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Considerations for Incorporating a Company When Buying Property in 2019

Current Considerations for Incorporating a Company When Buying Property in 2019

I started practicing law in Costa Rica in 2003. At the time, incorporating, or not incorporating a company in Costa Rica to hold real property and other assets, was a straight forward decision. Property buyers were Incorporating a Company for basically 3 reasons: 1.      Limited liability aspect afforded by the corporate structure, 2.      Anonymity afforded […]

What is a real estate purchase option in Costa Rica?

Real Estate FAQ | What is a real estate purchase option in Costa Rica?

What is a real estate purchase option and when is it needed? Who writes up this purchase agreement? What should be in this contract? Is it legally binding? A real estate purchase option is a contract where the seller gives the buyer the exclusive right to purchase a specific piece of property. The contract stipulates […]

6 Promises by Residential real estate developers that should worry buyers

6 Promises by Residential real estate developers that should worry buyers

Residential real estate developers and builders in Costa Rica make promises quite easily.  That’s because promises are easily made, as long as the sale is made, right! A buyer often cannot even start to imagine how difficult those promises are to fulfill. Especially in a buyer’s market, when you will find an excess of inventory […]