Property Acquisition Cost
Setup / Acquisition Fee
To reimburse us for finding your property and preparing it for purchase, we charge a 10% commission on the purchase price of a property, exclusive of stamp duty, legal fees, or any other costs associated with the sale.
Stamp Duty / Transfer Tax
Each country has slight variations on the amount that they charge for real estate transactions. You can see typical rates below.
|Turks & Caicos||8-10.0%||0.0%|
The fees to complete a purchase differ slightly between countries, but are usually less than 1% of the purchase price.
Company Creation Fees
The formation of a local company is a usual requirement for property acquisition in Caribbean Countries. The usual cost for setting up the local company is $3k - $5k, depending on the country.
Based on the Property Value
Partbnb charges an annual management fee to cover our costs related to conducting the part ownership management structure, platform and all associated activities to ensure your carefree homeownership. This fee also covers our management of short-term rentals.
Property Transfer Fee
Based on Property Value
If an owner wishes to sell his or her part or all owners vote to sell an entire property, the transfer fee will be charged to the seller or sellers as part of the sales process.
ACH / Wire Transfer Fees
Partbnb may add a fee of 0.5%, up to $5, for ACH payments. There are no fees for receipt of wires, but you should be aware of any costs you may incur with your financial provider.