What is meant by merging and division of assets?
The merging of an asset is when it is conformed of a sole property, that is merged by adjoined lots.
- National ID card.
- Public deeds.
- Certificate of tradition and freedom.
- Detailed plans or blueprints of the lots.
- Certificates of good standing for the valuation of the property and its taxes.
Frequently Asked Questions
Which requirements must be met in order to merge?
Photocopy of the property owner’s ID card, property deed, plans for future merging of the area, certificates of good standing for property valuation and taxes; a certificate of tradition and freedom of the property, these should not be older than 30 days.
What does a division of a lot entail?
It is the division of a lot or land into two or more parts.
What is needed for the division?
A division license made my the municipal license bureau or the municipal planning office, a deed showing who the property owner is, certificates of good standing for property valuation and taxes; a certificate of tradition and freedom of the property.
Can anyone do the merging or dividing process of an asset?
No, solely the owner.