ILN: BUYING AND SELLING REAL ESTATE - AN INTERNATIONAL GUIDE

[BUYING AND SELLING REAL ESTATE IN CHILE]

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When property is purchased through loans by banks or other financial institutions, the lender requires the Buyer to hire fire and earthquake insurance. Unemployment insurance for the Buyer, a natural person, is also usually demanded by financial institutions, which may be enforced contractually but is not legally mandatory. 2. Real Estate Tax: This tax is levied on a property’s assessed value. It is an annual tax but can be paid in four installments in April, June, September, and November.

ILN Real Estate Group – Buying and Selling Real Estate Series

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