Real Estate & Property

Belize’s well-developed tourism industry and competitive pricing makes it a desired locale for locals, resort developers and retirees looking to own a piece of paradise. We have a broad base of experience and provide clients with a wide array of advice related to the planning and development of resorts, condo-hotels and strata titles.  

Buying Property in Belize:

Investing in property is one of the most important decisions made by institutional and individual investors. Protecting such valuable assets require the most comprehensive and effective property management services available. The firm provides services in all types of real estate transactions, from closings for the sale and purchase of individual or corporate holdings,  to representing developers of housing schemes and condominium projects. We also act on behalf of mortgagees and handle matters related to leases for both residential and commercial properties.

Strata Titles Registration Act

The Strata Titles Registration Act, Chapter 196, Laws of Belize provides for the issuance of titles to condominiums. This legislation allows a purchaser to acquire title to their unit and also automatically becomes a member of a Homeowner’s Association (HOA). The HOA by law is the proprietor of all common area in the strata plan and is responsible for its maintenance and upkeep.  The introduction of this title system has however caused concern for purchaser(s) in the following areas:

1. Review of bylaws and restrictions/covenants
2. Homeowner’s fees and its tabulation
3. Management of utilities for each unit; 
4. Revision of Rental Management Agreement (if any)
5. Composition of the Executive Committee of the HOA

We also assist in the registration of a strata plan in accordance with the requirements of the Act and with the preparation of purchase agreements, bylaws and rental management agreements.

Escrow Services

Local and foreign account escrow services form a part of most property purchases nowadays. We serve as a custodian of funds until the time of the Closing Sale of the transaction and in accordance with agreed terms of the parties involved.  The escrowed funds are deposited in a trust account and available once the matter is being concluded.

Other property related services:

1. Review and Preparation of purchase agreements
2. Title investigations [inquiries about liens, charges, mortgages or other encumbrances affecting property]
3. Drafting of property transfer documents and facilitating Closings
4. Inquiries and payment of property tax
5. Facilitating the registration of property transfers
6. Creation of holding companies
7. Procuring services of land appraisers, surveyors etc.
8. Preparation of Discharge of Charge Instruments, review of mortgage instruments and preparation thereof
9. Review and advising on Bylaws
10. Prosecuting and/or defending real-estate based civil litigation