Property

Nelsons advises on a variety of property matters including the purchase, sale and development of commercial and residential properties in the Cayman Islands. We also advise banks and other institutions and individuals in connection with mortgage financing, property developers in connection with property development and landlords and tenants in connection with leases and tenancies.

Purchase or Sale of Cayman Islands Property

We can act on behalf of a purchaser or vendor in connection with the purchase or sale of Cayman Islands property including reviewing the title to the property, preparation or review of the sale and purchase agreement together with pre-contract enquiries, filing of a stay of registration, attending to the completion of the purchase or sale, handling purchase/sale funds and the registration of the transfer documents.

Purchase or Sale with Corporate Entities

If property is to be purchased through a Cayman Islands registered company, we can assist with the incorporation of the company. If we are acting for a purchaser of property being sold by a Cayman Islands registered company, we can assist with obtaining all the relevant legal documents, as necessary to transfer title to the property from the corporate entity to our client.

Assistance with Obtaining Financing

In the event a prospective purchaser requires financing for the purchase of Cayman Islands property we can recommend local banks, other financial institutions or private lenders to assist.

Preparation of Security Documentation

We are instructed in connection with the preparation of the necessary security documentation required to secure financing being advanced by a locally licensed bank or other financial institution or private individual, including preparation of charge, debenture, guarantee and/or loan agreement, rendering an opinion in relation to the title to any property being offered by way of security, preparing a stay of registration and completion statement, and attending to the stamping and registration of all such security documentation.

Landlord and Tenant

We can advise both landlords and tenants regarding all aspects of leasehold matters including the preparation and negotiation of residential or commercial leases and tenancy disputes.

Development and Planning

We advise both local and international property developers in connection with all aspects of commercial and residential real estate development including advice on land acquisitions, planning matters, construction contracts, licensing, sales and leasing. We also advise on planning issues in development and conveyancing transactions including planning applications, liaising with local planning authorities and representing clients at planning hearings and appeals.

Strata Matters

We have expertise in the area of strata (condominium) law and regulation. We are often instructed in connection with the drafting and interpretation of strata bye-laws, regularly provide advice to strata corporations on their rights and obligations, and act on their behalf when necessary to enforce those rights.