Frequently asked questions

It depends on the exact area, size, floor, age, condition, view, parking and shared amenities. The reliable way to know is to compare it with recent sales of similar properties nearby, not with asking prices. Note that the cadastral value on your property tax bill is usually well below market value.

The market sets it: what similar properties in the same area and condition rent for. Housing also has a legal cap: monthly rent cannot exceed 1% of the property’s market value (Law 820 of 2003). Getting the price right from the start matters, because during the lease it can only rise with the CPI (IPC), once a year.

Property management is charged as a percentage of the monthly rent. It covers finding and screening the tenant, the lease, rent collection, repairs and managing the rental insurance. The exact fee depends on the property.

Every empty month costs you: building fees, property tax and utilities keep running with no income. Check three things: price against today’s market, the photos and where it is listed, and the property’s condition (paint and small fixes go a long way). If a month has passed with no interest, it is almost always the price.

Screen the tenant (income, history and references), back the rent with an insurance policy, sign a complete written lease and do an inventory with photos on move-in day. Professional management handles all of this, and acts if something goes wrong.

Advice, the initial valuation and publishing are free. We only charge a commission when the property is sold or rented.

The Aburrá Valley and eastern Antioquia: Medellín, Envigado, Sabaneta, Itagüí, Bello, Rionegro and La Ceja, among others.

First, the estate must be settled (sucesión) so the property is registered to the heirs on the title certificate. If all heirs agree, this can be done before a notary, which is usually faster than going through the courts. Once it is registered, all heirs (or their attorneys) sign the sale deed. Marketing can start while the estate is being settled.

You can. Usually part of the buyer’s payment is used to pay off the loan: the bank issues a payoff letter and authorizes the mortgage release, which is signed at the notary together with the sale deed. If the buyer uses a mortgage too, the banks coordinate the disbursements. Ask your bank for the updated balance before setting a price.

Your ID, proof of income (employment letter, bank statements or tax return) and an approved rental application. The review is done by the rental insurance company, which, depending on the case, approves it with or without a co-signer.

No. Colombian Law 820 of 2003 prohibits requiring cash deposits or other real guarantees for urban residential leases. Valid guarantees include co-signers or insurance policies.

For urban housing, rent can be adjusted once every 12 months, and the increase cannot exceed the previous calendar year’s CPI (IPC). The tenant must be notified of the adjustment.

It depends on the lease and the building rules. Each property listing shows whether pets are allowed.

Report it as soon as possible with photos. Depending on the type of damage, either the owner or the tenant pays for the repair.

No, unless the landlord expressly authorizes it in writing. Doing so without authorization is grounds to end the lease.

Yes, with three months’ written notice. If you leave before the lease ends, the law sets a penalty of three months’ rent, unless both parties agree otherwise.

We check the property against the initial inventory. You must return it in the same condition, except for normal wear and tear, with proof of paid bills and all the keys.

At the notary, 1% of the sale price is withheld as an advance on your income tax. If you owned the property for two years or more, the profit is taxed as an occasional gain (15%); for individuals, the profit on selling their own home is partly exempt. Notary and registration costs are split as buyer and seller agree. Confirm your case with an accountant.

Yes. Rent counts as income on your tax return if you are required to file. If the tenant is a company, it usually withholds tax at source from the rent. Keep receipts for building fees, property tax and repairs.

The owner, even when the property is rented. It is a yearly municipal tax, and municipalities usually offer a discount for early payment.

Usually the tenant, from the day they receive the property until handover. When the lease ends, they must show proof the bills are fully paid.

As a rule, owner and tenant are jointly liable to the utility company. Law 820 of 2003 lets the owner avoid that liability by notifying the company of the lease and providing the required guarantees. That is why it pays to check the bills during the lease and require proof of payment at the end.

A policy that guarantees the rent if the tenant defaults. The insurer screens the tenant before the lease is approved and, if they stop paying, pays the owner while the property is recovered. In some cases the insurer also requires a co-signer.

It always covers the rent. Depending on the coverage purchased, it can also cover building fees, unpaid utilities and damage to the property. Coverage and limits vary by policy.

The owner is responsible to the building. The lease can state that the tenant pays the regular fee along with the rent.

Usually the owner, because they fund works and investments in the building that raise the property’s value.

Yes. The building rules (Law 675 of 2001) apply to whoever lives in the property: quiet hours, pets, use of shared areas and moves. Fines are charged to the owner, who can pass them on to the tenant under the lease.

Use the PQRS form. Your request is logged with a date, and we reply to the email you give us.

Only to manage your relationship with us, as Colombian Law 1581 of 2012 requires. You can view, correct or ask us to delete your data.