|
However
to purchase any property in Portugal you will need to
have a
'Numéro Fiscal de Contribuinte' or
tax card, which we here at Chavetejo will help you
obtain.
Once you
have found the property you wish to purchase, simply
make an offer to the owner. If this offer is accepted
then the next step is to sign a 'Contrato de Promessa de Compra e Venda,
then the property is secured.
A promessa contract is
drawn up by an 'advogada' (or lawyer) and
signed by both the sellers and the buyers and a deposit
is handed over. Once all parties have signed, the lawyer
registers this document online. A deposit is required to
be given, usually around 10%, by the buyers at this
stage. It is worthwhile to note the contract ensures you
will not be gazumped and it will usually state the date
for the 'Escritura' or completion.
Prior to
the escritura you will have to pay
'Imposto Municipal Sobre as Transmissões'
or IMT
tax, if relevant, at the local finanças
office at least three days prior to the final signing.
If you are taking out a mortgage to purchase your
property, then this will have to be registered with the
Conservatória
do Registo Predial (land registry office) at least
15 days prior to the signing, however your appointed
advogada will usually take care of this for you.
Once you've completed
the Escritura you will need to
register your property at
the Conservatória
and at the local Finanças,
to ensure the annual rates bills are received in your
name. However if the property is to be your sole
residence then you can apply for an
exemption from
rates. |
