To find property for rent by owner in Belize (often abbreviated as FRBO), a combination of online platforms, local resources, and direct word-of-mouth can be used.
Featured Property:
Resort Development in Belize
Location
Belize, Stann Creek
Property Type
Investment Property
Bedrooms
N/A
Bathrooms
N/A
Price
$119,000
Belmopan is the capital city of Belize, positioned in the Cayo District, about 80 km (50 miles) inland from the Caribbean coast.
Websites that are set-up for FRBO, allow filtering for owner-listed rentals, and when searching be sure about what you want such as location, budget, and the type of housing.
Never wire money or send deposits before seeing the property, and ask for a lease and verify ownership if possible by using local property tax records.
Buying a property or house that is then set up as a "for rent by owner" (FRBO), is usually one that is intended to be rented out without the assistance of a property manager.
When a suitable property has been found evaluate the property as an investment, and ask for current rental rates and payment history, maintenance records, property expenses such as taxes, insurance and utilities costs.
You can work directly with the owner or hire a real estate attorney or buyer's agent to help draft an offer, but before making an offer perform due diligence such as hiring a licensed home inspector and ensure there are no liens.
If considering buying an investment property that is currently a rental, there is the option to contact the manager or proprietor of a Belmopan Belize property for rent by owner, and then use a title company or closing attorney to handle the purchase process.
Belize, a quiet, peaceful democratic country of approximately 250,000 people, is located in Central America on the Caribbean Sea, and bordered by Mexico and Guatemala. The climate is tropical with a rainy season from May to November and a dry season from February to May. English is the official language, while Spanish, Mayan, Garifuna and Creole are also spoken here.
The country has a relaxed way of life, which is simultaneously comforting and jarring for those used to the typical fast-paced environments of the U.S.
Belize is in Central America but has more in common with the Caribbean despite its dominant second language being English. Formerly known as British Honduras Belize is UK’s last colony on American mainland.
Once a property has been chosen a 10% deposit must be paid, which takes the property off the market. It is the duty of the lawyer to ensure that a title for the property actually exists since there are unregistered properties in Belize. The lawyer is responsible for performing due diligence. It is typical for the buyer and seller to have separate lawyers.
