Land Title Systems There are two (2) systems of law under which land is held in Trinidad & Tobago: The old law or common law system of conveyancing; and the Torrens system of registered conveyancing or the Real Property Act Chapter 56:02 (R.P.A.) system of conveyancing. Old Law System Most of the land in Trinidad & Tobago is still held under the old law system which is based on the English...
Buying
After an offer is accepted by the buyer, a Purchase Agreement is then prepared and is executed when the buyer pays a 10% deposit to "seal the deal" and take the property off the market. Following the execution on the purchase agreement, the buyer will need a copy of the deed; the last paid land and building tax receipt; a cadastral sheet; a Water & Sewage Authority (WASA) Clearance...
Q: I am a 24-year-old, stay-at-home mom. In the past, I've had poor credit but have since paid off all bad debts. I am using my student loan as a source of credit to prove I can pay off my current debts. My husband, on the other hand, has perfect credit. He has never missed a payment and pays in full every month. How will my history affect us trying to buy a home in two years? -- Christine A. Despite...
In Trinidad & Tobago Property Tax is governed by the The Property Tax Act, 2009 and the Valuation of Land Act Chapter 58:03, amended by Act #17 of 2009. This Act replaces the Land and Building Taxes Act and Part V of the Municipal Corporations Act #21 of 1990. The Valuation of Land Act empowers the Commissioner of Valuations to value properties based on an Annual Rental Value.BASIS OF ASSESSMENTAnnual...