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Purchasing Instructions
The purchase price of each parcel includes:
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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
Purchase Request Form.
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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
or Transfer Certificate of Title or Transfer of
Land document for registered Land
Certificate (2) Survey (3) Declaration of
Covenants, Conditions, Restrictions, Easements &
Building Guidelines for Waterside
("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 and administrative filing fee. The Stamp Tax is 5% of the parcel purchase
price that exceeds US$10,000 and the
administrative filing fee is 2% of the parcel
purchase price, which purchasers must included
in their final closing payment.
Six Easy Steps in Purchasing a Parcel(s)
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Step 1.
Select parcel(s) from the Master Development
Plan. Click here for
Master Development Plan.
Parcels are available on a first come, first
serve basis.
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Step 2.
Fill out the Purchase Request Form
completely. Click here for the
Purchase
Request Form. Be sure to provide all information
requested and then submit the 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.
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Step 3.
Once we have confirmed your parcel(s) selection
availability and price, we will then send you a
Parcel Purchase Agreement/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 escrow agent: Jason Weaver, Attorney at Law,
Escrow Account. 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/purchasing
documents via first class mail or certified mail
to:
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Jason Weaver, Attorney at Law
c/o Waterside Limited
621 NW 53rd Street, Suite 240
Boca Raton, FL 33487 USA
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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, Jason Weaver, Attorney at Law.
If your 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 your 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.
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Step 5.
We will then send you the 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 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 escrow agent:
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Jason Weaver, Attorney at Law
c/o Waterside Limited
621 NW 53rd Street, Suite 240
Boca Raton, FL 33487 USA |
For questions regarding escrow procedures,
contact
Jason Weaver, Attorney at Law:
email:
jasonweaveresq@gmail.com
phone: 954-937-6427
Next, mail envelope via first class mail or
certified mail as addressed above.
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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), a Transfer Certificate of Title or a
registered Land Certificate will be issued by
the Belize Lands Registry and mailed to you.
2. If there is a mortgage on your parcel(s), the
Transfer Certificate of Title or registered Land
Certificate will not be issued 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 Transfer Certificate of Title or
registered Land Certificate will be sent to you.
Please allow approximately eight to ten weeks
from the time we receive your executed closing
documents and final closing payment for the
completed transfer of title to take place.
You must be over the age of 18 years to purchase
a parcel(s).
Click here for:
Financing is Available!
Click here for financing
information
If you wish to finance your purchase, please
check the box at the bottom of the Purchase
Request Form.
For additional questions or more information about
purchasing, you may email us a
contactus@waterside.com or
Call us toll free in the U.S. at
1-888-999-5114.
From outside the U.S., we may be reached at
561-859-2121.
© 2008 Waterside Limited. Prices, plans, uses,
dimensions, specifications, materials and
availability are subject to change without notice.
Homes within the Waterside community are constructed
and sold by independent builders not affiliated with
Waterside Limited and its affiliates, none of which
companies guarantees or warrants the obligations of,
or pricing by, such builders. Illustrations are
artist's renderings and depictions only and may
differ from completed improvements, if built. Future
development of Waterside may or may not occur as
shown on illustrations, depictions or maps and
buyers of property on Waterside should not rely on
such materials to get an accurate understanding of
the future development of Waterside. These materials
are void where prohibited by law. This does not
constitute an offer to sell real property in any
jurisdiction where prior registration or other
advanced qualification of real property is required.
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