Five papers that are necessary to verify the legality of land:
1) Escritura
The Escritura is the legal document that demonstrates who is the owner of the land. It could be compared to a title deed. In the Escritura, the first person is the seller and the second person is the buyer. The inscription shows that the name is in the name of the new buyer. At the end of the Escritura, there needs to be a “numero de inscription” (Inscription Number) that demonstrates
If the property is not inscribed…The owner must pay taxes a la Alcaldia (1% a “valor de la venta”/value of the sale), go with the plano original and go to the Catastro for a “Certificado Catastral” and then go to la Renta (Taxes) to pay 4% value of the sale tax (4% valor de la venta). After all of this, go with everything to “al Registro” who are going to tell you an amount that is necessary to pay the bank (typically less than what you paid for taxes at the bank).
2) Plano
The Plano is the physical map that shows the boundaries of the land.
3) Solvencia Municipal
This document shows that the property is free of taxes (that no back taxes are owed)
4) Libertad de Graveman
This document shows that the property has no liens or outstanding loans on the property
5) Historia Registral
This document shows the public history of the land for the previous 30 years. (Previous owners dating back 30 years). If necessary
6) Certificado de no objection
This is a document from the general attorney of Nicaragua stating that the property is clean and the government has not objection for this to be sold.