From a Farm to a Plot

Acquiring a plot of land is an important investment that can significantly influence your plans in the mid and long term. Here is a brief description of what to look for if you have already made up your mind and want to buy a piece of land:

General Land Subdivision Proceedings

1. Original Property: Large tracts of land, known as fundos, are common in Chile. These properties are often owned by families or entities for generations.

2. Initial Subdivision: The subdivision of a fundo usually begins for reasons of development, inheritance, sale, or a combination of these factors. The decision to subdivide may be motivated by the desire to take advantage of tourism, residential, or agricultural growth in the region. It is important to find out about the current and future regulations of your chosen location to ensure that they match your plans.

3. Regulations and Approvals: Land subdivision  must comply with local and national regulations, including zoning, land use, and environmental impact. This involves the submission of projects and approval by municipal and, in some cases, national authorities.

4. Sale or Development: Once the subdivision is approved, the land can be sold as individual lots or developed for specific purposes, such as residential, commercial, or tourism.

   At this point it is important to consider the following aspects:

   • To verify if there are any outstanding liens, mortgages, or debts on the parcel.

   • To make sure that the plot has its own Rol: this guarantees a unique tax identification, and therefore is independent, which implies it can be the object of sale/purchase when deemed convenient.

   • To be duly registered in the Real Estate Registry, which is an additional guarantee that the property is free of any legal cause and, that the property title is legal.

   • Public services and accessibility: Living in an “Fundo” is a rewarding experience, especially if you have access to electricity, water, proximity to main roads and infrastructures of interest for a comfortable and safe life (schools, hospitals, markets).