Hello my name is Santiago Lampón. I am a lawyer and a notary in Puerto Rico and this is part 2 of my video series regarding the subdivision of land and assets, meaning the structure sitting on land in Puerto Rico. I am a lawyer and a notary and I welcome you. Remember or bear in mind that at the end of the video you can ask any questions that you have regarding this subject.
In the previous video, I discussed the subdivision of land without permits. Now I want to discuss once the land is subdivided, what can you do. Fortunately, under Puerto Rico law you can go back, meaning you can go to the property to the land permit authority and that’s just my translation of the name, I am not even going to try to give you the correct name for language purposes. You can file, backdating the permit so that then you can do the property so you can do the proper segregation. It is important that’d you are going to segregate land or land has already been segregated without the permits, that you use a licensed surveyor. When I mean licensed surveyor I don’t want you to undermined that requirement. Make sure that your surveyor or the one that you are thinking about engaging is licensed. It is important that a license surveyor and perhaps in conjunction with a civil engineer becoming both, because if you segregate land just because you think it is better to segregate it that way you may be creating something that is unsellable under the market or at market. I do mean it is not sellable legally speaking. What I mean is it is unsellable because you are not going to be able to find a buyer who wants that property with those peculiar characteristics.
And there are quite some requirements, if there is a creek or flow of water within a property land is very important. The connection to the neighbors, the enter and the exiting up to the property whether existing access or access that needs to be created. So there are quite a few subjects that need to be considered plus you may need to give away some land for the benefit of the municipality or for the benefit of road access or other situations. You never know if a projected power line is going to be built through there, if the pipeline is going to… you never know. So, it is important that you comply with the correct procedure.
I hope you have enjoyed this video. My name is Santiago Lampón, a lawyer and a notary in Puerto Rico. If you have any questions you may post them on this page and I will get to them as soon as possible. Have a great day.