Buying property in the Cayman Islands
Buying property in the Cayman Islands is relatively simple and straightforward. The government guarantees the right of ownership of each parcel of land, there are no restrictions on foreign ownership of a single property and there is no income, capital gains or property tax. This briefing provides a general overview of the process.
Ask the expert: Strata corporation basics
As attorneys, we are often asked questions about strata in the Cayman Islands. Below are some of the most common questions asked. What is a strata? A strata is a form of property ownership where a parcel of land is divided between various owners with each owner holding a separate, registered title.
Ask the expert: Strata titles and how they work
As an attorney, I am often asked questions about how the Strata Titles Registration Law works in the Cayman Islands. Below are the answers to some of the most common questions I am asked.
ATTORNEY ADVICE ON STRATA PROPERTIES IN THE CAYMAN ISLANDS
With the reopening of the real estate and construction sectors of Cayman’s economy, potential customers are most likely purchasing within a strata community. HSM Property Attorney Oscar DaCosta equips buyers with everything they need to know when it comes to strata properties in the Cayman Islands.
Cayman Islands: Restrictions on short-term letting and Strata by-laws
For some time there has existed a potential conflict between Strata by-laws which expressly seek to limit strata owners from short-term letting of their units, usually for less than a month or requiring the use of a particular rental manager, and Para 21(4) of the Strata Titles Registration Law (Revised) (the Strata Law) which reads: “No [strata] by-law shall operate to prohibit or restrict the devolution of strata lots or any dealing therewith or to destroy or modify any easement implied or created by this Law” [emphasis added]”
Community Democracy in Cayman Islands’ Strata Corporations
A recent decision of the Grand Court may affect role of developers of strata corporations in the Cayman Islands, particularly where the strata development forms part of a larger resort complex, perhaps incorporating timeshare apartments or a hotel.
STRATA TITLES REGISTRATION LAW
Law 14 of 1973 consolidated with Laws 1 of 1983, 14 of 1994, 8 of 2005 and 10 of 2012. Revised under the authority of the Law Revision Law (1999 Revision) (PDF) Read the law…………………………………………