REAL ESTATE CHARGES IN JAMAICA |
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Vendors Costs (Approximately) |
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Transfer Tax (Full) |
2% |
Stamp (1/2) price |
$2,500 |
Registration (1/2) price |
0.25% |
Sale Agreement |
Shared 50/50 between Vendor/Purchaser |
Sale Agreement GCT |
15% |
Attorney's Fee |
3% - 5% (Fee's varies) |
Attorney's Fee GCT |
15% |
Agent Sale Commission |
3%-5% (Commission rate varies as agreed with Vendor) |
Agent Sale Commission GCT |
15% |
Letter of Possession |
Shared 50/50 between Vendor/Purchaser |
Letter of Possession GCT |
15% |
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Purchaser Costs (Approximately) |
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Stamp (1/2) price |
$2,500 |
Registration (1/2) price |
0.25% |
Sale Agreement |
Shared 50/50 between Vendor/Purchaser |
Sale Agreement GCT |
15% |
Attorney's Fee |
3% - 5% (Fee's varies) |
Attorney's Fee GCT |
15% |
Letter of Possession |
Shared 50/50 between Vendor/Purchaser |
Letter of Possession GCT |
15% |
Surveyor's Identification Report |
Price varies |
Valuation Report |
Price varies (Example $3,000.00 per million of value of property + GCT and mileage to property) |