Legal Assistance For Buying Real Estate In Costa Rica
Costa Rica Real Estate: DYN provides expert legal assistance during the purchase of property in Costa Rica
DYN Costa Rica's focus is on providing legal assistance to companies which already are in operation or relocating to Costa Rica, and investors who want to buy property in Costa Rica. Our exclusive “legal relocation service” offers real estate buyers a unique legal and commercial opportunity. Our lawyers have experience in Costa Rican corporate and real estate law, and have been providing legal advice in these areas to our clients for years. DYN's team consists of experts in several areas, such as legal, taxation, accounting and managerial services. Our diverse expertise means we can help protect our clients against risk in a wide variety of areas.
Real Estate Escrow Agreements: The decision to buy an asset is a big step. As lawyers, we understand this. The decision can be especially difficult if you are buying real estate outside of your home country. Wiring funds to a stranger in another country can be daunting. DYN offers a 100% secure escrow service to our clients and uses one of the most famous title guarantee companies in the world: Stewart Title. Regardless of what happens before closing or what is found in the due diligences research, your funds are in good hands. Only if everything is 100% in accordance with your expectations and according to the law, will the the funds will be transferred to the seller, and the property duly transferred to you.
Real Estate Due Diligences: Costa Rica has one of the most secure Public Registry systems and with great technological support, but this doesn't provide a guarantee to the lawyers and the buyers that the real estate they are looking to purchase is in good standing. For many years, our law firm has been doing "due diligences" to provide our clients with comprehensive information regarding their prospective real estate purchase. We have created a complete checklist that includes: 10 years property history, chain of ownership, property taxes, records for liens, annotations, claims, and survey plan variations. Our due diligence also includes an analysis of the seller, his/her history, when he/she bought the property, etc. The final report gives our clients a complete scenario about what the client may be purchasing.
Real Estate Option of Purchase: DYN gives our clients complete support during all negotiations up to the signing of the real estate purchase agreement. In this kind of process or deal, our lawyers are really concerned about providing a perfect “due diligences” process. We try our best to the potential real estate buyer complete information about all the legal areas that affect the asset to be purchased. This includes areas like: taxes, annotations, liens, chain of owners, covering usually last ten years. In our daily real estate law practice, we often see how sellers put pressure on the buyers and want the buyers to sign the agreement as soon as possible. Many times this makes the buyer make a purchase decision before they're ready. We work hard to provide our clients with legal advices in order to maintain the real estate purchase or deal within the margins of the law.
Real Estate Transfer Deeds: Once the “due diligence” process has shown everything regarding the property under consideration to be legal and the property meets the buyer expectations, the transfer deed is an important next step. Usually real estate lawyers just follow their client's instructions and transfer the property to them. Before this decision is made, we recommend clients consider the benefits, the pros and cons, for the their future success. Our real estate lawyers take into consideration why our clients are buying this property, what the property or asset will be used for, etc.. We advise our clients to consider tax impacts, whether the property is for a business, for a commercial business, or for personal use.
Real Estate Lease Contracts: Our Costa Rica local governments have an effective municipal land use plan (called "uso de suelo"). If you are purchasing the property with the intent to lease it afterwards, you need to review potential "uso de suelo" regulations. Our lawyers are mindful regarding what our clients' property use plans are are and also what the local government rules are in the region where the property is located. This is a very important part of the decision to purchase property in Costa Rica. Our law firm will spend time reviewing all the the clauses and details of your business plan, and help you prepare an effective strategy to be used during negotiations.
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