The real estate purchase contract in Colombia is a legal agreement between a buyer and a seller that establishes the terms and conditions for the transfer of ownership of real estate, such as a house, an apartment, a piece of land, etc. This contract is one of the most important documents in a real estate […]
Purchase and sale of real estate: Requirements and step-by-step instructions Read More »
Change or update of property tax title holder in Medellín Property tax in Colombia is a local tax levied on real estate property, i.e., real estate such as land, houses, apartments, commercial premises, among others. It is a municipal tax levied annually and its collection is the responsibility of local administrations, such as mayors’ offices
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Subleasing of properties by platforms In Colombia, in the case of a property used for urban housing, the law establishes that the lessee is prohibited from subleasing, unless the lessor expressly authorizes or indicates this possibility in the lease contract. In the event of sublease without such express authorization, the lessor may unilaterally terminate the
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Vacation rental licenses in Colombia are an important issue in the hospitality and tourism industry. These licenses are required in order to be able to offer accommodation in private homes, either on a short or long-term basis. Housing for the provision of tourist services must be registered with the National Tourism Registry. Registration is a
What are the requirements for construction licenses? According to the Ministry of Housing, City and Territory, construction licenses are “prior authorizations to develop buildings, circulation areas and communal areas in one or several properties”. The construction licenses shall specifically specify the uses, buildability, volume, accessibility and other technical aspects approved for the respective building.” These
Real estate is one of the main assets that both an individual and a legal entity can have. That is why, depending on each country, there are clear regulations governing their construction, purchase and sale. If you have doubts about how does real estate law work in Colombia? Visit Legal Service we share with you
What does the procedure consist of? Obtaining construction licenses is a necessary process to build, remodel or expand a building or construction in Colombia. This process is mainly regulated by Law 388 of 1997 and Decree 1077 of 2015, in addition to particular rules specific to each municipality. Failure to comply with building permit rules
What does it consist of? The property tax holder update procedure consists of modifying the information of the owner or holder of the property tax of a property, in the corresponding public and cadastral records. This procedure is necessary when there is a change in the ownership of the property due to sale, donation, inheritance,
Title Study in Colombia The title search is an essential process that must be done prior to the purchase of real estate. It is mainly regulated by Law 675 of 2001, also known as the Horizontal Property Law, but there are also other rules and decrees that regulate it. It consists of reviewing the legal
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