What is Derecho De Tanteo y Retracto?

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Posted and filed under Property Purchase/Sale Service.

derecho de tanteo y retracto

Derecho De Tanteo y Retracto is to do with a new law in the Valencia region of Spain. This became law in June in 2020. It affects property as it gives the Valencian government the right to first refusal and withdrawal of property transactions.

How Does Derecho de Tanteo Y Retracto Affect Clients?

Basically if an owner is selling their property, now they need to obtain the permission of the regional Valencia government. Without it the sale cannot take place at the Notary.

This is something that will particularly affect people who think they do not need someone to help with the legal work for selling a property. As most people would not know which properties need an authorisation or what to do.

In addition, in another twist to this new rule, properties that are not affected still need a different certificate. This is to prove they are not affected by the law for completion at the Notary.

Important to Note

It is important that the paperwork is done right. Otherwise it could affect the sale and cost you money. It is also important that timescales for these documents are taken into account when planning a completion.

If you are thinking of selling your property in Spain, please do contact the team. Then we can discuss with you your property’s paperwork and advise and assist you, as now there are several requirements to meet when selling a property.

2 Comments

  • Madeline Bates

    My brother’s court case, to retrieve his money for a time share sale, went through the courts over a year ago. He was awarded the money, but has still not received it. He is in poor health at the moment,and this is a huge worry he could do without. What can be done about this please? Thankyou.

    • Amanda Thomas

      Dear Madeline, you need to talk with the lawyer that was dealing with the case. Without a lawyer being in the process in the Courts, it is impossible I am sorry to be able to help or give any idea of timescale. You need to ask why he has not received it. Does it need an Execution of the Court Judgement of the proceeding too as someone is not paying. Good luck with everything, Kind regards, Amanda

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