Real estate acquisition process in Chile
The process of buying a property in Chile includes several formal and recommended steps. At each step it is essential to ensure that the property complies with the agreed conditions and that the legal requirements for transferring the property are met. In the deeds of sale in Chile it is usually stipulated that the buyer […]
How to Buy Rural Land in Southern Chile: Steps and Costs
Buying farmland or a plot in southern Chile involves a thorough legal process. First, you need to find land that meets your requirements for location, size, and services. It’s essential to ensure the property is duly registered with the Real Estate Registrar (Conservador de Bienes Raíces) and has its own fiscal assessment number. Ask the […]
New Rules of Servicing: Legal Access, Regularization and Changes After Law 21.458
In the dynamic world of rural development and the sale of land, legal and expeditious access has become a decisive factor. As a result of multiple disputes over sloppy lotus and the rise of so-called “pleasure plots,” new regulations have been implemented to regulate transit services in a clear and binding manner. This article analyses […]
Procedure for the Constitution and Registration of a Transit Service
For the registration of a transit servitude, the current owners of the servant property or, where appropriate, their heirs, must sign a public deed of constitution of servitude before the notary. 1. Previous requirements If the property is in succession, the heirs must have processed and obtained the appropriate effective possession. It is necessary to […]
How to regularize your property with the Ley del Mono (Law No. 20.898)?
If you are the owner of a self-built house or one without final approval, the Ley del Mono (Law No. 20.898) offers you a unique opportunity to regularize your property in a simplified manner. This law establishes special procedures for houses built without the corresponding permit or that have not received final approval, allowing owners […]
Protecting Land and Rural Life: Everything You Need to Know About the New Parcel Law
In response to the uncontrolled growth of rural plots of land in Chile, the government introduced a bill for the Protection of Territory and Rural Life in the Chamber of Deputies. This proposal seeks to address the agricultural, environmental, land planning and regulatory problems arising from the use of housing in rural areas, where agricultural, […]
How to obtain your Foreign Investor RUT in Chile
To obtain a foreign investor RUT in Chile, which allows you to make investments, engage in business activities, and take advantage of the numerous opportunities available in the country, a specific process must be followed through the Internal Revenue Service (SII). Below are the basic steps: 1. Appoint a Legal Representative in Chile You must […]
New Leasing Law in Chile: Protection and Efficiency
With the recent implementation of the new Chilean lease law, the aim is to balance the relationship between landlords and tenants. In this article, we explain the main changes introduced by the law, such as the regulation of rent increases, improvements in the protection against unjustified evictions and the simplification of legal processes related to leasing. The objective is to foster a fairer and more efficient leasing market.
Promissory note of a property transaction
The promise of sale is a fundamental step in real estate transactions in Chile. In this article, we explain what this preliminary agreement consists of, its essential elements and the importance of its formalization to ensure transparency and legal certainty in the purchase and sale process. We also address the legal implications and offer recommendations for both parties involved in the transaction.