Land Purchase Checklist

Belize Land Purchase Checklist

1. Research & Planning

• Decide on the purpose of the land (residential, commercial, agricultural, investment).
• Choose a location based on access, infrastructure, and development potential.
• Check zoning laws and future development plans for the area.

2. Land Verification & Due Diligence

• Confirm ownership by conducting a title search at the Belize Lands Department.
• Ensure the land has a clear title (Torrens Title is preferred).
• Verify if the land has any liens, disputes, or unpaid taxes.
• Check that the land is not in a protected area with environmental restrictions.
• Make sure the land is unoccupied to avoid squatters’ rights issues.

3. Legal & Professional Assistance

• Hire a Belizean real estate attorney to oversee the transaction.
• Work with a licensed real estate agent if needed.
• If the land is undeveloped, consult a surveyor to confirm boundaries.

4. Financial & Payment Considerations

• Negotiate the purchase price and terms with the seller.
• Consider using an escrow service instead of direct cash payments.
• Check the stamp duty (transfer tax), which is five percent for foreigners after the first $10,000 BZD exemption.
• Factor in legal fees, registration costs, and survey fees.

5. Land Inspection & Infrastructure

• Visit the land in person before purchasing.
• Check for road access, water supply, electricity, and internet availability.
• Verify if any environmental impact assessments are required.
• If building, check for permits and local building regulations.

6. Completing the Purchase

• Sign the Agreement of Sale and pay the deposit if applicable.
• Ensure the attorney registers the title with the Belize Lands Department.
• Pay the remaining balance after the land transfer is confirmed.
• Collect all official documents, including the Title, Purchase Agreement, and Tax Receipts.

7. Post-Purchase Responsibilities

• Pay annual property taxes, which are typically one to one and a half percent of the land’s value.
• Consider insuring the property against natural disasters.
• Maintain ownership records and store title documents securely.