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As most of the productive sectors in
the country, the Dominican Republic s real estate sector has
not been able to escape the COVID-19 outbreak s
impact. Amidst this new reality,
it is indispensable to weigh in how this
pandemic as well as the measures taken by the
Dominican authorities to respond to it, will
affect ongoing real estate transactions, whose normal
course has been interrupted by the pandemic. The analysis of these
transactions will always depend
on the purchasing method and negotiation, and the
effects on the negotiation terms that the state
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Under Dominican law, there are several types of ownership of real estate. The
most common is absolute property, similar to the common law concept
of freehold, which grants the titleholders, according to Article 51
of the Constitution, the right to enjoy, make use of and dispose of
their properties.
Other types of ownership of real estate recognized under
Dominican law are (1) co-ownership under Condominium Law 5038 of
1958, by which two or more co-owners share the ownership of a
residential or commercial property or both, each enjoying full
You are entering a major construction contract. You want to make sure you avoid a big damages claim to the extent you can. One of the typical contract clauses that comes to mind is one for.
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Interest in purchasing real estate in the Republic of Cyprus has
increased during the last few years. Cyprus s warm climate,
favourable tax system, strategic geographical position, EU
membership and the double tax treaties signed with a number of
other countries, are only a few of the reasons that has led Cyprus
to become the ultimate hub for real estate investment.
Legal Framework
Immovable property transactions are regulated by Cyprus Law that
is generally followed by the respective UK Laws. Individuals and
companies acquiring real estate property in Cyprus have the same
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Partner Andrea Gendel, co-chair of Pryor Cashman s
Leasing practice, discussed a new era in the restaurant industry as
ghost kitchens become more prevalent. According
to
GlobeSt: All restaurants right now are really looking at the
concept of pop-ups and ghost kitchens because they are taking
advantage of the proliferation of the delivery services, whether
they start their own delivery service or [use another delivery
service.] A lot of existing restaurants are struggling, and as a
means to expand their gross sales, they are using ghost kitchens