What should a rental agreement include in Seaside Manzanillo?

Rent out my property in Cartagena

Rental agreement in Manzanillo junto al mar Here is what changes in this sector and what to put in writing before handing the property over.

A residential rental agreement exists so both sides know in advance what happens in each foreseeable situation, which is why the valuable thing is holding the list of topics to cover before sitting down to sign. Among them: identification of the parties and the property, use restricted to housing, duration and how extension works, the method and channel of payment, how utilities and building dues are split, the agreed backing, the treatment of improvements and repairs, rules on pets, subletting and the number of residents, the attached inventory, return conditions, and grounds for early termination. The actual wording, the effect of each clause and what may validly be agreed in Colombia belong to a lawyer, not to a downloaded template. Questions worth bringing: which of my intentions carry no effect, how each side agreement gets documented, which annexes should be signed the same day. The deepest trouble comes from signing a generic form with no inventory, no cost split and no agreed way of giving notice. Nisimblat Law drafts and reviews this for clients of Dimare Collection.

What Manzanillo junto al mar is, and what changes there

Manzanillo next to the sea is the waterfront slice of a sector that extends inland, and treating the two as one would obscure what matters. On the shore the relevant property is beach-facing: condominium houses and apartment buildings inside closed developments, hotel sites, and parcels whose value rests on direct access to the sand. Behind that edge the character turns into village housing, interior roads and land at earlier stages of development, with urban services that are not uniform. So the seaward position buys more than the horizon; it generally buys a place inside a planned development with its own water, wastewater and access arrangements, which inland parcels may resolve individually. The coastal edge also brings its own questions: the beach is public, the tidal strip is not subject to private ownership, and rights of way to the sand are a recurring point of friction between neighbors. Facade and installation upkeep is heavier on the front than a few hundred meters back. For renters, demand concentrates here, with each condominium setting its own rules on short stays.

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.

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