Specialist solicitors for the termination of joint ownership
Do you own a property jointly with other people and cannot agree on its sale?
Management of joint ownership
We take care of resolving these types of situations. Some examples are:
If you have inherited a property jointly with other family members and cannot agree on its sale.
If you purchased a property with a former partner with whom you no longer have a good relationship.
If you own a property together with another person that generates expenses and that you can hardly enjoy.
If you have separated from your partner and cannot agree on the sale of the property.
At Muñoz de la Peña Abogados, we can help you terminate your condominium ownership.
We assist you with the termination of joint ownership
- We offer you a comprehensive analysis of your situation and the best legal options available.
- We take care of the entire legal process, from the documentation to the final resolution.
- We guarantee total confidentiality and discretion throughout the processing of your case.
Some frequently asked questions about the termination of joint ownership:
Is the process of terminating joint ownership lengthy?
The duration of the process depends on the willingness of the parties to reach an agreement. When the joint owners assume that the situation has reached a point of no return and decide to reach an agreement, the situation is resolved by means of a public deed.
However, there are cases in which it is necessary to go to court and put the property up for public auction, which means that the process takes longer.
How is the public deed taxed?
In the case of a public deed, 0.5% is paid in stamp duty on the value declared for the property in the deed.
Do I have to declare anything on my income tax return after selling the property?
Tax is levied on the basis of the difference between the purchase price and the sale price at the time of termination of the joint ownership.
Am I obliged to pay the property expenses if I do not enjoy it?
In this case, we must refer to the concepts established in the Condominium Law, differentiating between ordinary expenses (electricity, water, gas, etc.) and extraordinary expenses (special assessments). In general, whoever has use of the property must pay the former, and the latter are paid according to the share that each co-owner has in the property; that is, if each of the owners owns half of the property, the extraordinary expenses will be paid equally, regardless of who uses the property.