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
- that the property is not engaged in any legal conflicts
- Includes a judgment search to ensure that no court order is registered against the land
- Includes company search (if applicable) to verify the director/secretary of the company
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)
- Copy of property tax stamen/receipt, if available
- Copy of picture ID with Seller’s signature
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 $500.00 |
| General Sales Tax (12.5%) | US $ 62.50 |
| Total | US $562.50 |
For Undeclared Land (Per Parcel)
| |
| Land Title Search | US $700.00 |
| General Sales Tax (12.5%) | US $ 87.50 |
| Total | US $787.50 |
Any additional time other than incidentals above will be charged at US $75.00 per hour plus administrative fee and general sales tax of 12.5%.
OPTIONAL SERVICES AND FEES:
| Title Search for Declared Land | US $ 500.00 | |
| Title Search for Undeclared Land | US $ 700.00 | |
| Purchase Agreement | US $ 500.00 | |
| Purchase Agreement with
Owner’s Financing
| US $ 1000.00 | |
| 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 | 1/2% of the value | (For properties that cost more than US $500,001.) |
| Charge on property | US $ 250.00 | |
| Discharge of Charge | US $ 250.00 | |
| Mortgage | US $ 1,000.00 | |
| Cancellation of Mortgage | US $ 500.00 | |
| Transfer of Title for Declared Land | US $ 550.00 | |
| Transfer of Title for Undeclared Land | US $ 750.00 | |
| Transfer of Title with Covenants | US $ 1,050.00 | |
| Strata Title for Condominiums | US $ 1,000.00 | per unit |
| First Registration for declared land | US $350.00 | (does not include title search and survey fee) |
| Payment of property taxes | US $100.00 | per lot per year |
| Review of contract for recommendations | US $ 500.00 | minimum or 1/2% (whichever is greater) |
| | | |
| Plus General Sales Tax of 12.5%, 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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