Rules & Regulations
Municipal lease land - 150-meter zone Costa Rica Real Estate
By Explore Costa Rica Staff
May 5, 2005, 21:16

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In the majority of the country, the next 150 meters from the 50-meter zone is regulated by the municipality, and can only be leased, never owned. For a foreigner to lease this land, a Costa Rican must show as owner of more than 50% of the company doing the leasing.

A foreigner cannot lease this land personally. A good lawyer can set up a company that will serve the investor's purpose, and meet the law. There may be restrictions or zoning on the leased land - this will be published in the Plan Regulador of each municipality. Ensure you have a good lawyer check this before buying the rights to leased land. Leases are usually inexpensive, and the renewal is usually automatic provided the lessor keeps the lease in good standing. Lease rights can be bought and sold. The law of the Maritime-Terrestrial Zone covering the 200 meters above the high tide line was published in 1977.

If the municipal or federal government want this land back, they must pay the lessee the value of the improvements on the land - they do not have to pay anything for the increase in the value of the right to lease. The value of the improvements is established by a third party designated by the court.

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