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titles land #537627
08/04/19 03:09 PM
08/04/19 03:09 PM
Joined: Dec 2004
Posts: 49
tampa,fl.
boricua Offline OP
.
boricua  Offline OP
I will be selling a property in habaneros shortly, been advised need new type of title, why is that?

Re: titles land [Re: boricua] #537628
08/04/19 08:50 PM
08/04/19 08:50 PM
Joined: May 2000
Posts: 6,830
San Pedro Town, Ambergris Caye...
Amanda Syme Offline

.
Amanda Syme  Offline
If you have the old system title then you land needs to be registered in the new title system. This is referred to as "first registration" and the process these days is taking about 6 months or so. Your title is no technically "marketable" until you undergo the first registration process and have new land certificates issued. Even though you may own the land outright and it is free and clear of liens and encumbrances you cannot transfer the title to a new owner until the first registration process is completed.

This is because the older title system is flawed and open to mistakes. The new system is one parcel of land, one designation number and the original title is required for every transaction and therefore more robust.

Last edited by Amanda Syme; 08/04/19 08:51 PM.
Re: titles land [Re: boricua] #537636
08/05/19 10:54 AM
08/05/19 10:54 AM
Joined: Feb 2019
Posts: 47
Chicago
R
Ridgebackmix Offline
.
Ridgebackmix  Offline
R
We have two land plots that my partner purchased in 2009. We are not selling, but do we need them updated?

Re: titles land [Re: Ridgebackmix] #537640
08/05/19 11:20 AM
08/05/19 11:20 AM
Joined: Oct 2001
Posts: 6,099
San Pedro AC Belize
Diane Campbell Offline
.
Diane Campbell  Offline
Ridgeback - If you have a Title Certificate you don't need to update. If you have a "Deed of Conveyance" you do.


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