costa rica real estateCosta Rica Real Estate transactions begin with a title search, at the Registro Publico (Public Registry), on the property in which you’re interested. All Costa Rica real estate business must be registered with the Registro Publico. Most properties have a title registration number called the “Folio Real.” Once you have this number you can search the database.

The Registro Publico’s Report, called the “Informe Registral,” contains information such as the name of the title holder, boundary lines, tax appraisal, liens, mortgages, recorded easements, and other records that could affect the title.

Costa Rica follows “first in time, first in right” rule. Additions to a property title are prioritized according to the date they were recorded. Make sure your attorney searches your title back to the beginning, unless, “Ju like buy Brooklyn Bridge, jess?”.

The buyer and seller sign the transfer deed “escritura” in the presence of an attorney. The attorney then drafts the transfer deed and registers the sale at the Registro Publico.

Financial contracts can be very confusing. Before signing yourself to a major long term Costa Rica real estate commitment have an attorney, familiar with financing and taxes, examine and explain the details (where the Devil is). A good tax finance attorney can save you many times his fee over the years, not to mention possible legal problems.

Back to the top of Costa Rica Real Estate.