REQUIREMENTS FOR LAND TITLE INVESTIGATION
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 and 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.)
- Copy of Offer to Purchase or any other agreements
- Copy of Survey (if available)
FEES:
For Declared Land (Per Parcel)
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| Land Title Search | US $250.00 |
| General Sales Tax (10%) | US $ 25.00 |
| Total | US $275.00 |
For Undeclared Land (Per Parcel)
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| Land Title Search | US $500.00 |
| General Sales Tax (10%) | US $ 50.00 |
| Total | US $550.00 |
Any additional time other than incidentals above and change of standard agreement will be charged at US $75.00 per hour plus administrative fee and sales tax of 10%.OPTIONAL SERVICES AND FEES:
| Purchase Agreement | US $ 500.00 | |
| Escrow Agreement | US $ 250.00 | |
| 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 $ 500.00 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. |
INTERNATIONAL SERVICES LTD.
PO Box 2284, #16 Albert Hoy Avenue, Belama Phase 1,
BELIZE CITY, BELIZE, CENTRAL AMERICA
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