Immovable property Immovable property refers to land, whether unimproved (i.e. vacant) or improved (i.e. land with permanent improvements such as a house). A piece of land and all the permanent improvements constitute a single entity, namely one immovable property. This means that the permanent improvements cannot be sold independently of the land. It is also not possible to transfer ownership in...
transfer costs
Deposit The deposit is an upfront payment, usually between 10% and 20% of the purchase price, but varies from purchaser to purchaser. The transferring attorney is obliged to open a separate trust account for each transaction at the highest possible interest rate. Transfer Fees – payable by the Purchaser This is a general term that encompasses the transferring attorney costs and...