- Parent Category: FAQs
- Category: Real Estate
- Last Updated on Thursday, 14 October 2004 06:31
- Written by Lic. José Juan Sánchez Chavarría, LL. M
- Hits: 4581
"Conveyance" of Real Estate Property in Costa Rica, i.e. the legal word used for transfer of ownership, happens by way of: a) execution of a Property Transfer Deed by the parties in the Notary Public protocol book of indentures (protocolo) ex. common purchase and sale transaction; b) award of ownership resolution by a competent Costa Rican judge under a due process of law ex. a property foreclosure; c) award of ownership under some special law ex. IDA agrarian and farming land title government program. Under any of the former cases the respective document i.e.. a transcript of the Property Purchase Deed or Judge Resolution or IDA Board of Directors, has to be filed and recorded in the Costa Rican Real Estate Public Registry in order to be binding upon third parties.