Rent out my property in Cartagena
Repairs in a rental property in El Laguito frente al mar 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 El Laguito frente al mar is, and what changes there
El Laguito is the point at the end of Bocagrande, nearly surrounded by water, so almost everything in it is close to a shore of some kind and the front line distinction becomes a question of which water. The ocean side carries the beach, the activity and the lodging demand; the inner side faces the lagoon and the bay, quieter and with a different light, a different breeze and different exposure for a building's envelope. Set against the sector's interior, where towers stand close together and the street is narrow, the open front offers horizon and the premium that goes with it, while also absorbing the most salt, the most noise and the heaviest seasonal traffic on a point with a single way in and out. The stock on this edge is largely older, dense apartment buildings, many of them long used for visitor accommodation, which makes the condition of the structure, the accounts of the condominium and the history of facade work decisive. Whether a unit may host paying guests is a matter for that building's rules.
Want to rent out your property in El Laguito frente al mar?
We will explain how we select the tenant and what goes in writing before the property is handed over.
Spanish buyer
Funds leave in euros and arrive converted, so the figure on the escritura and the figure that left your account do not match. You need to be able to explain that gap, which is why the declaración de cambio and the registration of foreign investment with the Banco de la República are prepared before the transfer and not after it. Sharing the language helps and also misleads: Spanish and Colombian notarial vocabulary do not mean the same thing, and it is worth having someone explain what the certificado de tradición y libertad, the title and encumbrance certificate, actually is here, and what falsa tradición, a defective chain of title, means, because neither has an equivalent at home. The poder for signing from abroad is granted before a Colombian consul in your city or before a notary and apostilled, and the CancillerÃa confirms which form the Cartagena notarÃa accepts. Visas and the cédula de extranjerÃa are a question for Migración Colombia. The tax question, for 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, since as a Spanish tax resident the property is reported there too.
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 El Laguito frente al mar?
We will explain how we select the tenant and what goes in writing before the property is handed over.