Q: My sister and I are about to purchase land in Puerto Rico. All paper work is good and land is clear with the state and
Town. We want to divide the land and register our parcel separately. How can we accomplish this? Can this transaction happen directly from seller to the two new buyers with each buyer claiming their part of the land? Or does it have to be registered under one person and then be separated? Need help…hopefully question is clear.
A:
The property must be segregated by way of a deed. Although this can be accomplished in the sales deed, you cannot segregate a property without procuring required legal permits beforehand. The quickest, most expedient way I recommend would be for you and your sister purchase the land and register it as a community property with the Puerto Rico Property Registry. Afterwards, you can retain the services of a licensed surveyor or engineer to procure the required government permit. Once these are on hand, you and your sister may grant the segregation deed.
Mind you, if either or both you and your sister are married, your spouses must also appear for the sales deed signing. Unless the funds with which the property is to be purchased are privately owned by either or both, the property to be acquired would be a joint conjugal property and both of your spouses would also be co-owners.
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