Rent out my property in Cartagena
Rent out my apartment in Serena del Mar Here is what changes in this sector and what to put in writing before handing the property over.
Renting out an apartment for a year or longer starts with looking at it the way someone who will actually live there will: floors, bathrooms, kitchen, any sign of moisture, and whether the air conditioning really works. The next front is the building itself, because life in a condominium runs on rules: dues paid up, internal regulations, parking and common area use, moving hours. Only then come pricing, promotion and choosing the occupant, and the written agreement and physical handover come last. Put in writing the list of whatever stays inside, the condition it is received in, who covers building dues and utilities, and the channel the two sides will use to talk. The most common slip is assuming the building will accept any use or any number of residents, and handing over keys with no report and no photographs. Pre inspection also gets skipped: one leak or one tired water heater turns into an argument by the second month. Outcomes depend on the unit, the sector and the asking price, so no timeline can be promised. In Cartagena, Dimare Collection walks owners through this, and legal matters sit with Nisimblat Law.
What Serena del Mar is, and what changes there
Serena del Mar runs on rules of its own. The land is developed under a plan parcial, a master plan adopted by District decree, and that decree, not a general reading of the POT, the city land-use plan, is what sets uses, land transfers to the city and development obligations for a given lot. So the document to request here is the adopting decree with its drawings; the land-use certificate that serves in a settled neighborhood is not enough. The second difference is a layer of private government that exists nowhere else: the ciudadela, the master community, has its own statutes, an architectural committee and design rules governing façades, fences and renovations, and those rules follow the property on resale, binding a buyer who never negotiated them. The third is the counterparty: you usually deal with the developer or with a fiduciaria, a trust company, administering the stages, and the unit's registry record descends from a very large parent parcel subdivided in phases, so title is verified upward, to the matriz, the parent record, and to the deeds transferring land to the District. Infrastructure was built by the developer: what matters is whether it has been handed over to the utility or is still privately held.
Want to rent out your property in Serena del Mar?
We will explain how we select the tenant and what goes in writing before the property is handed over.
American buyer
Moving the money is not a formality. Funds leaving a US account have to enter Colombia through the regulated foreign-exchange market with a declaración de cambio, the exchange declaration, and the Banco de la República is the body that explains how the operation is recorded as foreign investment and in whose name, because whoever sends the money and whoever appears on the escritura, the deed, must be the same person or the same company. Signing from abroad has two routes that are not interchangeable: a poder, a power of attorney, granted before a Colombian consul where you live, or one granted before a notary public and then apostilled. Which one the Cartagena notarÃa will accept is a question for that notarÃa and for the CancillerÃa before you pay for a translation. Visas and the cédula de extranjerÃa, the foreigner ID card, are a separate matter from the purchase and belong to Migración Colombia: buying does not stand in for the immigration process, nor the reverse. On tax, the question to settle is whether a treaty exists between Colombia and your country and what it says about rental income and about ganancia ocasional, the gain taxed on sale. Confirm that with an accountant in each country, not with the seller.
The next step
Write to us with what you are looking for and we will send you what is available. Availability, price and the terms of each property are confirmed before any offer.
Want to rent out your property in Serena del Mar?
We will explain how we select the tenant and what goes in writing before the property is handed over.