CONTRACTS IN ENGLISH HOLD NO LEGAL WEIGHT IN PANAMA.
Contracts signed are legally binding documents, and you should ensure that you have read and understood them completely before signing. All judicial processes in Panama are conducted in Spanish. For any real estate transaction in Panama, a contract written solely in English carries no legal weight, and is generally not recognized. All contracts for property and real estate in Panama must be in Spanish on a formal public deed, and signed before a public notary, in order to be legally enforceable and where applicable, be filed at the Public Registry.
GET PROFESSIONAL LEGAL HELP.
As when purchasing real estate in the U.S., common sense should be the guiding factor. Engage a reputable attorney. While we as your real estate agent can help you through the steps of buying, we cannot provide you with legal advice; an attorney does that. Even some Panama City-based real estate lawyers might not be fully familiar with such intricacies as land law in certain areas, such as Bocas del Toro.
