|Alien Landholding Licence Fee:||10% for non-residents (only)|
|Legal Fees:||2% of the purchase price, approximately|
|Stamp Duty:||approximately 1% of the purchase price|
|Land surveyor’s fee:||usually 0.5% of the value of the land|
|Out-of-pocket expenses:||approximately US$500|
|VAT:||15% on Legal Fees & Agent’s Commiss|
|Property Transfer tax:||5% of the market value for nationals and members of the OECS|
|15% of the market value for non-nationals|
(The government of Grenada allows an exemption of the first EC$20,000 on property.)
|Legal Fees:||approximately 2% of the purchase price + 15% VAT|
|Real estate commission:||normally 5% of the purchase price + 15% VAT|
|Out-of-pocket expenses:||approximately EC$500|
Yes, the average cost for this is 2% of the agreed purchase price of the property/land that you are purchasing.
We are happy to recommend reputable local lawyers.
Approximately 3-6 months.
The landlords in the case of a rental and the vendors in the case of a sale.