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Orientation:
Property and real estate in Costa Rica
In Costa Rica, foreigners are allowed to own
property, and are treated equally under the law. All real
property, autos, machinery, and land, is registered in the
Registro Nacional, or the National Registry. With a new online
service for searching titles, an owner can check his titles from
time to time, to determine that no changes are made without his
knowledge.
Whereas in many countries you may own the
land and all water and mineral resources upon or under it, in
Costa Rica the government retains administration of water and
minerals, and after a long solicitation process may (and in the
case of water usually does) allow you a usage license, amounts
usually stipulated. Fees for water use are minimal.
The government is ceasing to allow sales,
encumbrances, and developments of land when the farm has no
Plano Catastrado, which is a plan drawn by a topógrafo,
or surveyor, clearly marking boundaries and usually noting
rights-of-way over it.
I can gladly refer you to verifiably capable
professionals who can do a thorough search of any property title
before a sale, even going back to original handwritten legal
records when necessary. Unique Costa Rican testamentary and
shared-ownership provisions have in the past rendered this type of
search necessary. These complications are becoming much less
common with modernization.
Land use is likewise controlled in
theory, although only recently has the government begun to assume
more of the authority it had legislated itself. If the
municipalities wish to assume control of their own development,
they are allowed to establish zoning plans, which, like North
American zoning plans, stipulate land usage and types of
construction. Failing a zoning plan, control of development falls
to INVU, which is a national housing and development authority.
Likewise, a newly established environmental
institute has been commissioned to vet and approve all
projects above a certain size, and can demand environmental
studies be performed prior to development. Smaller homes can be
exempted from this process, larger homes may not be.
For most immigrants, their interests will
run to ample lots or small farms (called quintas), many
with a home already built, and with appropriate approvals in hand.
For those who wish to build, constructions over 90m2 will require
permit by INVU as well as by the municipality.
Taxation on real property in Atenas
is only Impuestos Territoriales, and at the time of this
writing are quite reasonable, payable at the municipality. No school
taxes are imposed, and water is charged by the cubic meter in a
monthly bill from Aqueductos y Alcantarillados, a national water
utility.
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Larry@atenasrealty.com
(011)506-2446-5587
8848-2098 Fax 2446-6540
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