“Cambio de Propiedad” is a Spanish term that translates to “Change of Ownership” in English. It refers to the process of transferring the legal title of an asset, property, or item from one individual or entity to another. This term is commonly used in various contexts, including real estate transactions, vehicle sales, and business ownership transfers.
In real estate, for example, a Cambio de Propiedad involves the formal transfer of a property deed from the seller to the buyer, often requiring legal documentation, signatures, and sometimes the involvement of a notary public. In the context of vehicles, it pertains to the documentation needed to transfer the ownership of a car from the seller to the buyer, which may involve notifying government authorities or registering the change with a department of motor vehicles.
The Cambio de Propiedad serves to establish clear ownership rights and responsibilities, ensuring that the new owner has full legal authority over the asset. Additionally, it can have implications for taxation and liability, as ownership change may affect how taxes are assessed and who is responsible for the asset’s upkeep and legal obligations.
After a series of strategic moves and acquisitions, Saeta Yield, a prominent player in the renewable energy sector, is now under new ownership. Masdar, a state-owned Emirati renewable energy company…