Property Title Search in Panama
It is important to investigate a property that will be purchased or rented. We offer services to guarantee that our clients are making a safe investment. These services include: property history, liability and encumbrance, etc.
Review of Promise to Sell Contract, Purchase Contract, and Lease Contract
By law, contracts must include specific information regarding the parties, object of the contract, responsibilities, etc. We offer this service to our clients with the purpose of guarantee that our clients rights are protected.
Closing and Registration of the Deed
Once our clients decide to purchase a property they normally subscribe a promise to sell agreement or a purchase contract. We elaborate minutes, deeds and register documents at the Public Registry Office in Panama.
Advice regarding Rights of Possession
In Panama there are several territories considered “rights of possession”. These territories are national properties owned by the government. The property can be acquired through an application for the title, as long as the occupant has a social purpose by developing in favor of the property.
The rights of possession are recognized by Reforma Agraria Directorate and Catastro Directorate.
These rights can be transferred to other parties through the correspondent procedure established by authorities who maintain the administration of these properties.
The clients interested in acquire rights of possession must verify the following: the property right has been given by the local government and the person who is transferring the property is the right holder. Both parties must be present at the moment of the transfer with the authority in charge.
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