June marks the commencement of a new year for government purposes. Since property taxes in Puerto Rico are managed by a government agency, June marks a new year for them as well. When property taxes are due, payments are divided in two 6 months’ tax periods, with June marking the start of the first… Read more »
A lien, including a mortgage lien, is an arrangement where one party cedes equity or a stake on a piece of property in exchange for a loan and only regains full control of said property back once their debt has been paid in full. Mortgages aren’t commonly perceived as a lien, but in essence that’s… Read more »
Ahh Puerto Rico, you are a beautiful land that is known for your sandy shores, cool breezes and an easy-living way of life. That being said, it’s easy to understand why so many people flock to settle down and raise families in Puerto Rico. Unfortunately, we all know that we are cursed with mortality –… Read more »
It’s not like most people need more reasons to move to Puerto Rico. With beautiful beaches, warm waters, lush foliage, temperate year-round weather conditions, and friendly residents, there’s a lot to love about this Caribbean island nation. It gets even better, though. For Americans (and other foreigners) interested in uprooting their lives and taking up… Read more »
You don’t have to look too hard to find reasons why purchasing a vacation home or even a primary residence in Puerto Rico is a great idea. This island nation offers up the beautiful beaches, abundant greenery, and balmy temperatures (around 80 degrees Fahrenheit year-round) that one would expect from a tropical locale. However, there… Read more »
Puerto Rico is a beautiful Caribbean island that boasts a tropical climate, lush vegetation, and a rich history and culture. It’s no surprise, then, that people from all over the world not only want to visit, but choose to purchase property in Puerto Rico, either as a primary residence or for vacation purposes. But what… Read more »
With Puerto Rico’s Act 20 and 22, growth and opportunity for businesses and investors is on the rise. Though the island’s economy has experienced some setbacks in the recent history, new provisions, such as Act 20 and 22, have begun to return Puerto Rico into a thriving area for commerce. Continue reading to see how… Read more »
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 »
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 »
hi
