P.R. Laws tit. 23, § 11007c
Any deeds, petitions or documents, judicial, public or private related to the registration, annotation, cancellation, release, restriction, constitution, modification, extension, rectification, limitation, creation or renewal of any real property or contractual right that has access to the Property Registry of Puerto Rico executed in connection with parcels of land located within the film development zones shall be fully exempt from the payment of internal revenue, legal aid and notarial assistance stamps and Property Registry of Puerto Rico presentation and recordation vouchers including, but not limited to, internal revenue, legal assistance or any other stamps taxes required by law or regulation for the execution, issuance of any partial or complete certified copy, presentation, recordation or any other operation in the Property Registry of Puerto Rico. The aforementioned exemption shall be subject to the prior approval in each instance of the Secretary of Development. The approval of the Secretary of Development shall be evidenced by a certification issued by the Secretary of Development to that effect, copy of which (i) must be delivered to the notary, Property Registrar of Puerto Rico, court of law or any other governmental entity before which the exemptions provided herein are being claimed, and (ii) shall accompany any deed or document filed in the Property Registry of Puerto Rico. The persons and entities described above are hereby authorized to rely on the certification issued by the Secretary of Development, which shall be presumed final and binding for all legal purposes.
The term “real property or contractual right that has access to the Property Registry of Puerto Rico” used in the foregoing paragraph, includes all real property rights or personal rights which currently have or may in the future have access to the Property Registry of Puerto Rico including, without limitation:
(a) Easements, whether legal, real or personal or equitable easements;
(b) constitution of horizontal property, timeshare, vacation club, or condo-hotel property regimes;
(c) surface or construction rights, and any other acknowledgement of construction or certification of completion of construction or improvement, the registration of which is requested in the Puerto Rico Registry of Property;
(d) leases;
(e) mortgages;
(f) purchases and sales;
(g) exchanges;
(h) donations;
(i) rights of first offer, refusal and repurchase and annuities (known in Spanish as “censos”);
(j) private water rights;
(k) administrative concessions;
(l) options to purchase, and
(m) covenants and use restrictions.
History —Mar. 4, 2011, No. 27, § 8.4.