What I am about to state may seem obvious after you read it, but many of those who call in to my law firm are actually not following this very simple rule: The time to complete the inheritance law process in Puerto Rico, is now and not later. Here is why this is a big… Read more »
Teamwork In Real Estate – Working With Your Lawyer
Important Terms Defined At my law firm, we work with lawyers from many areas of the world. I find that a high percentage of the lawyers that call me to look into working together on behalf of a particular client, are very competent lawyers. Competency is simply defined in the Merriam-Webster Dictionary as “an ability… Read more »
Real Estate Transactions in Puerto Rico – Some Common Misconceptions
A constant challenge for my practice as a real estate lawyer, has been explaining to a non-resident of Puerto Rico how a real estate transaction in Puerto Rico works. My biggest “enemy” in doing this task, are the misconceptions some individuals have on the subject. To help you have the answers that you need, here… Read more »
We Can Help Non-Residents of Puerto Rico Take Advantage of Act 20
The name “Puerto Rico” literally translates to “rich port” in English. This moniker is taking on new meaning for the increasing numbers of American businesspeople flocking to Puerto Rico in order to preserve their prosperity and enjoy everything our “island of enchantment” has to offer. As a Caribbean commonwealth of the United States, Puerto Rico… Read more »
Title Clearing in Puerto Rico – A brief introduction
I recently had the wonderful experience of meeting and helping key executives of one of the biggest and most successful title clearing companies in the United States. They have a series of clients that have entered the Puerto Rico market, which has put them in the unexpected but also interesting position of having to become trained… Read more »
Puerto Rico Property Registry
The Puerto Rico Property Registry is much unlike any property registry in the United States. While on some instances you hear the phrase “the registry cannot take your rights away” it is not less true that in some instances it does. The main reason for the noticeable differences has all to do with Puerto Rico’s… Read more »
“Unlicensed Brokers” – Who Is One And Why Discuss This Subject
In the real estate market, a broker is a person who acts as an intermediary between two or more parties in negotiating a real estate transaction. This is a simple definition and it should be looked upon as such. If the transaction involves real estate property and the person is an “intermediary” among the parties, then… Read more »
Puerto Rico Workmen’s Compensation
Dear Visitor: A brief note to those who have a workmen’s compensation policy or plan under Puerto Rico Law, which is compulsory to be had with the Fondo del Seguro del Estado (“FSE”). July 20th is the deadline for payment of this policy. PLEASE NOTE that it is important that the payment is received by… Read more »
The Puerto Rico Property Registry – How does it work?
I will not attempt to comment fully on how the Puerto Rico Property Registry works, but I will try to give you a glimpse on the subject and then expand more as the discussion develops. The purpose of the Registry is simple: to provide citizens with a public and reliable registry of transactions pertaining real estate… Read more »
Corporations and the Real Estate Market
Corporations and the Real Estate Market At Lampón & Associates we are frequently asked about the use of corporations for real estate deals. Recently, we have seen a growing tendency towards the use of corporations for real estate closings in Vieques. Accordingly, I decided to make some comments on this simple subject which, unfortunately,… Read more »