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...

Real Estate Closing Nicaragua. After performing due dili gence , the closing can be performed. The closing is the second step of three in the process of buying a property. What are the obligations of the seller? It is the obligation of the seller / owner of the property to present the following documents in original at the time of closing: 1. Freedom of lien. (Certification issued by the property office stating that the property has no debts, claims or encumbrances.) 2. Property registration history. 3. Municipal solvency. (Real estate taxes updated). 4. Property plan duly approved by the National Cadastre Office. (Updated) 5. The title deed. 6. Identification of the property owner. If the owner of the real estate is a company, it is also the obligation of the seller / owner to submit the following documents in original: 7. Fiscal Solvency. (Company taxes updated with the State). 8. Municipal Solvency. (Company taxes updated with the city). 9. Po...

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...