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GENERAL:
Before purchasing property in Belize, Buyers are advised to conduct a land title investigation to ensure that the property:
- is indeed in the name of the person selling
- is free from liens, mortgages and encumbrances
- that the property tax has been fully paid up to date
- that the property is not engaged in any legal conflicts.
REQUIREMENTS:
-
Full name and address of the Seller
-
Lawful Description of Property
-
Copy of Title (Conveyance, Land Certificate, Certificate of title, etc.)
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Copy of Offer to Purchase or any other agreements
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Copy of Survey (if available)
- Copy of property tax statement/receipt (if available)
Documents To be Received by Client:
- Written report of investigation
- Copy of updated property tax statement
- Copy of plan of survey
FEES:
For Declared Land (Per Parcel)
| Land Title Search |
US $250.00 |
| General Sales Tax (10%) |
US $ 25.00 |
Total |
US $275.00 |
For Undeclared Land (Per Parcel)
| Land Title Search |
US $500.00 |
| General Sales Tax (10%) |
US $ 50.00 |
Total |
US $550.00 |
Any additional time other than incidentals above will be charged at US $75.00 per hour plus administrative fee and general sales tax of 10%.
Optional Services and Fees:
| Purchase Agreement |
US |
$500.00 |
| Escrow Agreement |
US |
$250.00 |
| Escrow Services |
US |
$250.00 (For properties that cost US $50,000. or less) |
| Escrow Services |
US |
$500.00 (For properties that cost US $100,000. or less) |
| Escrow Services |
US |
$1,000.00 (For properties that cost between US $100,001. and US$200,000) |
| Escrow Services |
US |
$2,000.00 (For properties that cost between US $200,001. and US $500,000) |
| Escrow Services |
½ % of the value (For properties that cost more than US $500,001.) Complete follow up of transactions US $500.00 |
| Charge |
US |
$150.00 |
| Discharge of Charge |
US |
$150.00 |
| Mortgage |
US |
$500.00 |
| Cancellation of Mortgage |
US |
$250.00 |
| Transfer of Title for Declared Land |
US |
$250.00 |
| Transfer of Title for Undeclared Land |
US |
$500.00 |
| Strata Title for Condominiums |
US |
$850.00 per unit |
| Review of contract for recommendations |
US |
$500.00 minimum or ½% (whichever is greater) |
Plus general sales tax, administrative fees and filing fees.
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