DETAILED CLOSING GUIDE

The information below provides more details on the closing process, and is divided into the following topics:

• Titling Your Property (Individual[s], Non-Dominican Republic Business, Dominican Republic Business)
• Certificate of Title Numbers (all properties have been surveyed and are approved)
• Closing Costs, Cash Closing (Non-Self-Directed IRA Buyers and Self-Directed IRA Buyers)
• Title to Your Lot / Property Transfer Tax Fee
• Owner-Financed Closing

Applicable Real Estate Law and Deslinde

Real estate transactions in the Dominican Republic are governed by Property Registry Law No. 108-05 and its regulations. The Foreign Investment Law provides foreign investors the same rights to own property as are guaranteed by the Dominican Constitution to Dominican investors.

Important Note: Foreign property owners (individuals and businesses) must be registered in the country to own property. The section below on "Titling Your Property" describes in detail the process for registering your foreign business. As part of the registration process for both individuals and businesses, a copy of the passport of any individual named on the title, or any member of the business named on the title, must be submitted to the Dominican Republic Title Registry. Please be advised that if you do not already have a passport when you reserve your lot, you will need to obtain one before you can be issued title to your property. You can close on your lot without a passport.

Real estate transactions in the Dominican Republic were modernized with Property Registry Law # 108-05, which went into effect April 4, 2007. Among other things, the new law requires a "deslinde" for all real estate transactions.

Sunset Valley Estates S.A. is in compliance with the new deslinde procedure required for all real estate transactions in the Dominican Republic. Phase II is currently in the survey phase of this procedure. For more information, View Deslinde.