Alienation of real state in Colombia within the framework of the Law 388, 1997

Abstract

In Colombia, there is an important legislation over legal and technical lineaments to acquire properties in urban or rural zones. In particular, when one of the actors or a person that intervenes in the process of acquisition is the State. In this sense, it is regulated in relation to the forced alienation and the volunteer alienation. The regulations include procedures that should be followed in cases when the State Entity wants to buy the real state. In any case, if the real state’s owner is going to use it or for a public work and therefore it is for a general benefit. According to valid regulations and procedures, this should include vivid real situations, in the last ten years is important to highlight adjustments to this normality that allows improving procedures and minimize prejudices for one of the parts.