Posts In Category

Real Estate

RENEGOTIATION OF CONTRACTS IN THE CASE OF FORCE MAJEURE
BusinessEconomyReal Estate

Due to the current state of emergency declared in Costa Rica because of the COVID-19 pandemic, questions have arisen regarding whether it is possible to renegotiate contracts instead of terminating them. If a business is facing financial difficulties, those businesses should ensure that contracts are not terminated and that renegotiations

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bill to pass
BusinessLandlord/TenantReal Estate

This past Tuesday, March 24th, a new bill was received by the Legislative Branch pertaining to a proposed moratorium on judicial and administrative evictions, which means that landlords would not be able to evict their tenants if they fail to pay rent during the term of this moratorium. This law would aim

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General guidelines for Condominiums due to health alert by Coronavirus (COVID-19)
Landlord/TenantReal Estate

On March 22nd, 2020, the Department of Health published the latest version of these guidelines applicable to commercial and residential condominiums, as part of the preventive and mitigation actions dictated for addressing the alert by COVID-19. These guidelines will be reviewed periodically, and the latest version will be published in the

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Tax-Rates-for-Strengthening-Solidarity-Housing-Programs-(ISO)
GovernmentReal EstateTaxes

The solidarity tax, also known as the “tax on luxury homes,” was created by Law No. 8683 on November 19, 2008 and had been in effect since October 1, 2009. The official title of this tax is the Solidarity Tax to Strengthen Housing Programs. This tax was created to fund

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non-traditional-accomodations-costa-rica
PropertyReal EstateTourism

The current technological revolution includes mobile applications for all kinds of services, from buying food and objects which you receive at your door, a ride around town and even non-traditional renting. In Costa Rica the latter type of service had not been regulated until the middle of the month of

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The-Maritime-Zone-in-Costa-Rica
GovernmentPropertyReal Estate

Costa Rica is a country rich in biodiversity: forests, beaches, mangroves, and wildlife are among the many natural resources protected by the state through solid environmental legislation. The extensive coastal zone includes two oceans and extends throughout the country. The Law on Maritime Zone No. 6043 establishes guidelines the protection

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Investing-in-Real-Estate--Advice-for-Securing-Your-Investment
PropertyReal Estate

The Costa Rican real estate industry is growing slowly due to the economic slowdown that our country is currently going through. However, there still are plenty of real estate projects being developed in urban and rural areas and, of course, they come with a lot of benefits and amenities which

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Are-you-a-landlord-in-Costa-Rica.-Find-out-about-the-obligations-according-to-the-new-Tax-Law
Landlord/TenantPropertyReal Estate

If you are the owner of a property in Costa Rica and offer it for rent, you should know that Law No. 9635 (the Law for Strengthening Public Finances) introduced new obligations that you must comply with. Leases in Costa Rica are governed by Law No. 7527 (Urban and Suburban

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BusinessLandlord/TenantReal EstateTourism

The Costa Rican Congress introduced a bill to regulate non-traditional lodgings such as AirB&B or VRBO.   The Proposal The proposal for the law intends to regulate the short-term rentals or vacation rentals. It will be applicable to various types of properties, whether it is a home, an apartment, villas,

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ImmigrationReal Estate

There is the option of obtaining residency in Costa Rica through the purchase of real estate. Generally, this is called residency through investment as it requires making an “investment” of $200,000 USD in real estate. Many countries offer the option for foreigners to obtain residency or even in some instances

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