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[email protected] Sébastien Picart y Manoj Chatlani+507 610 947 16
PANAMA LAW FIRM
PANAMA REAL ESTATE LAWS
PANAMA LAW FIRM
[email protected] Sébastien Picart y Manoj Chatlani+507 610 947 16
PANAMA - REAL ESTATE LAWS •CONSTITUTION Article 44 of the National Constitution of the Republic of Panama: "It is granted the private property acquired according to the Law by natural or juridical persons". •CIVIL CODE •AGRARIAN CODE •FISCAL CODE (PROPERTY TAX) •HORIZONTAL PROPERTY LAW •MINISTRY OF HOUSING LAW •LEASE (PROPERTY RENTAL) LAW •ANATI (PROPERTY TITLE GOV.)
PANAMA LAW FIRM
[email protected] Sébastien Picart y Manoj Chatlani+507 610 947 16
PANAMA - REAL ESTATE LAWS Government Institutes:
1. NOTARY: Public Deed draft
2. PUBLIC REGISTRY: Properties Registration, assign a "Finca" number Registration System through the History:
Big Books (Tomos): Microfilm: Scanner: 2. Finca, Tomo, Folio 2. Finca, Rollo, Imagen 3. Finca,
documento
3. ANATI: Property Taxes Payment of Property Taxes: Calcullation: by year divided in 3 installments: by April 30th, August 31st, and December 31st
PANAMA LAW FIRM
[email protected] Sébastien Picart y Manoj Chatlani+507 610 947 16
PANAMA - REAL ESTATE LAWS LEGAL DOCUMENTS EXAMPLE: 1. Title Deed:
PANAMA - REAL ESTATE LAWS LEGAL DOCUMENTS EXAMPLE: 2. Survey:
PANAMA LAW FIRM
[email protected] Sébastien Picart y Manoj Chatlani+507 610 947 16
PANAMA - REAL ESTATE LAWS LEGAL DOCUMENTS EXAMPLE: 3. Property Tax Statement - MEF
PANAMA LAW FIRM
[email protected] Sébastien Picart y Manoj Chatlani+507 610 947 16
PANAMA - REAL ESTATE LAWS LEGAL DOCUMENTS EXAMPLE: 4. Property Tax Good Standing Certificate - MEF
PANAMA LAW FIRM
[email protected] Sébastien Picart y Manoj Chatlani+507 610 947 16
DESCRIPTION: TITLE PROPERTY: RIGHTS OF POSSESSION:
1. Ownership Private ownership Owner is the Government Only possession can be acquired
2. Government Public Registry Any Government Institute Registration can Certify: Anati, Mayor
(Alcalde), Chief of Police
3. Necessary Title Deed Physical occupation, ROP requirement (registration) Certification, good faith,...
PANAMA - REAL ESTATE LAWS TITLE PROPERTY -vs- RIGHTS OF POSSESSION:
PANAMA LAW FIRM
[email protected] Sébastien Picart y Manoj Chatlani+507 610 947 16
NEW or USED: 1. Home (House): Pre-Construction -vs- Used 2. Apartment: Pre-Construction -vs- Used 3. Land: Small Lot -vs- Hectares of Land
With Furniture -vs- Without Furniture
PANAMA - REAL ESTATE LAWS PROPERTIES OPTIONS:
PANAMA LAW FIRM
[email protected] Sébastien Picart y Manoj Chatlani+507 610 947 16
