Real Estate Law Peru
Buying or selling real estate property in Peru can be a daunting task if not entered into properly and whilst knowing the risks inherent to such a transaction. As a lawyer, I know all too well the dangers involved in the acquisition process, especially with the crafty and talented conmen currently making a very good living out of scamming trusting buyers. In order to explain things more effectively, lets look separately at the process of buying and selling.
If You Are The Buyer:
The greatest risk a buyer gets is that they may be purchasing a finished property the seller has illicitly appropriated for himself and is (if he hasn’t already) selling it to other people at the same time, so in the end you end up in court fighting three or four other buyers for whom has a better right to claim the property as theirs.
The other issue that may arise when buying an unfinished apartment or one that has not even started is that the builder may bail out before the project even begins or when the property is still literally a pile of bricks.
If You Are The Seller:
The risks are less yet they are still there. The risks to you as a buyer are in making sure that due process is being followed across the board and that no underhanded tactics are being employed by the seller to assist in a mutually financially beneficial tax evasion. We assist those who wish to carry on a sale of their property within the margins of the law and not for those who want us to teach them how to avoid paying the taxes they are obliged to pay by law.
In summary, whether you are the buyer or the seller, I cannot urge you enough to retain counsel to walk you through this process. Let the experienced attorneys at MONTEBLANCO & ASSOCIATES work with you in either side of the process and make sure that your investment is safe and that you are complying with everything the law says.