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Purchase Instructions
The purchase price of each parcel includes:
1. Legal fees to prepare and register the transfer instruments to lead to the issuance of Title in your name to the parcel(s) of land being purchased by you as indicated on the Parcel Purchase Request Form.
2. Administrative filing and the submission of closing documents that require registration. The closing documents include, but are not limited to, (1) Deed of Conveyance/Indenture, Transfer Instruments and Affidavits (2) Survey (3) Declaration of Covenants ("Declaration") (4) Charge (Mortgage) Instruments, if applicable.
Please note: At the time of closing purchasers will be responsible to pay the Belize Government Stamp Tax of 5% of the parcel purchase price amount over US$10,000.
Six Easy Steps in Purchasing a Parcel(s)
Step 1. Select a parcel(s) from our Master Development Plan. Click here for Master Development Plan. Parcels are available on a first come, first serve basis.
Step 2. Fill out the Parcel Purchase Request Form completely. Click here for the Parcel Purchase Request Form. Be sure to provide all information requested and then submit the Parcel Purchase Request Form by clicking the "Submit" button at the bottom of the form. Allow 72 hours to receive confirmation of your parcel(s) selection by return email.
Step 3. Once we have confirmed your parcel(s) selection availability and price, we will then send you a Parcel Purchase Agreement and purchasing documents (Documentation) for you to execute and return along with a deposit equal to 10% of the total purchase price. Issue a check made payable to the escrow agent. This deposit is non-refundable, however, the escrow agent is authorized to disburse to you all money you have paid prior to closing in the event of our failure to convey title. Your deposit may be in the form of a Personal Check, Cashier's Check or Certified Check in U.S. funds. Send your deposit and a signed copy of the Parcel Purchase Agreement and purchasing documents via first class mail or certified mail to:
Waterside Limited
621 NW 53rd Street, Suite 240
Boca Raton, FL 33487 USA
Step 4. Upon receipt of your deposit and Documentation the parcel(s) will be held for you pending closing. For your convenience our U.S. mail receipt center will forward your deposit to the escrow agent.
If you Documentation and deposit have not been received within seven days, the parcel(s) that you have requested will be made available again to all prospective purchasers. If the appropriate Documentation and deposit is received after the seven day period and the parcel(s) is still available it will be held for you. If you Documentation and deposit is received after the seven day period and the parcel(s) is no longer available, you will have the option of choosing another parcel(s) or having your deposit check returned in full.
Step 5. We will then send you closing documents for the parcel(s) you have selected. You will also receive a copy of the Declaration, which your purchase is subject to. Sign the closing documents, where indicated, and issue a Cashier's Check or Certified Check for final closing payment in the amount as set forth in the cover letter attached to the closing documents.
Final closing payment and executed closing documents must be received within 30 days after you have received all closing documents. If your final closing payment has not been received within the 30 day period, it will result in the forfeiture of your 10% deposit. Include the executed closing documents in the envelope provided, addressed to:
Waterside Limited
621 NW 53rd Street, Suite 240
Boca Raton, FL 33487 USA
Next, mail envelope via first class mail or certified mail as addressed above.
Step 6. From the U.S. mail receipt center your executed closing documents will be immediately forwarded to Belize to begin the closing process. Upon receipt in Belize, the closing documents will be submitted to the Government of Belize for registration. The registration process is as follows:
A. Your closing documents will be delivered to the Land Tax Office in Belmopan (the Capital). The transaction is certified by the Commissioner of Land that there are no unpaid property taxes due on the parcel(s).
B. Closing documents are then forwarded to the Valuation Section of the Ministry of Natural Resources to ensure that the purchase price is reasonable market price.
C. Closing documents then proceed to the Land Utilization Authority for verification of subdivision approval.
D. Closing documents move to the Lands Registry to transfer the parcel(s) of land into your name(s). Your name(s) is registered in the Lands Registry as the new owner(s) of the parcel(s).
E. 1. If there is no mortgage on your parcel(s), the Deed of Conveyance/Indenture will be issued by the Belize Lands Registry and mailed to you.
2. If there is a mortgage on your parcel(s), the Deed of Conveyance/Indenture will not be issued and mailed to you until the mortgage is satisfied (paid in full) - However, we will send you documentary evidence of your ownership of the parcel(s). After the mortgage is satisfied, a Deed of Conveyance/Indenture will be sent to you.
Please allow approximately eight to twelve weeks from the time we receive your executed closing documents and final closing payment for the complete transfer of title to take place.
You must be over the age of 18 years to purchase a parcel(s).
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Financing is available!
Click here for financing information
For additional questions or more information about
purchasing, you may email us a
contactus@waterside.com or call us in the U.S. at
561-859-2121.
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