Real estate law is a branch of law that oversees regulating everything related to real estate, that is, those assets that cannot be moved from one place to another, such as houses, buildings, land and commercial premises. This type of law deals with aspects such as the purchase, sale, rental, mortgage, among many others, of […]

The reform carried out through Law No. 10229 of May 5, 2022, modified the number of votes required to carry out certain actions in the condominiums; and through Executive Decree No. 43511 of February 8, 2022, a new chapter is introduced that regulates the possibility of affecting the Marine Concessions and Tourist Berths to the […]

On June 28th, the amendment to article 27 of the Condominium Property Regulatory Law (7,933) was published in the “Diario Oficial La Gaceta”. Among the most important aspects are: – Voting for Agreements Approvals: 1 – Unanimous Agreements: a) Modify the general destination of the condominium. b) Resign to the condominium property regime. c) Encumber […]

The Legislative Plenary approved in second debate Bill 22.086 to reform Article 27 of the “Law Regulating Condominium Property” (7.933), among the most important aspects are : – Voting for Approval of Agreements: 1. Unanimous Agreements: a) To modify the general destination of the condominium. b) To waive the condominium property regime. c) To encumber […]

At ERP Lawyers & Associates we provide our clients with immigration law and real estate services, adjusting to their requirements and possibilities. For many different reasons, such as legal security, natural beauty, democracy, education, access to infrastructure, English language proficiency, complete health services, among others, Costa Rica has become not only a tourist destination, but […]

As from January 1, the tax on legal entities for the current year began to be collected. The corporations obliged to pay this tax will have until the 31st of this month to comply with the payment, without interest or fines. For this 2022 there was no variation in the parameter used to calculate this […]

As we have commented in previous articles, our legislation contemplates several types of mortgages (common, legal and mortgage bonds). In this article we will refer to the legal mortgages derived from condominium obligations, since it seems fundamental that you are aware of the importance of keeping up with the payment of installments and their consequences. […]

As COVID-19 continues to spread, investors in Real Estate are scrambling to protect their assets and investments. The health crisis has caused tremendous uncertainty, which is confirmed by the decrease in production and economic activities. There is no doubt that the markets in Costa Rica are being strongly affected and a recession is no longer […]

Non-payment of property tax in Costa Rica could result in the loss of your real estate. The debts for this tax constitute Legal Mortgage, which means that the Municipality is authorized to appear before the Judicial Collection Court to execute the debt having as a guarantee of payment the real estate. Property tax is a […]

In addition to the payment of the real estate tax, the owners who raise one or more assets are obliged to declare their value before the respective Municipality in Costa Rica. The Declaration of Real Estate in Costa Rica refers to the determination of the value of the property on a voluntary basis, where the […]