Due diligence for Real estate in Nicaragua.




Due diligence for Real estate in Nicaragua.

Nicaragua

What is due diligence for real estate in Nicaragua?

Due diligence is the investigation activities to verify the legal status of a real estate.

What do you want to verify with due diligence for real estate in Nicaragua?

It seeks to verify:
1. The legality of the property title.
2. Know if the property is encumbered.
3. Know if the property is in dispute.
4. Know if the property has debts with the State of Nicaragua or the Municipality.
5. Verify that the location, measurements and boundaries of the property are in accordance with the Land Registry Office, the National and Municipal Cadastre Office.
6. Verify that the purchase title of the property will not have legal inconveniences to be registered.
7. Verify that the seller/owner is the legal and legitimate owner of the real estate.

When should due diligence be performed for a property in Nicaragua?

Due diligence must be performed:
1. Before buying real estate.
2. Before signing a promise to purchase a real estate contract.
3. Before signing a purchase contract in installments of the real estate.
4. Before entering a business related to real estate.
5. When the real estate is coastal to the Sea, lake, lagoons or rivers.


Prepared by Marlon José Blandon Argeñal
Lawyer and Notary Public
Specialist in Real Estate Law & Business Law.

Ubicación: Granada Nicaragua Calle Real Xalteva, Granada, Nicaragua

Comments

  1. UnknownOctober 21, 2019 at 3:43 PM

    He is a great lawyer. His work is very professional and efficient.

    ReplyDelete
  2. UnknownApril 7, 2020 at 2:13 PM

    Excellent information before buying a property. I will contact you.

    ReplyDelete
  3. David L.May 21, 2020 at 10:00 PM

    Marlon Blandón is a great Real estate lawyer. He prepared all the paperwork when I was selling my house in Nicaragua.

    ReplyDelete
  4. stevensandgoldwynOctober 8, 2020 at 4:43 AM

    I read your blog, and I found it a fascinating and useful blog for me. Thanks for sharing this kind of blog here. Keep sharing this. I have bookmarked this blog for further read. commercial litigation attorney Miami

    ReplyDelete
  5. VigneshJuly 18, 2022 at 4:35 AM

    Due diligence company checklistis a potentially expensive exercise for a small amount of money. In other words, you only need to hire a due diligence company when there are a few red flags. A red flag could be something like: the company doesn't have a business plan; the company appears to be operating illegally; there is an unverified credibility claim on the company website; the company is being sued

    ReplyDelete

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