What documents do I require to sell land or a property?

Today, selling a plot of land or a property has become an act that deals with many formalities. Starting with the agreement between the parties until the registration in Public Registers, there is a list of documents and procedures for making that can get us in trouble if we don't see it ahead of time, even more so if they are not performed with due care.

So you are a buyer or a seller, you need to know these important steps to not see you in trouble in the last moments of the transfer of your land or property. In the first place, you need to check the legal status of the land or property to sell. For this reason, it is advisable to have a good collection of the following documents:

Certificate or certificate of registration real estate:

The certificate it is known as the certified version of our game registration. This document is necessary to return it along with the minutes. However, another option is to make use of the certificate of registration real estate (CRI). In this document, issued by the Public Records, ensures the safety of your land or property, that it is more didactic than a certificate or an information copy.

It is important to mention that the IRC contains all the information of a certificate, only that this leads to a summary sheet that shows the legal status and up-to-date on your land or property. In other words, it shows in summary form the following data:

Identity documents of both parties with a copy:

Although you may not believe it, these simple documents can cause us stress if we do not review the following data:

Summary sheet (HR), and grounds-urban (PU):

These documents are obtained at the time in which you make the payment of the autoevalúo in the municipality corresponding to the location of the property that is to be transferred.

The summary sheet (HR) indicates the address of the property or land, the use of the property and the statutory value of this according to the National Regulations of Appraisals, which is used by all municipalities. This value will be the lowest that you will find on the market and for any reason, the sale price must be lower than this, since you run the risk of seeming a fraudulent tax.

The property urban (PU) it is a document that is more elaborate in that it contains all the information regarding the construction of the property:

For the process to enter the minutes by notary is necessary to have a copy of both documents and their original.

Minutes of purchase and sale:

Comes to be the application to the notary or notary, which contains the contract for sale of the property or land.

This request must have the signature of the parties and the attorney. In addition, you must include all the data that is need in order to be a contract is true. This way, you must identify the property to be transferred, to identify the parties detailing their marital status and their current addresses, indicate the dollar value of the sale, the manner, date, and the manner in which it will be effective.

In the possible case that has promises of sale or arras delivered, must be identified in the document view.

Testimony of the last transfer:

In the possible scenario in which the sale is made through a financial institution, you will need the testimony of the last transfer which was made in the house.

We refer to the witness as the copy of the public deed of the notary gave the parties involved in the last transfer of purchase. In other words, if the previous owner of the property you want to buy, obtained by purchase, then we must have a copy of this writing; however, if it was for declaration of heirs, it is required that sentence.

Taxes:

The income tax by the seller and the payment of pdv by the buyer are the taxes that are needed once the notary has read all the previous documents and has approved the entry of the minutes in their respective kárdex.

If you're in the middle of a sale, the notary is the person who will make the calculations of the taxes for you and you just have to cancel them in any agency of the Bank of the Nation. It is important to know that, even if the sale is in usd, the payment of taxes is in soles, and to do this, look at the buying rate of exchange of the SBS or the website of the Sunat.

If you're also interested in buying a piece of land, we leave you the link of our artíclulo https://ciudapolis.com/blog/guia-para-comprar-un-terreno/ that you may know the Requirements to buy a plot of Land in Peru.

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