Inheriting Real Estate in Argentina

Inheriting Real Estate in Argentina

 

As a matter of fact, inheriting real estate in Argentina is certainly a complex process. Mainly because it intertwines two very specific fields. First, succession and probate are very bureaucratic processes. In addition, the industry of real estate has its own set of rules, which –in turn- varies according to every province in particular. One general misconception is that contracting the services of a real estate agent would be sufficient to deal with any kind of real estate transaction. However, there are many aspects that exceed the scope of the role of a real estate, and that requires the assistance of an international lawyer specialized in real estate operations.








Our team of highly qualified attorneys can assist you throughout the whole process. For instance, we can help you by drafting a real estate purchase agreement or, if you already have one, we can review it and check if it complies with all the statutory requirements and the real estate regulations. In addition, our services include a title search, in order to make sure that the property is free of any encumbrances, such as liens or burdens. This title search is also very useful since it shows whether it is possible to sell the property. Moreover, if you are thinking about building in your lot, we can help you check if there are zoning rules that may apply to that area.

By law, it is possible to perform several types of inspections: home inspection, pest inspection, chimney inspection, radon test, among others. You should make sure that said inspections are performed by an inspector duly authorized by an official agency.

 

Another important issue is property transfers. In this case, if one or more parties involved in the transaction are corporations, trusts or partnerships, the procedure is not that simple, since it requires specific business planning and legal restrictions. Therefore, only a real estate attorney will be capable to oversee that the terms and conditions of the purchase agreement do not affect the bylaws of the partnership, trust, or corporation. We can also file real estate deeds in the corresponding registry

Inheriting Real Estate in Argentina

Inheriting Real Estate in Argentina

Nevertheless, if you decide to sell the inherited property in Argentina, our team of certified attorneys can assist you through the whole process. For instance, upon agreeing on the purchase price of the property , the buyer would sign a bill of sale (boleto in Spanish), which acts as a guarantee, and then make a down payment, which is generally around 30% of the purchase price. This is usually held in trust by the real estate agent. If the buyer pulls out of the transaction, the down payment cannot be refunded. If the seller backs out, the seller will have to pay the buyer double the amount of the bill of sale. The real estate sale deed (escritura in Spanish) is signed on the date of the closing of the transaction. All payments are settled and the official transfer deed is signed.

 

Taxes applicable in the purchase of property are compulsory and subject to local authorities, such as the provincial and municipal governments. Each of the 23 provinces and the government of Buenos Aires City have the right to determine their own tax laws towards certain economic activities within their jurisdiction.

Inheriting Real Estate in Argentina

These are the main provinces and cities where we operate in Argentina:

Viedma, Ushuaia, Tucumán, Tierra del Fuego, Santiago del Estero, Santa Rosa, Santa Fe, Santa Cruz, San Salvador de Jujuy, San Miguel de Tucumán, San Luis, San Juan, San Fernando del Valle de Catamarca, Salta, Río Negro, Río Gallegos, Resistencia, Rawson, Posadas, Paraná, Neuquén, Misiones, Mendoza, Mar del Plata, La Rioja, La Plata, La Pampa, Jujuy, Formosa, Entre Ríos, Corrientes, Córdoba, Chubut, Chaco, Catamarca, Buenos Aires, Antártida e Islas del Atlántico Sur

Our law firm is capable of carrying out the necessary tasks because is constantly supported by an assorted team of professionals. For example, financial agents, certified tax accountants, auditors, document facilitators, courier service, expat services, database analysts, paralegals, researchers, real estate appraisers, former IRS agents, buyer/seller locators, home and land inspectors, investment planners, mediators, realtors, real property insurance experts, marketing agents, real estate translators, notaries public, soil experts, business advisors, etc.

Inheriting Real Estate in Argentina

We are very proud of our long record of success we have achieved over the years for our real-estate clients. Below you can see a wide range of services we provide throughout Argentina:

listing agreement, agribusiness, land appraisal, material fact, punitive damages, trust funds, agency confirmation provision, agency law disclosure, annual property operating data sheet (APOD), insurance policies, counteroffer, credit reporting agency, debt-to-income (DTI) ratio, chattels, defacing, assessment, eminent domain, equitable indemnity, debris removal insurance policy, equity purchase, land ownership, equity purchase investor, estimate, exclusive agent, fiduciary duty, forecast, further-approval contingency, general duty, easement, good faith deposit, home inspection report (HIR), open listing, owner’s statement, principal disputes, projection, public accommodation, public housing,

right of rescission, transfer disclosure statement (TDS), trust account, trust fund, unknown and unsuspected claims, §1031 transaction, 80-10-10 financing, absorption rate, adjustable rate mortgage (ARM), onsite environmental audit, applicable federal rate, limitation on foreign ownership of rural land, appreciable asset, asset price inflation, bona fide purchaser, buyer purchasing power, buy-to-let investment, environmental issues, capitalization rate (cap rate), encumbrances, liens, fencing and boundary issues, commodities, land survey, competitive advantage, construction starts, consumer price index (CPI), cost of funds index, creditworthiness, debt overhang, discount rate, dis-saving, diversification, end user, energy audit,

fair market value, financial accelerator, water rights, flipping, soil analysis, leasing agreements, forbearance agreement, hit-and-run buyers, loan payments, illiquid asset, flood insurance, mortgage loan, implicit rent, income approach, installment sale, invested capital, investor, National Registry of Rural Lands, leveraging, homestead, farm utilities, loan-to-value ratio (LTV), long-term rate, pipeline easements, mortgage-backed bond, net operating income (NOI), utility expenses, notice of default (NOD), operating costs, price tier, prime offer rate, property appreciation, put option, qualified mortgage, revenue forecasts, real estate investment trust (REIT), real estate owned property (REO), return on investment, shareowners, syndication, zoning

 

Argentina inheritance Attorney Lawyer

Argentina inheritance Attorney Lawyer

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