How can a buyer ensure clear title to Costa Rica real estate?
Notary Public will be in charge to make a due diligence over the real estate property in order to determine the history of the real estate property in the Real Estate Property Registry. All documents related to an interest and/or title to a real estate property shall be registered in the Real Estate Property Registry. Most properties have a titled registration number known as the folio real and the records database can be searched with this number or by name index. Notary Public shall obtain a report from the Real Estate Property Registry that will show the situation of the property. The Report will contain the name of the owner, boundaries, location, cadastral surveys and the area, as well as recorded limitations, liens, mortgages, annotations, civil procedures and other encumbrances. The Notary Public in charge of the transaction will review such report in order to determine if the Costa Rica real estate property can be subject of transfer and negotiations. It should be noticed that