On this occasion, we are going to address in a brief manner a topic that tends to be somewhat technical in the Civil Law field. A property or real estate can be acquired in many different ways through Costa Rican law. Perhaps the ones that come to mind first are: […]
All posts tagged: Property Law
An Expat Guide on How to Buy Property
So you’ve pulled up stakes, and you have packed your wagon and are headed to the tropics, as in Costa Rica? You’ve had every family member question your judgement and promise to visit. You are ready to buy your dream home in Paradise. With the help of a qualified lawyer, your […]
Using an Escrow Account in Costa Rica
An escrow account is essentially a pass-through third-party account, created for the purpose of a Real Estate purchase. It is meant to protect both the buyer and seller all parties in the transaction. Outlier Legal highly recommends using this service for your real estate purchase – here’s why: Example: […]
Due Diligence: Verification that Taxes are Up to Date
A fundamental step in due diligence is to verify that the property is up-to-date with the Municipality Taxes (known as property taxes). This information will assure the future owner of the property that the property does not have any overdue taxes with the Municipality. Part of the many faculties […]
Due Diligence: Evaluation of Outstanding Debts and Liabilities
An important part of buying real estate is checking the status of outstanding debts on properties or businesses. Let’s start with the property. When checking a property title, you will find certain annotations that could raise a flag when it comes to debs, specifically when the property has […]
Due Diligence: Inspections and Appraisals
As we have previously mentioned, whenever you are looking to buy real estate, it is important to undergo a process that allows the buyer to review the property, providing them with the opportunity to identify potential issues or problems that could impact the purchase. This process is known as Due […]
Buying Property Series: Letter of Intent vs Purchase Agreement
Finding the place of your dreams is exciting and can lead to rushing into making a decision, like signing documentation without really understanding the scope of what we are agreeing to. We have previously referred to the importance of getting advice before signing any paperwork. This is advice that applies to […]
Real Estate Series: Buying Property in Costa Rica
Buying property is an exciting endeavor, but it can also produce some anxiety as it usually entails spending a considerable amount of money and such feelings increase when you are entering the unknown: buying in a foreign country. Whether you decide to keep the real estate as part of your […]
What to Know before Buying a Property that Hasn’t Been Built Yet
Buying a property is part of the life plan for many people; a plan that incorporates the hopes, life-long dreams, and wishes of many families, along with it being an important financial investment. For some, there are expectations to live closer to your workplace or to the beach. For others, […]
Land Segregation in Costa Rica: The New Conditions
After several months of heated discussions, a new set of regulations pertaining to land division in Costa Rica were introduced on September 14th. In order to understand the background of this situation, I will offer a brief recap of how land division has been regulated in Costa Rica over the years. […]
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