Ownership
Properties in Belize are owned “FEE SIMPLE” and are transferred by DEED. All rights run with the property, same as the way property rights are held in The United States and Canada. Covenants (Deed Restrictions) are included in our Deeds. This is not a leasehold interest.
First American Title of Florida will provide Title Insurance and has provided Cerros Sands With a Master Title Policy. Barrow and Williams, Attorneys at Law (Belize City) has provided the legal opinions.
Construction
As of May 2007 there is no requirement to build, We are very interested in building a community, so this may change in the near future. Should this change occur, by a change to the Covenants, all prior DEEDs are not effected, thereby “Grandfathering In” the no requirement to build.
As of May 2007 there is no requirement to build, We are very interested in building a community, so this may change in the near future. Should this change occur, by a change to the Covenants, all prior DEEDs are not effected, thereby “Grandfathering In” the no requirement to build.
In June 2007 we expect construction to begin on our 1st homes. Minimum requirements for square footage of Homes is determined by parcel size and location (Beachfront, Beachview, Channel, etc). All Construction must be approved by the developer’s Architectural Committee. You may contract your own builder, select a builder in Belize, hire a construction supervisor or build yourself.
Taxes
Belize has NO Capital Gains Tax. However they have a 10% General Sales tax on real estate and a 5% Stamp Duty. Property taxes are currently less than $100 US per year.
Belize has NO Capital Gains Tax. However they have a 10% General Sales tax on real estate and a 5% Stamp Duty. Property taxes are currently less than $100 US per year.
Availability
Properties are available with very competitive pricing. Properties includes Beachfront, Beachview and Channel parcels with an allowance for a deep water dock, all located on the Eastern shores of Cerros Peninsula.
Properties are available with very competitive pricing. Properties includes Beachfront, Beachview and Channel parcels with an allowance for a deep water dock, all located on the Eastern shores of Cerros Peninsula.
Restrictions
Deed restrictions, known as Conditions, Covenants & Restrictions (CC&R’s) will insure the integrity of the development. There is NO homeowners association.
Deed restrictions, known as Conditions, Covenants & Restrictions (CC&R’s) will insure the integrity of the development. There is NO homeowners association.
Inventory and Pricing
The pricing of all parcels are subject to change without notice, releases can occur anytime. Currently properties in other areas of Belize are selling for much more per linear frontage, without the protection of Covenants and Architectural Guidelines.
The pricing of all parcels are subject to change without notice, releases can occur anytime. Currently properties in other areas of Belize are selling for much more per linear frontage, without the protection of Covenants and Architectural Guidelines.
Contact Cindy for additional information: 850-393-5134
