Legal services when buying real estate in the Dominican Republic.
Secure your dream property in the Dominican Republic with expert legal guidance from experienced real estate attorneys. We connect you with firms that provide comprehensive legal services to ensure a smooth, secure, and compliant real estate transaction.
What does your lawyer do for you?
Due diligence:
Before proceeding to the signing of any contracts, your lawyer will perform the necessary due diligence on the property of interest. This includes verifying that the person selling the property has the right to sell it and that there are no liens or encumbrances of any kind on the property that can negatively impact you as the buyer. This could include taxes owed or opposition to ownership registered against the title.
Contracts:
Once the due diligence is completed, your lawyer will assist you with the contract, whether a conditional (promise) contract if buying pre-construction, or a final purchase contract if buying existing construction. Your lawyer will explain the contract in light of Dominican law as well as local common practices, all in your spoken language. Additionally, your lawyer can assist you in negotiating the particulars of the contract with the sellers.
Immigration:
Dominican law allows for a special residency for foreigners who invest over 200,000 US in real estate. Your lawyer can assist you with this process if you plan to live here part-time or permanently. There may be tax advantages to living in the DR more than six months of the year. Ask your lawyer about the advantages for you.
Why do you need legal services when buying real estate in the Dominican Republic?
When purchasing real estate in the Dominican Republic, legal services are an absolute necessity to ensure the safety and security of your investment. Unlike many other countries, the Dominican Republic does not have a system of title companies or title insurance in place. This means that there is no third-party entity responsible for verifying the ownership and clear title of a property. So how can you guarantee that your purchase is safe? You hire a real estate lawyer.
How can I choose a good lawyer?
After years of working with a variety of lawyers in the Punta Cana area, it has become clear which lawyers truly care about providing the best service and protecting the interests of the buyers. We can say with conviction that this is one of the most important considerations in the buying process.
We will be happy to share with you what has been the experience of our many buyers so you can make the right choice.
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