Belize is a popular destination for foreign investors, particularly those interested in real estate. One of the reasons for its popularity is that Belize allows foreigners to own land outright, with a fee-simple title. This means you have the same property rights as a Belizean citizen, and you can sell, transfer, or lease the land as you see fit.
However, it is important to understand the different types of land titles in Belize before making a purchase. In this blog post, we will discuss the most common types of land titles and what they mean for buyers.
A fee-simple title is the strongest form of property ownership in Belize. It means that you own the land outright, with no restrictions on its use. This is the most common type of title for land in Belize, and it is the type of title that foreign buyers are most likely to receive.
A leasehold title gives you the right to use and occupy the land for a specific period of time, typically 25 to 99 years. After the lease expires, the land reverts back to the owner. Leasehold titles are less common than fee-simple titles, but they can be a good option for buyers who are on a budget or who only need the land for a short period of time.
Minister’s Fiat Grant
A Minister’s fiat grant is a type of leasehold title that is granted by the government of Belize. These grants are typically given for agricultural or industrial purposes, and they often have favorable terms, such as low rent and long lease terms.
A strata title is a type of title that is used for condominium units and other types of multi-unit properties. A strata title gives you ownership of your individual unit, as well as a share of the common areas of the property.
Undeclared land is land that has not yet been surveyed or registered with the government. This type of land is often less expensive to purchase, but it is also riskier, as there is no guarantee that the seller actually owns the land.
Declared land is land that has been surveyed and registered with the government. This is the most common type of land for sale in Belize, and it is the type of land that buyers are most likely to purchase.