Posts Tagged ‘off plan’

The Lawyers role in Brazilian Real Estate Purchases, part 1.

It is good practice to hire a lawyer anytime you are purchasing land or property outside of your home country as property purchases can become complex, even when you know the system. Throw in a different language and new property terms and it is easy to see why a lawyer could help you to save money.

It can be vital to choose the right lawyer who is experienced in foreign transactions and one that can speak to you in your own language. Your lawyer should be registered with the OAB, the Brazilian Bar Association. Lawyers in Brazil charge a percentage of the property value for property transfer work.

The lawyer will be responsible for advising you on the reservation contract, purchase contract and the legal implications of these documents. With its consumer laws very much in favour of the purchaser, Brazil is a very safe environment in which to purchase property. Your purchase can be very swift if all of the correct documents are in place. With older properties or land your lawyer will have to collect all of the correct documents, which my take a little more time.

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