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Last Updated: Feb 24th, 2010 - 09:20:56 |
Explore Costa Rica.com is Costa Rica's online English language daily newspaper, featuring Costa Rica News, Costa Rica Events, Central America News, Costa Rica Weather, Costa Rica Travel, Costa Rica Business, Costa Rica Real Estate, Costa Rica Hotels, Surfing, Fishing, Golf Tournaments, for all those traveling or living in Costa Rica. Costa Rica Real Estate: Costa Rica Investments: Costa Rica General Info: Costa Rica Area Info: Central Pacific Costa Rica: Living & Retiring in Costa Rica
Options and Contracts in Costa Rica
Options to buy and sell Costa Rica properties are legal, but cannot be registered at the Registry of Properties as a real right affecting a property.
It is possible that even if you have an option, a disreputable person could sell the land to someone else, leaving only the courts as recourse to recover the deposit. A legal guarantee called a Reserva de Prioridad can be registered against the property giving exclusive rights for a maximum of 30 days.
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