For foreigners there are no restrictions in the local laws in force for the acquisition of any property. Our agency will help you correctly, in accordance with applicable law to carry out the purchase of real estate in the Dominican Republic.
After negotiating the price, is made `Agreement on the purchase intentions', which is signed by the seller and buyer.
The next step is a deposit by the buyer (usually at a rate of 10% of property value) is stored in a special account of the lawyer deposited.
Deal with any purchase of real estate by using the services of a lawyer.
To check the property, the seller must provide the buyer or his solicitor representing the following documents:
• A copy of the title to the property.
• Surveying the plan on the property.
• A copy of the document the individual property owner.
• A copy of the documents on payment of property tax from the Tax Committee, or a copy of the certificate, notify the tax exemption on the property.
If the seller - the company:
• A copy of the constituent documents of the company, the Charter, the Resolution on the sale.
• Certificate of the Department of State. Fees to pay all required taxes.
If the property is a part of the condominium:
• A copy of the Declaration of Condominium
• A copy of the Regulations of the Condominiums
• A copy of the certified construction plans
• Certificate for payment of all condominium fees from the seller
• Copies of the minutes of the last three meetings of the condominium.
If the property - the house:
• A copy of the certified construction plans.
• Inventory.
• Copies of service contracts and receipts for their payment.
These documents are checked by counsel as to their legitimacy and authenticity.
 Additional expenses you must pay a one-time tax for the renewal of the title to your name in 3% of the purchase price. Employment lawyers are usually paid at a rate of 1% .0 Usually, all additional costs for re-registration is around 5% .0
 Expenditure on the real estate maintenance costs in residential apartments in the $ 100-200
month.
Villas - from 150 to 3000 dollars a month. |
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Buy real estate - Dominican Republic