Wikiavanza
Annotations and marginal notes
These may appear in the Simple Note. They refer to additional information that may appear in the Simple Note, for example:
- Legal conditions: In certain cases, and depending on the tax, the property may be affected by a possible tax inspection due to the transfers, mortgage contracts, etc. that we have signed on it. This means that if the owner who appears before us has not paid any of these taxes, the property will be at risk of possession for 4 years.
- Urban development conditions: This point is very similar to the previous one with respect to the obligations to contribute to expenses in a compensation board regarding developing a certain area. They usually require a customised analysis.
- Liens and claims: All those affecting the property will be listed in the Nota Simple.
- Suspension of the public registry: This refers to the moment when the property is registered through a specific method. It is possible that third parties may appear for a period of two years and take away that registration by invoking a superior right of ownership.