Real Estate Lawyer Nicaragua

  NICARAGUA Why is it important to verify the measurements and boundaries of a Real Estate before buying it? It is important for: 1. Avoid legal problems with neighbors. 2. Find out if there are already legal problems with the neighbors. 3. To be able to register and legalize the purchase title, otherwise it will be rejected by the competent authorities. 4. Avoid additional expenses. What institutions are visited to verify the measurements and boundaries? Once we obtain the information on the property that you want to buy, you must review the seller's title and compare the information reflected in the following offices: 1. At the National Land Registry office. 2. In the Municipal Land Registry Office of the Mayor's Office. 3. At the Real Estate Registry office. What is the procedure to follow in the event of finding inconsistencies in the area and boundaries? In the case of finding inconsistencies in the measures and / or boundaries, these can be resolve...

  Border properties. Nicaragua. When can a Border Real Estate be acquired by a foreigner? According to law 749 "Law of Legal Regime of Borders" the border territory is classified into three border areas: 1. Border Development and Integration Zone: it is the area of the national territory, comprised from the conventional border limit and fifteen kilometers (15 km) into the interior of the national territory. 2. Border Security Zone: it is the inalienable area of the State of Nicaragua, comprised from the conventional border limit and five kilometers (5 km) into the interior of the national territory, and that in accordance with this Law is subject to a special regime. 3. Special Border Protection Zone: it is the area of the State of Nicaragua, understood from the conventional border limit and fifteen kilometers (15 km) into the national territory, in which there are indistinctly protected areas, indigenous peoples, communities ethnic and Afro-descendants or strategic...

Measures, markers and boundaries of real estate in Nicaragua. Measures, markers and boundaries of real estate in Nicaragua. Why is it important to verify measures, markers and boundaries before buying a real estate in Nicaragua? It is important to verify the measures, markers and boundaries for these reasons: 1.  For historical reasons: Due to the confiscation of the properties made in the 80s, many properties do not have a clear and legal title. Its measures, markers and boundaries are not updated. 2.  For  registration reasons: The buyer must verify the measures, markers and boundaries before buying the real estate, because if there is any difference between them, the buyer will not be able to register the purchase title of the property. If there is any difference in the measure, markers and boundaries can be repaired, modified and updated by administrative or judicial way. The way to repair, modify and update the measures, markers and boundari...

Valuations of real estate in Nicaragua.                                            Valuations of real estate in Nicaragua. In Nicaragua we can find different types of valuations for real estate: The Fiscal valuation carried out by the Municipality where the property is located. The Fiscal valuation carried out by the State of Nicaragua through its dependencies. Market valuation carried out by an authorized and accredited company, especially for real estate valuations. These types of companies must have a government accreditation to perform these assessments. Each of the valuations are different, the valuation amounts do not match. The Municipal valuation is the lowest of all. The valuation of the State of Nicaragua is average, but it is not very high, but it is not adjusted to reality. Market valuation is the most accurate valuation at its real price. ...

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: ...