I would like to start by offering some background on INVU: The Instituto Nacional de Vivienda y Urbanismo (National Institute of Housing and Urban Planning) is a public entity responsible for executing policies and plans regarding urban development and land use. In addition, they design, coordinate
Entering a formal contract can be daunting at first, depending on the object of the contract (a car, a house, a leasing, an insurance policy, you name it). When it comes to contracts in general, there’s a Latin phrase that goes “pacta sunt servanda” which
Everything seems to be centered around the pandemic lately as it should. It is reasonable to say that this has changed our lifestyle in many different ways (some of those ways were nearly unthinkable prior to the pandemic) and that there are not many choices
Essentially a Due Diligence is the process of really making sure that everything is as it was presented to the buyer, before proceeding to make any potential purchase. When a company or a person is interested in acquiring land, and given the economic magnitude of the transaction, it is
Purchasing property in Costa Rica can seem like an uncertain investment. The process normally begins with an offer on the property. This process usually consists of the realtor presenting an offer on your behalf, based on the asking price. This can be negotiated between Buyer and Seller. An accepted
Sometimes, we hear people from older generations talking about historical events that we didn’t witness, perhaps because we were not even around when such events took place. Other times we may have heard about some of those events, or we were around when they happened,
As promised, here we are with an article that addresses some topics that were briefly introduced in a previous article titled: “The ABC of Easements: What Are They and How Are They Created.” So, if you just ran into this article I suggest you go back
Under Costa Rican law, the following options are available to purchase and to own real estate. Fee Simple Absolute This option is the absolute title for a piece of land, free of any other claims against the title, which one can sell or pass to another
On May 20th, 2020, Mr. Carlos Alvarado, President of Costa Rica, signed a Law that seeks to alleviate local taxpayers as well as the financial management of the municipalities affected by Covid-19. It is a law that gives taxpayers the ability to request an extension on
Today, we are going to address another topic that is essential to this field: easements. When we discussed some of the aspects concerning the right of ownership, we posited that such a right is, under the branch of civil law known as “real rights” (meaning the