Rent out my property in Cartagena
Renew a rental agreement in Bocagrande Here is what changes in this sector and what to put in writing before handing the property over.
Renewing means deciding in good time that the relationship continues, and the operative word is early: open the conversation well before the current period runs out, not in the final week. Renewal is also the natural moment to revisit conditions that no longer match reality: the figure in light of how the sector sits, the cost split, the backing in force, the state of the property after use, outstanding repairs, and any change in how many people live there. The sensible move is to visit before agreeing to continue, and to put the new terms in a document signed by both sides, with the refreshed inventory attached. How extension operates and what adjustment is permissible are points to raise with a lawyer rather than settle from memory. The habitual lapse is letting time drift and going on collecting with no new document and terms nobody quite recalls. Renewal looks forward and keeps the same resident; closing the relationship and settling accounts is a different exercise altogether. Nisimblat Law reviews those documents.
What Bocagrande is, and what changes there
Bocagrande works like a mature resale market, with consequences that do not repeat up north. The counterparty is almost never a builder: it is a long-standing owner or, very often, an unsettled sucesión, an estate proceeding, whose heirs live in different countries, so closing depends not on one power of attorney but on several, and on the partition among them. The registry record is old too: it was opened when the building was submitted to the condominium regime, it carries legacy entries such as cancelled mortgages, patrimonio de familia and afectación a vivienda familiar, both family-home protections, or lifted attachments, and the recorded area does not always match a current survey, so you compare the registry record against the deed and against the unit's floor plan. The peninsula is also land reclaimed from the sea under subdivisions the District authorized in their day, and the oldest deeds still carry references to those parcelaciones, the original platting. Day-to-day power sits with the owners' assembly and its manager, so in a tower with a long record of decisions the minutes and the status of the condominium's lawsuits matter more than the brochure.
Want to rent out your property in Bocagrande?
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 Bocagrande?
We will explain how we select the tenant and what goes in writing before the property is handed over.