Fiji Beachfront Land L'Esterre, Carriacou, Grenada

Supporting You through the Process The sale process can easily be handled remotely from the UK, US or Canada. Most of our previous purchasers have visited the island and then proceeded with the sale remotely, visiting once more after the property has exchanged. Our team are on hand to assist with the purchase process as you go forward. Alien Land Holders Licence All foreign nationals wishing to purchase property in Grenada must apply for an Aliens Land Holding Licence, which is generally a simple process handled by the buyers attorney, once the licence has been issued 10% of the purchase price must then be paid to the government. Before the licence is issued the buyer must provide bankers reference letters, character & police references. Time Scale It normally takes 2-3 months for legal process and the sale to close. Legal Matters The purchaser appoints a Grenadian attorney to search the register and establish title to the property prior to the completion of sale to ensure that there are no encumbrances, charges, encroachments or other impediments to the sale. We can provide you with a set of recommended Grenadian attorneys upon request. Guide to Buyers Closing Costs Legal Fees Approximately 2% of the purchase price Stamp Duty Approximately 1% of the purchase price Alien Landholders 10% of Purchase Price. Sellers Legal Fees Approximately 1% of the purchase price Property Transfer Tax 5% of the purchase price for nationals and 15% for non nationals Property Title The majority of property in Grenada is owned fee simple, however property in Grenada may also be held on long lease from private individuals, which are normally 99 years or the unexpired term in the case of an assignment of a lease. A purchaser of such a leasehold interest will enjoy all the benefits of an absolute title for the duration of the lease. Lease can be renewed for usually a fairly small fee and the legal process is straightforward - the renewal can be done once the property is purchased.