Buying Real Estate?
sold from seller to buyer by executing a transfer deed
before a Costa Rican Notary Public.
Once all the fees are paid, there is a real estate transfer tax, various documentary stamps, notary fees, mortgage costs (if financing) - now it is fine to "Register" the deed. The Notary who drafted the transfer deed must be presented (anotado) and registered (inscripto). You must follow up with the Notary to ensure your sale has been recorded because this system honors "first in time, first in right".
National will not register the transfer deed if any
fees, taxes, liens, assessments, etc. have
|not been paid .
I can not
emphasize enough the importance of having your attorney
conduct a title search. Do not rely
Registry Report (accessed by the Folio Real #) is the
detailed report that shows the name of
In most cases the "Folio Real" will show an existing registered map for the property and the map must be quoted in the transfer deed.