Dries
21.08.2026
Spanish abbreviations & terms
UsufructoUsufructo is usufruct: someone has the right to use (and sometimes rent out) the property while another (bare owner) is the legal owner.💡 Tip: Check the Simple Note to see who is a usufructuary and what rights/periods apply (e.g. for life).⚠️ Warning: A property with active usufruct can completely block your use or rent out until the usufruct Read More
Valor catastralThe valor catastral is the cadastral value of a property in the Catastro. It is used as the basis for certain taxes (such as IBI) and administrative calculations.💡 Tip: Ask for a copy of the IBI note (recibo IBI): it usually shows the valor catastral.⚠️ Warning: A revaluation may affect your annual charges, even if your purchase price Read More
Valor de referenciaThe valor de referencia is a government-determined reference value that can be used as a minimum tax base for taxes on purchases (e.g. ITP/AJD), even if your purchase price is lower.💡 Tip: Check the valor de referencia before you buy to avoid surprises in cost of buyer.⚠️ Warning: If your purchase price is lower Read More
Vivienda de Uso Turístico (VUT)A VUT is a property that is registered (legally) for tourist rental according to the rules of the autonomous region.💡 Tip: Always check (1) whether there is a valid registration/licence, (2) whether the community (VME) allows tourist rentals, and (3) which local rules apply.⚠️ Warning: Renting out without correct registration can lead to Read More
VUTFull name:Vivienda de Uso TurísticoShort explanation: Tourist rental property. In many regions, registration/licence is mandatory.⚠️ Warning:Renting out without correct registration can result in fines (rules vary by region and municipality).
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Dries
21.08.2026
Dries
21.08.2026
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