Eviction date (lanzamiento)
The date the court sets to hand possession of the property over to its new owner.
Detailed explanation
The lanzamiento is the last act of the procedure: the court officer attends the property, clears it if necessary and hands over the keys. It is scheduled for a specific date and time, can be suspended where vulnerability is documented — the court refers the case to social services — and is where all the timing uncertainty of buying an occupied asset concentrates.
Practical example
An eviction listed nine months out is suspended once on a social services report and carried out four months later. That delay is thirteen months of carrying cost that had to be in the model from day one.
When it matters
It is the difference between owning a property and owning a document that says you do. No return projection means anything without this date in it.
At Arkos Investor
Where the deal calls for it we work with court agents in the relevant jurisdiction — the only people who can really tell you how the scheduling is going.