AFO

Final Act of Work. Document that accredits that the works of a new house have finished and have been carried out in accordance with the project of execution and the previously approved licenses.

API

Real Estate Agent. It is a professional who works in the real estate market and is regulated by Royal Decree 1294/2007. To become a Real Estate Agent it is necessary to have the Official Title issued by the Ministry of Development or to have a university degree.

Aerothermal

High performance system used for the air conditioning of a building. It is based on extracting free energy from the outside air by means of a high efficiency heat pump.

Preliminary project

Set of works prior to the final design of an architectural or engineering work.

Lessor

Homeowner who rents to another person

Lessee

A person who rents a dwelling from a landlord.

Endorser

A person or entity that acts as guarantor in order to guarantee or ensure compliance with the economic obligations contracted by the guarantor.

Record of delivery

A document certifying the delivery of a property to the buyer.

Mortgagee

Entity that grants a loan with mortgage guarantee.

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