The legal regulations for selling property are fairly specific, but it is always advised that a qualified legal professional helps you through every process.
Before you place your property on the market, you will need to make sure that any plans in the local Town Hall specifically match the existing construction of your property. You will also need to make sure that all relevant documents are available and up-to-date, and pay off any outstanding charges on the property. The legal documents required include:
- A copy of your identity card or passport
- Property registration certificate (Certidão de Registo Predial); this is issued by the Land Registry department, and states who the property is legally registered to, the location and the description of the property.
- Finance department registration (Certidão de Teor); this is issued by the finance department and includes a description of the property, its plot size and its fiscal value
- Habitation Licence; this is issued by the Town Council and confirms that the property was built according to local council plans and specifications
- 5 years’ invoices of IMI; these are issued by the finance department.
- Previous month invoices for utilities
- Copy of Purchasing Deed
- Borehole licence
- Copy of Energy Performance Certificate
Additionally, if the property is in a rural location, you will also need the most up-to-date version of the ‘Caderneta Rustica’; this is also available from the tax office.
Every Town Hall and tax office will have their own interpretation of the selling laws and regulations, so you must make sure you are up-to-date on these before you put the property on the market.
Commission on properties is usually paid by the seller, so it is quite common for properties to be put on the market including this percentage.