The base salary of Clerk 1 of the Judicial Power, which for the year 2020 has been established at ¢450,200.00, is the parameter to determine the value for those individuals to be able to the exemption from Real Estate Tax from their property before the corresponding local government. The foregoing is regulated in article 4 […]

Once the auction has been duly approved and is firm, the executing party must present what is known as the final settlement of the amounts owed by the defendant. The settlement of the amounts owed will contain: • Capital Due • Interest indicating the type • The period that the interest covers • Estimate of […]

When people want to start a judicial collection process, they often ask what means they have in order to guarantee payment in an eventual conviction, in other words, how to ensure that the amount to which the defendant is sentenced will actually be collected and if it’s not going to be just a paper conviction. […]

The approval of the Auction Act is one of the most important stages within the Mortgage or Pledge Execution, since its firmness will allow the successful bidder to go to the Real Estate Registry for the purpose of materializing the adjudication by registry, and to be the owner of the real estate in question before […]

In mortgage or pledge guarantees, the auction base is an essential element since it will set the initial amount for which, eventually, a guarantee will be executed. When the base has not been previously established in the mortgage contract, the amount determined through an expert appraisal or the value registered in the Municipality when it […]

In the Mortgage Foreclosure processes, the Auction Preparatory Acts are essential to ensure that a valid and effective act is carried out. We will break the Auction Preparatory Acts down into steps with a brief explanation: 1. First Step: The Lawsuit Ensure that the claim complies with all the requirements established by the civil procedure […]

When the auction is held in a judicial collection process, the person in charge of presiding over it will ask who is interested in participating in the auction, so that they can be duly identified. Once this point has been verified, the edict will be read and the basis for the auction will be announced. […]

The Solidarity Tax for the Strengthening of Housing Programs (The Luxury Home Tax) falls on the value of real estate for residential use, which is used on a regular, occasional, or recreational basis, and includes both fixed and permanent installations. This tax was created with the objective of financing decent housing for the population in […]

As of January 1st, the tax on corporations corresponding to the 2021 period began to be collected. Commercial companies obliged to pay this tax will have until the 31st of this month to comply with the payment, without interest or penalties. According to Law No. 9428, Law of Tax on Legal Persons, the rate that […]

As of January 4th, the new Registry Qualification Guide issued by the Real Estate Registry came into forcé, which contains the new guidelines of the National Registry regarding Powers that are granted for real estate transactions. Among the main changes and to which more attention must be paid, there is everything related to the appearances […]