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 DeslindeNEW, June 2009: The Puerto Plata Title Registry has issued titles in the seller's name (Inversiones DiMerca, S.A.) for all 116 lots in Phase I. Transfer of title to buyers of these lots will begin shortly. Note: Ocean Star Estates Phase I is in compliance with the new deslinde procedure required for all real estate transactions in the Dominican Republic. Phase II is currently in the survey phase of this procedure. See content in "Deslinde Procedure" below. Deslinde ExplainedReal estate transactions in the Dominican Republic were modernized with Property Registry Law # 108-05, which went into effect April 4, 2007. Among other things, the new law requires a "deslinde" for all real estate transactions. A deslinde is a legal procedure that segregates a portion of land within a parcel from all the other portions within the same parcel. The segregated portion becomes its own parcel with its own cadastral designation that is guaranteed by a definite title. No recorded property rights are possible without a deslinde. The new law established a transitional period; however, beginning April 4, 2009, the Registrar of Titles will not record any real estate transactions of a property without a deslinde. Deslinde ProcedureThe current procedure for deslinde has three phases: the survey phase, the judicial phase, and the registration phase. Survey phase: A certified surveyor measures the property using G.P.S. coordinates after giving notice to all owners of the neighboring properties. The survey is submitted to the Regional Survey Office for review. If approved, the Office provides the new parcel with a new cadastral designation and allows the procedure to continue to the second phase. Ocean Star Estates has successfully completed the survey phase of deslinde for Phase I (lots in Blocks A through K):
Survey information for Phase II (parcels 912 and 985) has been submitted to the Regional Direction of Property Measurements, North Department. Judicial phase: In this phase, the deslinde goes to the First Instance Land Court, where neighbors or any interested third party may object. Parties must be represented by an attorney. The judge rules on the deslinde and, if approved, the Registrar of Titles is authorized to cancel the old provisional title and issue a new definite title with the new cadastral designation. Registration phase: The Registrar of Titles executes the judge's ruling by cancelling the old provisional title and issuing the new definite title. The Puerto Plata Registrar of Titles has issued titles for the lots and other surveyed parcels within Phase I of Ocean Star Estates:
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