During the design phase of a real estate project, attention is often focused on architectural aspects. However, while architects play a key role in the project’s success, there are other equally important factors that must be considered from the beginning. Beyond the architectural design, it is essential to integrate a legal team specialized in horizontal property laws to ensure that the project operates optimally in the long term.
It is crucial for the developer, along with the physical design, to also assess the necessary reserves and the administrative feasibility once the project is built. This is where legal advice becomes invaluable. A legal team well-versed in horizontal property laws can help design a management and maintenance framework that not only meets the current needs of the project but also anticipates future challenges, thus protecting the developer’s rights, even in the post-construction phase.
In this initial phase, it is also possible to identify opportunities and challenges that may arise during construction and in the post-construction phase, especially in projects developed in stages. This foresight is essential for including the necessary reserves in the property bylaws, ensuring that the developer’s rights are safeguarded and that the project progresses smoothly.
Well-designed bylaws, tailored to the specifics of the project, will not only facilitate its management but also provide the developer with the necessary tools to handle construction and post-construction administration successfully. This becomes especially important in the years following construction, when the developer begins to realize the economic benefits of the investment and needs to maintain proper control over the development.
When hiring a new employee, it is essential for every employer to consider that our labor law stipulates that if the employer terminates the contract before the scheduled start date of the employment relationship, they must compensate the worker for the damages caused, which cannot be less than one month’s salary, except in contracts agreed […]
Private interest foundations offer a range of advantages that complement corporations and trusts as estate planning instruments. Limitations of Corporations and Trusts in Estate Planning Using a holding corporation as an estate planning vehicle generally requires one of two options for transferring wealth to future generations: (i) drafting a will to pass on corporate shares […]
During the design phase of a real estate project, attention is often focused on architectural aspects. However, while architects play a key role in the project’s success, there are other equally important factors that must be considered from the beginning. Beyond the architectural design, it is essential to integrate a legal team specialized in horizontal […]
The principle of reverse solicitation allows financial services companies to offer their services to clients in foreign jurisdictions without requiring a local license or presence, as long as the client initiates the contact. This is especially relevant for cross-border financial transactions conducted via online platforms, where regulations vary between countries. In Panama, the legal framework […]