Saturday, April 7, 2012

Buying Property in Jamaica | How To Buy a House in Jamaica

Buying Property in Jamaica | How To Buy a House in Jamaica: "How difficult is the property purchase process in Jamaica?
There are no restrictions on foreign ownership of property.


In purchasing property the first step is to make an offer. Upon acceptance by the vendor, a land survey and title search is conducted to confirm if there are any other claims or conflicting interests registered against the property. Once fully satisfied, the buyer is advised to lodge a caveat on the property to prohibit any other interest from being registered against the property, until transfer has been completed.


There are two kinds of land titles in Jamaica. A common law title is a certificate of ownership used for unregistered lands. However, this is not a full title to the land. Nonetheless, a common law title can be upgraded to a registered title. This registered title is both legal and official. The Registration of Titles Act stipulates that the original must be retained at the Office of Land and Titles, while a duplicate is provided to the proprietor."

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