Can I rent out my furnished apartment in Castillo Grande?

Rent out my property in Cartagena

Rent out a furnished apartment in Castillo Grande Here is what changes in this sector and what to put in writing before handing the property over.

Yes, and it helps to treat it as a different product. A furnished unit draws a specific audience, people arriving for work, for a transfer or for a medium term project who do not want to buy anything, and it tends to sit in a different price band than a bare unit because the owner is contributing goods that wear out. That brings more administration: the list of goods runs longer, replacing what breaks becomes a recurring conversation, and the average resident stays a shorter stretch than someone who brings their own furniture. What belongs in writing is the detail of the furnishings with brands and condition, who replaces what when something fails, what happens with items the resident wants removed or stored, and whether any service is included. The frequent stumble is furnishing with leftovers from the family home, mismatched pieces and appliances about to quit, then holding out for the price of a properly equipped place. If you do furnish, keep it plain and durable. What works for any given unit depends on its area, its condition and the figure asked.

What Castillo Grande is, and what changes there

In Castillogrande the typical deal is not a unit in a condominium but a house and its lot, which puts the weight of the file back on the chain of title to the land: you climb through the deeds to the parcelación, the original subdivision that created the block, because those platting deeds registered conditions, setbacks and easements that still bind and that are invisible from the street. There is no building manager to issue a paz y salvo, a no-arrears certificate, and no assembly to settle anything, so boundary questions with a neighbor are argued between private parties and what governs is the title and the survey, not a set of house rules. The counterparty is usually an old city family and, fairly often, a family company that owns the property: then you must decide whether to buy the real estate or the company's shares, two different transactions with different paperwork and different exposure, and request the certificado de existencia y representación, the corporate good-standing and signing-authority certificate, together with the resolution approving the sale. And because the neighborhood is fully built out, any construction is permitted on an already developed lot, with neighbors entitled to take part in the proceeding.

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 notaría will accept is a question for that notaría and for the Cancillería before you pay for a translation. Visas and the cédula de extranjería, 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.

Back to Rent out my property in Cartagena