Implementation of New Land Registry Law

The new Land Registry Law #168=05 was put in effect last week, on April 4, 2007. The Supreme Court, however, delayed the applications of certain very important provisions of the law, such as, the new additional registry tax of 2%and the prohibition of recording sales of properties without deslindes.

The 2% will come into effect sometime in the near future upon creation of the Indemnity Fund, a kind of government title insurance.

Deeds of Sale of "undeslinded" properties executed before April 4, 2007 will be permitted to be recorded until April 4, 2009. For sales executed on April 4, 2007 or later, only one conveyance per ?undeslinded? property will be permitted provided that the entire property is being transferred. This means that if you have a 10,000 M2 property without a deslinde, you may be able to sell the whole property but not a portion thereof.

I?ll be sending Robert next week a new overview on land purchases in the DR to replace the sticky post on that subject found above.

Existing condos are exempted from the prohibition.

For sales executed on April 4, 2007 or later, only one conveyance per ?undeslinded? property will be permitted provided that the entire property is transferred. Sales of portions will not be allowed.

Sharon Ann and nathalie.b,

You won't be able to buy and transfer to yourselves the properties you mention until the owners do deslindes.

You will be able to sell your 6000 m2 as a whole in one sale.

You'll have to subdivide the properties into four lots before you can provide buyers with a title.