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Real Estate law and legal questions

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New value of prices: market reference value

Everyone knows as a daily matter, those of us as professionals dedicated to the real estate sector, that we have to play around with the different types of property values. One thing is the market value of a property, that may be more or less, depending on the offer and demand. Today, for example, the market value in the Balearic Islands is quite high, as can be seen in the property selling advertisements. Another thing (very) different is

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Bufete Frau patrocina la 1a Edición de Motivating Talks: emprender en positivo

En Bufete Frau somos positivos y de espíritu emprendedor... Por eso, nos sumamos como patrocinadores de una nueva experiencia de alto impacto dirigida tanto a emprendedores, como a directivos y ejecutivos de empresa, autónomos y profesionales...Un evento inspirador de la mano de expertos. La primera edición tendrá lugar el viernes 16 de marzo en la Fàbrica Ramis y tratará sobre "Emprender en Positivo: La importancia de la Actitud", a través de una clase magistral del conocido conferenciante Victor Küppers, licenciado en ADE, doctor en Humanidades, formador y profesor universitario.

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New planning Law in the Balearic Islands (II): Buildings and constructions out of planning order

If you wish to purchase or sell a property in Mallorca, you must be aware if the buildings and constructions may be in an unsuitable situation or out of planning order. In this article we are only going to speak about those out of planning order. For this, we would refer to the art. 129 of the new Planning Law in the Balearic Islands (LUIB), in particular the second section, which has hardly suffered any modifications with respect to the previous one, the art. 68 of the now revoked Planning Law and Use of Land (LOUS). This article numbers the three cases in which a construction, building, installation or use is considered as being out of planning order, that is:

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New planning Law in the Balearic Islands (I): Obligation of building and renovation

We have been reading about this in the newspapers, but now it is clearer than ever. The LUIB in its art. 114 states that the owners of plots with a maximum capacity above four dwellings will be obliged to build in same within the periods stipulated in the urbanistic planning; and to renovate, if applicable, withing the periods stipulated by the administration. If the planning has not stipulated a period to build in the plots, it is understood that this is four years to be counted from when the land has been classified as plot. You will have noted that we continually speak about “plots” but...

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Sale of a rented property. Right of preemption and withdrawal.

Many of our clients come to see us because they wish to sell and, in fact, have a potencial purchaser, but the problem arises when they have a tenant who is renting the property. The first thing we do is to ask to see the rental contract, in order to establish if it is before or after the reform of the Urban Rental Law in the year 2013. Due to the complexity of this matter, in this article we will only refer to those contracts signed before the mentioned reform.

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