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DID YOU KNOW?

Did you know the difference between immovable property and movable property?

When buying a property, you can buy immovable property and movable property. Both properties need to be explicitly registered in the purchase agreement.

Immovable property is something that is not possible to move, it’s long-lasting and connected to the ground. Immovable properties are registered goods. This means you can only become the owner when the estate has been listed in the public register, (the Kadaster).

Movable properties can be defined as everything that doesn’t belong to an estate.
These cases are not obliged to be registered. There are two exceptions, which are boats and airplanes. The transfer of ownership for these cases must be registered at the Kadaster.

Source: Caribbean Homes 

Published by Century21 on . Last Updated .

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