Due Diligence
Before committing to buy property in Costa Rica there
are several due diligence steps that may be applicable:
- title
check
before
purchasing a property it is vital that an attorney
checks the title to the property in the national
registry to make sure there are no third party claims,
leins, or encumberances against the property, which
could affect the value of the property. The company that
owns the property should also be free and clear of any
claims.
- survey
often surveys are old and outdated. Land use allowed
changes over time due to landslides, erosion, other
natural circumstances, as well setback law changes. The
area designated for construction in the survey may be
incorrect. A professional surveyor should be contracted
to check the boundaries and other characteristics of the
land before the purchase is made.
-
other factors
There may be other factors that contribute to or detract
from your ability to develop the land with your vision.
You should make an effort to review all site
characteristics before purchasing.
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