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    eller agree what to sell -the thing- and for how much-the price) except in those cases where the law requires certain formalities. In the case of real estate, article 1801 of the Chilean Civil Code has established that the contract is not perfect or valid until
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    Well, like most things related to law, the devil is in the details.

    There is more than a little confusion on the Internet about how to buy property in Chile as a foreigner. There are many articles dealing with all the great deals in Chile, which often include a few fuzzy details about the legal requirements, but a surprising few that really dig into the detailed legal issues involved. Here we hope to sort out a few of the misconceptions, but certainly not all of them, when it comes to buying property in Chile as a foreigner. In this article we touch on the basics of the procedures, the Cost, the contract requirements, and the difference between a RUT and RUN ID systems that are required to purchase a property in Chile.

    1.Purchase and Sale Contract in the Chilean Legal System
    The contract of purchase and sale is regulated by the Civil Code articles Art. 1793 through 1896. This contract is usually consensual, (it exist and has legal authority from the moment the buyer and seller agree what to sell -the thing- and for how much-the price) except in those cases where the law requires certain formalities. In the case of real estate, article 1801 of the Chilean Civil Code has established that the contract is not perfect or valid until
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    als in Chile, which often include a few fuzzy details about the legal requirements, but a surprising few that really dig into the detailed legal issues involved. Here we hope to sort out a few of the misconceptions, but certainly not all of them, when it comes to buying property in Chile as a foreigner. In this article we touch on the basics of the procedures, the Cost, the contract requirements, and the difference between a RUT and RUN ID systems that are required to purchase a property in Chile.

    1.Purchase and Sale Contract in the Chilean Legal System
    The contract of purchase and sale is regulated by the Civil Code articles Art. 1793 through 1896. This contract is usually consensual, (it exist and has legal authority from the moment the buyer and seller agree what to sell -the thing- and for how much-the price) except in those cases where the law requires certain formalities. In the case of real estate, article 1801 of the Chilean Civil Code has established that the contract is not perfect or valid until
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    o buying property in Chile as a foreigner. In this article we touch on the basics of the procedures, the Cost, the contract requirements, and the difference between a RUT and RUN ID systems that are required to purchase a property in Chile.

    1.Purchase and Sale Contract in the Chilean Legal System
    The contract of purchase and sale is regulated by the Civil Code articles Art. 1793 through 1896. This contract is usually consensual, (it exist and has legal authority from the moment the buyer and seller agree what to sell -the thing- and for how much-the price) except in those cases where the law requires certain formalities. In the case of real estate, article 1801 of the Chilean Civil Code has established that the contract is not perfect or valid until
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    rchase and Sale Contract in the Chilean Legal System
    The contract of purchase and sale is regulated by the Civil Code articles Art. 1793 through 1896. This contract is usually consensual, (it exist and has legal authority from the moment the buyer and seller agree what to sell -the thing- and for how much-the price) except in those cases where the law requires certain formalities. In the case of real estate, article 1801 of the Chilean Civil Code has established that the contract is not perfect or valid until
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    eller agree what to sell -the thing- and for how much-the price) except in those cases where the law requires certain formalities. In the case of real estate, article 1801 of the Chilean Civil Code has established that the contract is not perfect or valid until the signing of a formal document called escritura p?blica.



    In order to get this document (which contains the contract itself) the text must be written in a certain format, in most cases prepared by an attorney. The draft prepared by the attorney must be transfered to an archive copy, usually a task for the Notary staff, and that copy is signed by the parties at the Notary's office.



    This formality does not imply just signing a document at the Notary. It is a special type of document that will become part of an Archive or Public Record at the Notary itself. At this point you just have a title. In order to be the actual owner of the property you must take a copy of the formalized contract and complete the ownership inscription at the Property Archive of the Registry. (Inscripci?n de Dominio en el Registro de Propiedad del Conservador de Bienes Ra?ces). That ownership inscription is the legal obligation to complete the transfer of property to your name. Until completed, you have simply bought the right to

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