La Message Board Archives

Re: Notary

Posted by Carol on May 19, 2009, 2:21 pm, in reply to "Re: Notary"

I'm wondering about this. There wouldn't be an issue with a corporation holding land, but my understanding is that a corporation cannot be used as a shell for a singe family residence.

The only mechanism for multiple ownership of, for example, separate housing units in a single parcel whether Concession or Constancia, is a condominium association, as I understand it. Each foreign owner than has a bank trust.

Can anyone confirm whether this is accurate?

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