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Real Estate & Construction

Real Estate

Colombia

The real estate and construction sector in Colombia have grown significantly in recent years due to incentives for purchase of residential properties, the arrival of international players, and the growth of intermediate-sized cities around the country.

When looking to invest in the real estate sector in Colombia or when the investment involves the participation of complex investment structures, rely on the Real Estate & Construction team at CMS Rodríguez-Azuero who will provide you with strategic, efficient and innovative solutions to structure businesses.

We provide advice in the structuring of projects in all stages, with the premise of achieving legal efficiency, mitigation of risk and contractual agility, as well as in matters of assets and property, investor linkage, community management and relations with neighbours, insurance management, support in all types of real estate transactions, administration of property portfolios, execution of contracts, property leases, horizontal property and litigation related to the operation of the project.

Additionally, the firm offers advice, regarding license management, management of partial plans, and advice in sanction processes before local, district and national authorities. We offer comparative legal concepts of urban actions for the identification of generative events, advice on the determination, settlement and calculation of participation in the added value tax and the structuration of systems for equitable distribution of charges and benefits.

We also have significant experience advising clients on the review and analysis of concession, construction, design, sales, auditing, management, among other types of contracts.

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23 April 2021
The Due Dilli­gence Of the Trust­ee in Real Es­tate Pro­jects
On Decem­ber 9th, 2020, the Civil De­cision Cham­ber of the Su­per­i­or Tribunal of Bogotá (“Tribunal”) entered a judg­ment, as an ap­peal’s court, in the case ini­ti­ated by Kar­en An­drea Var­gas Ramirez...
17 February 2021
Multi-pur­pose ca­daster as a tool to gen­er­ate ef­fi­cien­cies in Colom­bia’s...
Some of the main chal­lenges that Colom­bia’s land own­er­ship sys­tem faces are as fol­lows: (i) the qual­ity in the in­form­a­tion of the land, and (ii) the lack of co­ordin­a­tion between pub­lic re­cords of­fices...
16 December 2020
New norm amends the Gen­er­al Law of Tour­ism and reg­u­lates the pro­vi­sion...
On Decem­ber 11, 2020, Con­gress ap­proved the text of the law that amends the Gen­er­al Law of Tour­ism and is­sues oth­er pro­vi­sions. The law is ex­pec­ted to be ap­proved by the Pres­id­ency of the Re­pub­lic in...
14 October 2020
The de­clar­a­tion of un­con­sti­tu­tion­al­ity of De­cree 797 of 2020
On Septem­ber 17, 2020, a press re­lease from the Con­sti­tu­tion­al Court be­came pub­lic, with a de­cision rul­ing that De­cree 797 of 2020 was un­con­sti­tu­tion­al. Re­call­ing the con­tent of this De­cree, this was...
24 August 2020
Law and reg­u­la­tion of con­cur­rent delay in Colom­bia
1. Is con­cur­rent delay a well de­veloped and un­der­stood concept? There is no leg­al defin­i­tion of “con­cur­rent delay” in Colom­bi­an law. Al­though it is not clear wheth­er it is a well-de­veloped and un­der­stood...
11 August 2020
The Re­verse Mort­gage: A New Fin­an­cial Product for the Colom­bi­an Mar­ket
A re­verse mort­gage is a nov­el fin­an­cial product in Colom­bi­a's leg­al and fin­an­cial sys­tem, which, ac­cord­ing to the draft de­cree pub­lished by the Min­istry of Hous­ing, City and Ter­rit­ory, may be offered...
12 June 2020
Na­tion­al Gov­ern­ment Meas­ures against Com­mer­cial Lease Agree­ments Dur­ing...
In the con­text of the eco­nom­ic and health crisis caused by the COV­ID-19 pan­dem­ic, the Na­tion­al Gov­ern­ment has is­sued dozens of de­crees seek­ing to ad­dress this crisis in dif­fer­ent areas, in­clud­ing the...
15 April 2020
Na­tion­al Gov­ern­ment Meas­ures Re­gard­ing Lease Agree­ments Dur­ing COV­ID-19...
The cur­rent situ­ation that Colom­bia and the world are go­ing through be­cause of the COV­ID-19 dis­ease, has gen­er­ated en­vir­on­ment­al, so­cial and eco­nom­ic con­sequences. There­fore, the Na­tion­al Gov­ern­ment has...
31 March 2020
Law and reg­u­la­tion of rent­al agree­ments in Colom­bia dur­ing Cov­id-19
Up­dated on 12.06.2020. 1. Is a less­ee eli­gible for rent re­duc­tion due to a sig­ni­fic­ant de­cline in foot­fall and con­sequently its turnover as a res­ult of COV­ID-19? No, un­less any of the fol­low­ing cir­cum­stances...
21 February 2020
Chal­lenges and Op­por­tun­it­ies for the con­struc­tion sec­tor with the new as­bes­tos...
The Con­gress of the Re­pub­lic of Colom­bia, through Law 1968 of Ju­ly 11, 2019, pro­hib­ited the use of as­bes­tos in the na­tion­al ter­rit­ory in or­der to pre­serve the life, health, and en­vir­on­ment of work­ers...
11 December 2019
The Ver­dict
Novem­ber 2019Wel­come to the Au­tumn 2019 edi­tion of the Ver­dict, an at-a-glance round-up of re­cent leg­al de­vel­op­ments in re­la­tion to cor­por­ate crime.In this is­sue, the spot­light is on up­com­ing changes...
10 December 2019
Bogotá's Land Plan­ning Plan
On Novem­ber 2nd, the Coun­cil of Bogotá de­cided not to ap­prove the draft re­vi­sion of the Bogota Ter­rit­ori­al Plan (POT), which was presen­ted to that en­tity on Septem­ber 8 by the ad­min­is­tra­tion of may­or...