What Should I Ask My Independent Lawyer About Ownership Structure & Deposits?

Ask for a clear explanation of who will own the property at closing and how ownership will be held (individual names, a company, or a trust/共同 ownership). Have the lawyer outline why a particular structure is recommended for your situation and any risks it may create for foreign buyers, long-term use, or resale. For deposits, request whether any money will be placed in escrow, who holds it, under what conditions it can be kept or refunded, and what happens if the deal falls through or deadlines slip. Review the contract’s termination rights, deposit schedule, and penalties in plain language. Request copies of essential documents early: the title deed or chanote, encumbrance certificates, recent tax assessments, any building permits or approvals, and existing leases or encumbrances. Clarify responsibilities for taxes, transfer costs, maintenance, and any ongoing fees or restrictions. Finally, ask for a risk checklist and written confirmations tailored to the exact property and transaction to avoid surprises later in the process.