Deposits on Costa Rica Real Estate
Deposits are not common in Costa Rica Real Estate. When a deposit is given to a lawyer or realtor, the money usually goes into his or her personal account, as trust accounts as known in North America do not exist.
If the completion of Costa Rica property purchase is to be on an agreed date in the future, an option can be taken which gives the vendor a sum of money for which he guarantees a right to purchase for a certain period of time. The Casa Canada Group’s financial department in Casa Canada Anexo 2 will hold funds in trust for a real estate, business or other purchase.
