Completion Time Frame: 7 days (simultaneous with procedures 2 and 3)
Completion Costs: BOB 165 each certificate
Points to Note:
Both certificates must be obtained by the seller before starting the transaction formally. The 10-year certificate shows all the owners of the property in the last 10 years.
The documentation shall include application forms.

Step 2: An architect of the Municipality inspects the property and prepares the cadastral plan

Completion Time Frame: 60 days (simultaneous with procedures 1 and 3)
Completion Costs: BOB 800 (architect’s fees)
Points to Note:
An architect of the Municipality must go and verify the property to determine its cadastral value and prepare a cadastral plan. This plan is required to obtain the Cadastral Unified Form in the Municipality.

Step 3: The seller must obtain the Cadastral Unified Form at the Municipality including the cadastral value of the property

Completion Time Frame: 1 day (simultaneous with procedures 1 and 2)
Completion Costs: no cost
Points to Note:
The seller picks up the map prepared by the architect at the Municipality, and at the same time obtains Cadastral Unified Form, including the cadastral value of the property.
This form is usually not in possession of the seller or it is not up to date due to modifications on the property.

The documentation shall include:
Public Deed of the purchase of the property
Public Deed of the purchase by the previous owner
Property Title issued by the Real Estate Office
Yearly property taxes for the last 5 years
ID of the seller
Proof of payments of electricity services
Cadastral map/plan of the property prepared by an architect (obtained in Step 2)

Step 4: Lawyer prepares the sale agreement (“minuta”)

Completion Time Frame: 2 days
Completion Costs: BOB 300 + 1% of the price of the transaction
Points to Note:
The seller is responsible for gathering all the documentation, which includes:
Property title issued by the Real Estate Office
Non-encumbrance and 10 years certificate of the property (obtained in Step 1)
Yearly property taxes proof of payment for the last 5 years
Public deed of the purchase of the property
Legal representative power
Cadastral Unified Form issued by the Municipality (obtained in Step 3)

Step 5: The “minuta” is delivered to the Municipality for payment of transfer taxes and the name of buyer is recorded

Completion Time Frame: 2 days
Completion Costs: 3% transfer tax levied on the cadastral value of the property or purchase price, whichever is higher
Points to Note:
A sales tax certificate is obtained, and the name of the buyer is registered at the Municipality. The documentation shall include the sale agreement or “minuta.”

Step 6: The notary notarizes the “minuta” and prepares the public deed

Completion Time Frame: 2 days
Completion Costs: BOB 30 for each page of the “minuta” (assuming 4 pages)
Points to Note:
The “minuta” is executed by a Public Notary, who prepares the public deed. The number of pages of the “minuta” or sale agreement depends on the lawyer and the clauses in the contract between the buyer and the seller.
The documentation shall include:
Sales tax certificate
Certificate that buyer is registered at the Municipality

Step 7: The public deed is delivered to the Real Estate Office for its recording under the name of the buyer

Completion Time Frame: 25 days
Completion Costs: BOB 400 + 0.5% on the cadastral value of the property or purchase price, whichever is higher (registration fee)
Points to Note:
Even though the Real Estate Office has been computerized recently, most of the information on previous titles is not in the system, requiring large amounts of time to search physically for old titles. This step would require a considerable less amount of time when all the information is included on the system.
The documentation shall include:
The “minuta” notarized
Public deed