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What is the?main?information I need from the Seller or real estate broker about the property I inten

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  • Parent Category: FAQs
  • Category: Real Estate
  • Last Updated on Friday, 10 September 2004 01:16
  • Written by Lic. José Juan Sánchez Chavarría, LL. M
  • Hits: 4824

Since real estate properties are registered in both paper and digital form in the Costa Rican Real Estate Public Registry, and any encumbrance, mortgage or claim upon property has to be published in the Registry in order to be valid upon third individuals, the main information about a property is the following:

a) Property Title Number: or "N?mero de Finca" or "N?mero de Folio Real" in Spanish: the title number is a combination of numbers divided in three brackets:

- 1st bracket: 1 to 7 are the province number.

- 2nd bracket are four to five digits for the individual property title number.

- 3rd bracket are three digits designed for joint or common ownership of property, under: fractional ownership ex. 1 1/2, percentage ownership ex. 50% or surface area ex. 500 square meters.

- Title number example: 1 - 12345 - 001 and 002. San Jos? is the province, 12345 is the individual property and 001 and 002 are two rights of ownership to the property.

b) Title Search: with the property title number is possible to do a title search in the Public Registry official web page at:

www.registronacional.go.cr
?consultas?
?bienes inmuebles?
?por n?mero de finca?
1st bracket ?province number?
2nd ?title number?
5th ?000? or ?001? as applicable
then ?consultar?
- and the title report of the property will be on display with the main and relevant information on the Property such as: title number, nature, location, boundaries, surface area, survey number, owner and any annotations or encumbrances.

c) Registered Survey Number: or "Plano Catastrado" in Spanish: the Registered Survey is an official map with a drawing of the property, its measurements, Registry data, location, vortices, vortices' lengths and other topographical data, with official stamps from: Catastro, INVU and the local Municipality survey department on some cases.

- A serious owner or real estate broker should give a prospective buyer access to this information, and early access to it can save time and speed things up.

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