1% of House Price – Lawyer’s fees

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This topic contains 14 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 11 years, 1 month ago.

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  • #51327
    Profile photo of Anonymous
    Anonymous
    Participant

    My lawyer is charging me 1% of Net House price + IVA (plus 16% IVA of service). Shouldn’t it be 1% net of IVA? or am I mistaken?

    I woud appreciate it if a Spnish lawyer answered this. Thanks!

  • #59444
    Profile photo of Anonymous
    Anonymous
    Participant

    it is correct.

  • #59641
    Profile photo of Anonymous
    Anonymous
    Participant

    it is correct.

  • #59665
    Profile photo of Anonymous
    Anonymous
    Participant

    Hello,

    We have been very stupid in the sense that we have bought off plan without having all the paperwork independently checked, we now have had it checked and luckily everything is OK. We are now only require a lawyer for the completion and water/electric etc (already have wills, NIE’s etc). What % should we expect to pay for this?

    Thanks

  • #59465
    Profile photo of Anonymous
    Anonymous
    Participant

    Hello,

    We have been very stupid in the sense that we have bought off plan without having all the paperwork independently checked, we now have had it checked and luckily everything is OK. We are now only require a lawyer for the completion and water/electric etc (already have wills, NIE’s etc). What % should we expect to pay for this?

    Thanks

  • #59672
    Profile photo of Anonymous
    Anonymous
    Participant

    I would guess that a lawyer would still charge his standard fee regardless that the contract has already been signed and checked by someone else. This forum does recommend excellent lawyers depending where the property is?

  • #59472
    Profile photo of Anonymous
    Anonymous
    Participant

    I would guess that a lawyer would still charge his standard fee regardless that the contract has already been signed and checked by someone else. This forum does recommend excellent lawyers depending where the property is?

  • #59677
    Profile photo of Anonymous
    Anonymous
    Participant

    @Drakan wrote:

    it is correct.

    Drakan – so you mean it’s correct for a lawyer to charge 1% of ‘Gross’ proeprty price?

  • #59477
    Profile photo of Anonymous
    Anonymous
    Participant

    @Drakan wrote:

    it is correct.

    Drakan – so you mean it’s correct for a lawyer to charge 1% of ‘Gross’ proeprty price?

  • #59693
    Profile photo of Anonymous
    Anonymous
    Participant

    it is 1% of the value of the property, excluding the VAT ofthe house (first purchase) plus 16% professional VAT.

  • #59493
    Profile photo of Anonymous
    Anonymous
    Participant

    it is 1% of the value of the property, excluding the VAT ofthe house (first purchase) plus 16% professional VAT.

  • #59699
    Profile photo of Anonymous
    Anonymous
    Participant

    Dear babes,

    When you agree a fee with your lawyer normally it doesn’t include the vat, unless it was informed or agreed that vat was included.
    The vat is a tax that is always on top of the fees you pay for products you buy or services you get, so the figure that you pay for legal sevices is net for the lawyer, then on top you have to pay the 16% vat.

    I hope this clarifies and helps, regards.

    José María Sánchez Alfonso
    Lawyer / Abogado
    Fuengirola,Málaga
    jmsalfonso@inicia.es

  • #59499
    Profile photo of Anonymous
    Anonymous
    Participant

    Dear babes,

    When you agree a fee with your lawyer normally it doesn’t include the vat, unless it was informed or agreed that vat was included.
    The vat is a tax that is always on top of the fees you pay for products you buy or services you get, so the figure that you pay for legal sevices is net for the lawyer, then on top you have to pay the 16% vat.

    I hope this clarifies and helps, regards.

    José María Sánchez Alfonso
    Lawyer / Abogado
    Fuengirola,Málaga
    jmsalfonso@inicia.es

  • #59750
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks all – we then will need to argue this with him.

  • #59550
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks all – we then will need to argue this with him.

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