Quality Solutions Network S.A, is a leading law firm in Costa Rica. Our notaries may professionally advice our client to make real-estate operations in Costa Rica.
Whether you are a buyer or a seller, lessor or lessee of properties in Costa Rica, our notaries can assist you from the initial stage of negotiation between the parties, until fiscal calculations, and formalizing the transfer deed registration of the property in the National Registry of Costa Rica.
DUE DILIGENCE
Our lawyers conduct the research and thorough analysis of corporations, businesses and real-estate properties for our clients who are looking to invest in a real property or business in Costa Rica. We perform due diligence report which will be an important component in the decision-making and negotiation processes. We offer a confidential and objective investigation to secure our clients rights. Request more information.
TRANSFER OF REAL-ESTATE PROPERTIES
Before you buy a property in Costa Rica, it is advisable to take certain precautions. It is necessary to corroborate the legal state of the property in the Public Registry since the properties may have mortgage liens or existing entries. It is also necessary to verify the status of the payment of local governments’ taxes on the corresponding municipality. After verifying the legal status of the property and previous studies conducted, it is advisable to negotiate with the seller through a contract called "promise of sale". Our lawyers draw up the contract taking into account the provisions of both parties. Next, our notaries create a draft of transfer deed which is a public document and must be submitted to the Public Registry of Costa Rica to finally get your title registered. Request more information.
PAYMENT OF PROPERTY TAXES
If a property is acquired in Costa Rica, it is require to make a quarterly payment of real-estate property taxes to the nearest local government. These taxes are paid at a rate of 0.25% of the value of the property as declared by the taxpayer and accepted by the municipality. These authorities do not personally notify each property owner and lack of payment of this tax may generate serious consequences on the property. Our team of professionals may take care of the quarterly payment of the corresponding taxes.Request more information.
ESCROW SERVICES
Our company has a business agreement with Stewart Tittle, one of the leading companies worldwide offering this type of services. Due to this agreement, we offer our foreign customers or those who have money abroad the service of mediation, monitoring, and payment of money in real estate or other transactions through an independent company with great international prestige. This service provides the required protections to our clients in real-estate transactions or payments or big amounts of money due to contracts, purchases, etc. Any corporation in Costa Rica providing escrow services requires the authorization from SUGEF to manage third-party money so they can receive their funds for purchase or lease at any time without putting at risk their assets.Request more information.
LOANS ON PROPERTIES, MORTGAGES, TRUST, AND CANCELLATION OF ENCUMBRANCES.
To obtain financing, it can be granted any type of security documents on loans. The most common way of doing it, is to make transactions with banking institutions; however you can create mortgages with any natural or legal Costa Rican person dedicated to provide financing services. Our Notaries will guide you through the process of creating the proper legal instrument, impartially advising on the transaction, creating the mortgage or trust, and registering the documents produced in the Public Registry. On the other hand, once the debts are cancelled to the creditor, our notaries will assist in the cancellation of mortgage deeds or other documents created to ensure the payment. Request more information.
POWER OR AUTHORIZATION TO PURCHASE - SALE OF PROPERTY.
In order to purchase or sale real property in Costa Rica, the transfer deed must be signed by the registered owner or by a special representative for this act. This power must be created before a notary public in Costa Rica or, if the person is abroad, it may be granted in the Costa Rican Consulate of the country where the person is located and be sent with the formalities of law to Costa Rica. In the case of corporations, the representative with sufficient power for the acquisition is the person authorized to sign the document. If the representative is not in the country, it can be created a special power to buy or sell a property in Costa Rican territory which may be granted by the General Assembly of the Corporation in the legal books of the entity. Once created, the power must be notarized by one of our notaries in order to be able to sign the closing document. In the event that the constitution of society allows this power may be executed directly by proxy. These rules also apply to be able to mortgage, segregate, donate, or cancelled rights on real property. Request more information.
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