Rent out my property in Cartagena
Repairs in a rental property in Morros Ultra Here is what changes in this sector and what to put in writing before handing the property over.
In practice repairs get argued on three levels. Structural matters and whatever belongs to the property itself, such as the roof, embedded lines, walls and equipment that was already there, tend to land on the owner side. Daily wear, consumables such as bulbs or filters, and any damage caused by whoever lives there tend to land on the resident side. Between them sits a gray band of periodic servicing, air conditioning units, pumps and drain clearing, where nearly all conflict is born from nothing having been defined. So it pays to settle at the start who performs each service, how often, who funds it, how a fault is reported and through what channel, and what happens if the resident arranges a repair on their own. Which duties actually fall on each side, and the limits of what may be agreed, are worth confirming with a lawyer before signing. The commonest error is improvising every incident over text messages, with no record, until goodwill curdles. Nisimblat Law clears up those legal doubts.
What Morros Ultra is, and what changes there
Morros Ultra belongs to the group of residential developments along the Morros and Manzanillo corridor, the coastal band reached from the Anillo Vial north of the city. Read as a product rather than as a brand, it sits in the category of gated complexes where what is acquired is a unit under the condominium regime: common areas held collectively, internal services run privately, and an assembly deciding the budget and the house rules. A decision here therefore turns on the building rather than on the ground beneath it, and on how this complex compares with the others nearby in terms of scale, how far it sits from the water and what the shared areas actually consist of. Its features, the point it has reached in construction and what might be offered inside it are matters to establish individually, with paperwork in hand, and not to infer from the corridor's reputation. The surrounding context deserves the same treatment: neighboring land along this band is at different stages, so what adjoins a unit today is worth checking. Seasonal rental possibilities follow the bylaws of this particular building.
Want to rent out your property in Morros Ultra?
We will explain how we select the tenant and what goes in writing before the property is handed over.
Mexican buyer
Two currencies are called pesos in this transaction, so always say which one you mean: the contract is signed in Colombian pesos while the money leaves in Mexican pesos. The transfer is converted, enters through the regulated exchange market with its declaración de cambio and is registered as foreign investment with the Banco de la República, which is who to ask about how and in whose name. The poder for signing from abroad is granted before a Colombian consul in the city where you live or before a notario público and then apostilled, and which of the two the Cartagena notarÃa wants is confirmed with that notarÃa and with the CancillerÃa before you fly anywhere to sign. Visa rules and the cédula de extranjerÃa are not the same for every nationality and belong to Migración Colombia: entering without a visa to visit the city and settling in it are two different situations. The tax question to settle with an accountant in each country is whether a treaty exists between Colombia and your country and what it says about rental income and about ganancia ocasional.
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 Morros Ultra?
We will explain how we select the tenant and what goes in writing before the property is handed over.