Costa Rica Hotels for sale

Live in Costa Rica
Buying Real Estate PDF Print E-mail

Lic. Rodrigo José Pastor Peralta
Attorney /Abogado
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

In Costa Rica, a private contract celebrated between two or more parties is viewed as a law by which the participants must abide. Some contracts, like real estate purchases, must produce effects on to non-participants of the contract. For this reason, real estate sale contracts must be performed before a Notary Public in a signed legal instrument, and registered in the Real Estate section of the Public Registry.

It is very important that people are fully aware of the registry situation of the property they wish to buy before they commit to the sale. Furthermore they must verify the registry of their properties once the sale is complete. It is the Notary Public ´s duty to inform all parties involved of the legal ramifications the sale might have. It is also the Notary Public ´s job to perform the initial study and situation of the piece of real estate subject of the contract and submit the deed to the Public Registry for inscription. It is not unheard of, however, that some unscrupulous Notary Publics associated with hustlers or con men will take advantage of ignorant or naive clients, most often foreigners, and sell properties that belong to other people, or sell the same property more than once having not registered any sales to begin with.

As I stated, it is the Notary ´s obligation to register the transaction in the Public Registry. Sometimes, the deed will have a defect which will prevent it from being registered. When this happens, the Notarial Code states that the Notary Public has exactly one year to correct the defect. If, after that year the correction has not been made, the presentation of the deed is cancelled. This means that in the eyes of the Public Registry, the contract never existed, giving way to uncertainty and eventually to fraud and legal battles. This is why you must always ask for proof that the deed is in fact registered, a small detail that will inevitably save you a lot of headaches.

It is also a pre requisite for registration, that the property, edification, condominium, etc. you buy, have a plat map drawn up by an accredited surveyor and dully filed in the cadastre and authorized by the corresponding Municipality.

It may happen that the property you wish to buy is not registered. There are remote places in Costa Rica that have still not been plat mapped. This does not mean you cannot buy the property with a private contract, but to be able to register the piece of real estate as your own you must go through the proceedings called “Información Posesoria,” but that will be addressed in an upcoming issue.

 
 

Contact us

"Specializing in Extraordinary Vacations to Costa Rica"

Christopher Howard - E-mail
Travel Author & Consultant
"The NEW Golden Door to Living and Retiring in Costa Rica"

To sign up call
Toll Free U.S. 877-884-2502 (afternoons)
or 800-365-2342  
Mobile 011 506 8849-0081 24 hours a day

Methods of Payment:
By check

or

WE NOW ACCEPT CREDIT CARDS

Follow us on...

Facebook I Like Follow us on twitter Join us in Linkedin

New E-Books

Now available to buy through

Costa Rica Books

The New Golden Door to Retirement and Living in Costa Rica
This comprehensive guide covers all aspects of living, retiring and investing in Costa Rica.

Guide to Real Estate in Costa Rica
New e-book is expat guide to buying real estate in Costa Rica.

Guide to Costa Rica Spanish
This popular e-book has helped 1000s of people master the basics of using Spanish in real life situation.

About our tours

See Tour dates for
schedules and availability

retirement, living a invest in costa rica

Discover Costa Rica
and begin your new life
Sign up now for one Christopher's comprehensive
retirement-relocation tours
Sign up for a tour


How we select the sample of homes and properties we show you on the tour

Free Spanish Lessons - Click Here!!

We need Tour Operators

Moon Travel Guides


These are the ONLY
Relocation/Retirement
Tours that were approved
by the Costa Rican government’s
Institute of Tourism (ICT) in 2004

Our business is
retirement/relocation
and investment tours and...

Publishing accurate and timely information on
Costa Rica living

Tour Picts

Happy campers on my November 2011
Live in Costa Rica Retirement/Relocation Tour


Learn how to live Better & Cheaper with more gusto

Let me show you HERE

why this is the best tour you could ever take to retire and relocate
to Costa Rica

Tours for all AGES and BUDGETS

Coming Soon

From Christopher Howard
and Costa Rica Books

Official Guide to Costa Rica Law


Costa Rica Books for Retirement
Free Spanish Lessons