Real Estate and Condominium Law

real-estate

Guzmán Ariza’s real estate department is unsurpassed in its skill, experience and geographical reach. With eight offices throughout the island, we advise more clients in more transactions and locations than any other law firm in the Dominican Republic. Our top-ranked department works as a cohesive team with other disciplines, including tax, financing, environment, and litigation to ensure that all issues that could impact a transaction are properly and thoroughly addressed.

Our name partner, Fabio J. Guzman Ariza, has published the only annotated version of the Dominican real estate statute: Ley 108-05 de registro inmobiliario, comentada, anotada y concordada con sus reglamentos. He is also the leading authority in the country in the field of condominium law, and has published the only annotated version of the Dominican condominium statute: Ley 5038 de 1958 sobre condominios, comentada, anotada y concordada con la ley 108-05 de registro inmobiliario, con su formulario.

In addition, it is important to note that most real estate transactions, especially in the tourism industry, take place in regions far away from the country’s capital city of Santo Domingo, which is not a major tourist destination. For this reason, the fact that we have offices in Santo Domingo and in every developed tourist destination – where they are generally the largest – give us a decisive competitive advantage over other firms, since we can provide clients in those regions with more cost-efficient and timely service than our competitors, not to mention that our lawyers are abreast of many local issues ignored by our colleagues in other firms.

Our capabilities span all aspects of the real estate industry, including the following:

  • Due diligence
  • Purchase and sale of commercial and residential properties
  • Purchase and sale of developments and hotels
  • Financing
  • Condominiums and Homeowner Associations
  • Tax incentives for real estate developments
  • Land use regulation
  • Environmental feasibility
  • Rental / lease agreements
  • Brokerage arrangements
  • Timeshare projects
  • Condominiums and owners’ associations
  • Foreclosures and evictions
  • Real estate-related litigation
  • REITs
  • Title insurance
  • Boundaries, easements and rights of way
  • Mortgages
  • Liens
  • Construction contracts
  • Expropriation (eminent domain)
  • Property management

For more information, go to our publications on Real Estate and Condominiums.