How to buy or sell a property when you are outside of Nicaragua?

 

How to buy or sell a property when you are outside of Nicaragua?

To sell or buy real estate when you are outside of Nicaragua you can do it through a Power of Attorney (POA). This POA has to be granted to the person you trust and who will carry out the sale / purchase process.

The POA must be signed by you personally before a Nicaraguan Notary Public in the Spanish language.

What happens if you are outside of Nicaragua to grant the POA?

When you are outside Nicaraguan territory, you have to grant the POA in one of these two ways:

1. In the Nicaraguan Consulate or before the Ambassador with consular functions of the country in which you are. Then the POA has to be sent to Nicaragua for its due legalization.

2. The POA can be made by a Notary of the country in which you are residing and then it must be Apostilled by the Secretary of State, depending on the State you are in the US and in other countries such as FRANCE it must be apostilled by the Court of Appeals, but in other countries it must be apostilled by the Foreign Relations offices.

What language does the POA have to be in for it to work?

The POA can be done in any language, but it must be translated into Spanish to be used and work in Nicaragua. Translation can be done in Nicaragua.

Legal advice:

Before carrying out the POA outside of Nicaragua, you must ask your lawyer or real estate agent for a valid draft of a POA for Nicaragua.


Prepared by Marlon José Blandón Argeñal.

Lawyer specialized in Real Estate and Business Law

(505) 88653362

Ubicación: Granada Nicaragua Granada, Nicaragua

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