| The planned communities of Belize have fancied | | | | your property. Make sure that the Title you want |
| everybody's imagination. In the same way, the property | | | | reflects your purchase accurately. |
| laws of Belize will surely live up to your expectations. | | | | Fill Your Form |
| They would not pose a hindrance for you in acquiring | | | | The Sale and Purchase Agreement is to inform you |
| your property. Let's just go through the property laws | | | | about the authenticity of the land transfer process. The |
| of Belize in brief before you move on to acquire your | | | | form summarizes your contract details. It should |
| property in the paradise of Belize. | | | | contain: |
| Simple Legal Conventions | | | | - The names and addresses of the parties. |
| Title of your land is a formal document that serves as | | | | - If there is more than one purchaser, the manner in |
| the evidence of ownership. The land in Belize is | | | | which the purchasers will have a share in the property. |
| broadly classified into two categories: Undeclared Land: | | | | - Purchase prices clearly mentioned in figures and |
| Transaction done for these lands need to be | | | | words. |
| registered at Titles registry located in Belmopan (Cayo | | | | - The location and parcel or registry numbers of the |
| District). Declared land: Transaction done for these | | | | Title. |
| lands need to be registered at Land Registry located in | | | | - The deposit amount that is required from the |
| Belmopan (Cayo District). | | | | purchaser. |
| Get Your Title | | | | - A specific time is stated in the agreement for the |
| The 3 different ways to acquire title to freehold | | | | purchaser to complete the transaction. |
| property in Belize are: | | | | After all this, the Transfer exercise is wound up to the |
| · Deed of Conveyance: Deed of Conveyance | | | | below three activities. |
| gives a registered right to ownership of property. A | | | | · Procuring the original Land Title. |
| Certificate of Title can be procured from ownership of | | | | · Discharging the mortgage or discharge of a |
| conveyance through application for first registration. | | | | charge. |
| · A Transfer of Certificate: This secured form | | | | · Recording or registration fees and stamp |
| of ownership is a physical title to a particular parcel of | | | | duty. |
| land. A bit costly and time consuming but much | | | | A minimum out of your pocket: |
| secured. | | | | · While going through all the above processes, |
| · A Land Certificate: A Land Certificate is an | | | | you have to bear a few expenses which the Belize |
| absolute title which applies to property dealings in new | | | | Government has tried its best to keep as low as |
| or specially designated areas. | | | | possible. |
| On To Property Transfer Exercise | | | | · The purchaser has to bear minimum costs |
| After getting the feel of the legal conventions involved, | | | | for property recordings, registration, leases, mortgages |
| it is time for action. The purchase exercise in Belize is | | | | and miscellaneous charges. 5% of the declared |
| not tedious! | | | | purchase price is to be paid as stamp duty. The |
| - To speed up the transfer process you would | | | | registration fee is 15 Belize dollars for the Title |
| typically have a Sale and Purchase Agreement | | | | document. |
| Contract. These documents do not play a major part | | | | There are very few hassles while dealing with |
| in the transfer process but they help you to be sure | | | | property laws of Belize. Every term and convention is |
| that your transfer process is secured. | | | | penned to provide a smooth flow to transfer land and |
| - After this roll over to the Lands Title office in | | | | property. You are sure to have a smooth ride while |
| Belmopan to carry out the Title search services of | | | | acquiring a property in the wonderful country Belize. |
| your property. If you have approached a real estate | | | | Always deal with a reputable Belize real estate |
| agent, they will carry out this exercise for you. Here | | | | developer with a proven track record. |
| you will get access to all the information regarding to | | | | |