cases, you will need a lawyer for buying real estate in Spain. Property ownership is a milestone and a significant financial investment. Not knowing how the Spanish legislation works can make an already intricate transaction confusing We can’t ignore the fact that many of the…