Paying

Payment rules for real estate in Suriname may vary depending on several factors, such as the type of real estate transaction, the parties involved and the specific terms of the purchase agreement. In general, however, there are some standard payments and costs involved in real estate transactions in Suriname:

  1. Purchase price:

The purchase price of the property is the amount that the buyer pays to the seller for the purchase of the property.

  1. Transfer tax:

When purchasing real estate in Suriname, the buyer is usually responsible for paying the transfer tax. This is a tax levied on the transfer of ownership of the property and is calculated as a percentage of the purchase price.

  1. Notary costs:

Notary costs are costs incurred for drawing up the deed of sale and other legal documents required for the transfer of ownership. These costs are usually passed on to the buyer.

  1. Registration costs:

In addition to the notary fees, registration fees may also apply when registering the deed of sale and establishing the transfer of ownership with the relevant authorities.

  1. Brokerage costs:

The broker owes a brokerage fee for the services provided. These costs are usually paid by the seller, but can also be mutually agreed between the buyer and the seller.

  1. Financing costs:

If the buyer takes out a mortgage to finance the purchase of the property, financing costs may apply, such as mortgage interest, closing commission and any other costs associated with the financing.

It is important to carefully understand all payment terms and fees before entering into a real estate transaction in Suriname. It is also advisable to seek advice to ensure that you are fully aware of your rights and obligations in relation to the transaction.

Commission

As a real estate agency, we charge brokerage fees as compensation for our services. Our commission for Purchase Mediation is usually expressed as a percentage of the final sales or purchase price of the property, namely 5% with a minimum of EUR 2,500, excl. VAT.

For rental mediation we charge a brokerage fee that is equal to the first month’s rent per year, excluding VAT.

The brokerage fee for appraisals is set at 2.5 per mille of the appraised value with a minimum of EUR 175, excl. VAT.

However, every transaction is unique and the above brokerage fees can in some cases be adjusted accordingly. In any case, the brokerage fee will be charged when our office meets the contractual requirements. We strive to be transparent about our rates and make clear agreements with our customers before we start work. As recognized professionals in the real estate industry, we are committed to providing our clients with high-quality service and expertise every step of the way.

Deposit

A down payment in real estate transactions can have different meanings depending on the context. Here are some common scenarios:

Down payment when purchasing real estate

When purchasing real estate, a down payment can refer to the amount the buyer pays to the seller as a deposit when signing the purchase contract. This is also called the “deposit” and serves as assurance to the seller that the buyer is serious about the transaction. The amount of the down payment can vary, but is often a percentage of the purchase price, for example 10%.

Down payment when renting real estate

When renting real estate, a deposit can refer to the first month’s rent that the tenant pays to the landlord when signing the lease, along with the security deposit. This down payment serves as security for the landlord that the tenant is serious about renting the property and as cover for any damage or overdue payments.

Down payment for project development

In property development, a down payment can refer to the amount a buyer pays to take an option on a home or plot of land in a new project. This deposit often serves as security for the developer that the buyer is serious about the purchase and can later be applied to the final purchase price.

In short, the down payment is intended to provide security for both the buyer and the seller. The seller is assured that the buyer is serious about the purchase, while the down payment at the same time ensures that the seller is not allowed to offer the piece of real estate to third parties for a certain period. The down payment is generally paid at the real estate agency, but sometimes the notary’s escrow account can also be used. It is important to spell out the specific terms regarding the deposit clearly in the contract and ensure that both parties fully understand what is expected of them.

Payment information Terzol Real Estate

Bank: Finabank NV
Country: Suriname
Account holder: Terzol Vastgoed NV

Account numbers:
SRD 1000 2733 88
EUR 1000 2729 45
USD 1000 2724 97

Foreign transfers

For EURO transfers from abroad you need the following information:
Intermediary Bank: INTESA SAN PAOLO (SPA)
Swift code: BCITITMM
Beneficiary bank: Finabnak N.V. (Suriname)
Swift code: FBNASRPA

For USD transfers from abroad you will need the following information:
Intermediary Bank: Bank of China, Beijing
Swift code: BKCHCNBJ
Beneficiary bank: Finabnak N.V. (Suriname)
Swift code: FBNASRPA

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