Would you give $100K of your life savings to your banker without receiving any documents that prove the deposit? I would not, and I wouldn’t give it to a real estate developer in Costa Rica without proof of ownership either.
Costa Rican law regulates the effective collection of condominium maintenance fees, and the consequences of non-payment can be as severe as being evicted and losing your property.
If you are shopping around for a condo in Costa Rica, you might not realize that you will need to pay a condo fee as soon as you have closed on your purchase. The condo fee might double or even triple once the HOA takes over the administration of the condominium.
Several financial institutions have announced their terms and conditions for financing options they are offering this week at the Construction and Housing Expo at the Pedregal Events Center in Belén, Heredia, on housing projects ranging from $45,000 to more than $1 million dollars.
In the beginning of the 90s, a client of mine brought a suitcase of money to Costa Rica, who knows what bank he had robbed. It was pretty normal back in those days to buy real estate in cash. We had cash buyers all the time then, and people would bring stacks of dollar bills.
The Ministry of Environment and Energy (MINAE) and the National System of Conservation Areas (SINAC-MINAE) annouced the Constitutional Court rejected the action filed by...
