I provide all legal services as a real estate attorney and notary public. I can help you with due diligence and all the steps to buying real estate in Costa Rica. Even advise you with mortgages and fiduciary agreements. Property disputes and litigation are my specialties. As a real estate attorney in Costa Rica, I ensure that your property transactions are done correctly. My real estate law firm will help you with everything. This article covers the basics of successfully buying real estate in Costa Rica to avoid future problems and even litigation.
If you plan to buy real estate in Costa Rica, it’s wise to hire a real estate law firm. A real estate attorney in Costa Rica is necessary for the following reasons:
The Registry will also certify the area of the property in Costa Rica and its boundaries. It establishes if it is free from encumbrances, such as mortgages or liens. Every real estate property in Costa Rica has a cadastral reference and plan of the property itself. All of this information is important when performing due diligence on the property. The cadastral plan of the property in Costa Rica is vital to ensure that you are buying the property that is being shown to you. It must coincide with the cadastral plan. A topographer is necessary to corroborate in the site.
As a real estate lawyer, I must also ascertain if the property in Costa Rica is up today with taxes. This information must be researched in the Municipality where the property is situated. Every property in Costa Rica is taxed with an annual property tax. The tax is 0.25 percent of the property’s registered value as established in the Municipality. As part of due diligence, I must look into this. You don’t want to end up paying taxes that were due by the past owner. If you are considering a real estate property as your home, there are certain family law considerations that you should be aware of, if you wish to place the asset in a corporation. You may also want to read about powers of attorney, and their role in the corporate structure. Please click HERE to continue reading about real estate in Costa Rica.