FREQUENTLY ASKED QUESTIONS

The following information should help you to better understand which steps you need to take in order to become a property owner or a tenant.

-First and foremost, if you do not live in St Lucia but you plan on doing so, it is important you get a feel of the neighborhoods that exist, which will ease your search process.
Click here for our area description.

-If you are looking for a place to rent, and you do not know the necessities, please click here for the tenant's fees and requirements.

-You have browsed through our pages but the legal and financial aspects are still unclear?
Click here for more information on the requirements needed to own real estate in St Lucia.

- Find out more practical information concerning real estate such as conversion rates by clicking here.

- The Buying Process Made Clear

Or select from our drop down list:

If this information does not answer your question, you can contact us at +1758 452 8941 (office) or +1758 285 2001 (cell phone) or you can email us at info@bluereefrealestate.com. We will happily assist you in any possible way.

TENANT'S FEES

The general requirements for a tenant are as follows:

-Security deposit to the amount of one month's rent.

-The deposit should be paid the day you decide on renting a property, in order to secure the property for you. One month's rent is to be paid on the day you move in. It is also always important to ask what is included in the rent, i.e. water and electricity charges, cable TV, maid service, phone, etc.

Note that every owner represented by Blue Reef Real Estate Ltd. Is bound with the tenant by a contract, which describes all the requirements in detail. These requirements are subject to change

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1. Completed application form.
2. Full details of the property or land.
3. Citizenship details (photocopy of the passport) .
4. Four passport size photographs of each applicant.
5. Certification of character-report from your local police station.
6. Full set of certified fingerprints from a police station.

 

St Lucia Citizens:

• Government Fee:

- There is a stamp duty of 2% of the purchase price to register the Deed of Sale.
- There is a stamp duty of 0.25% of the Mortgage price to register the Mortgage.

• Legal Fees for the Deed of Sale (Purchase price):

- 2.5% tax on the first ECD 50,000
- 1.5% tax from ECD 51,000 to ECD 150,000
- 1.0% tax from ECD151,000 to ECD 1,000,000
- 0.5% tax from ECD1,000,000 upwards

• Legal Fees for the registration of the Mortgage (Mortgage price):

- 2.5% tax on the first ECD 50,000
- 1.5% tax from ECD 51,000 to ECD 150,000
- 1.0% tax from ECD151,000 to ECD 1,000,000
- 0.5% tax from ECD1,000,000 upwards

• copies and stamps EC$150.00

• The local Buyer has to provide the following documents:
- a letter from Inland Revenue for Property Tax Clearance and Income Tax Clearance
- a letter from National Insurance for Clearance.

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CONVERSION RATES & OTHER INFORMATION

CURRENCY CONVERSION:

For more information, please click on this link:  The XE.com Universal Currency Converter

AREA & SURFACE:

1 m2 = 10.76 sq. ft.
100 m2 = 107.6 sq. ft.
10,000 m2 = 1,076 sq. ft.
1 km2 = 247.11 acres
1 km2 = 100 ha

1 ha = 10,000 m2
1 ha = 100 are
1 ha = 2.47 acres

1 acre = 4046.86 m2
1 sq.ft. = 0.0929 m2

1 acre = 43.560 sq.ft
1 foot = 0.3047 meter

TEMPERATURE:

Fahrenheit into Celsius: 9/5C° + 32°

Celsius into Fahrenheit: 5/9 (F° - 32°)

JETLAG:

St Lucia is under the same time zone as Miami or New York City, i.e. -5 hours GMT. Depending on the season, the time difference varies as follows:

- with the UK between 4 and 5 hours (10 am in St Lucia, 2 or 3pm in London)

- for western Europe it varies between 5 and 6 hours. (10 am in St Lucia, 3 or 4 pm in Berlin or Paris)

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