Costa Rica Land, Lots, Homes and Real Estate

Costa Rica Land Homes and Real Estate San Ramon
_________________________________________________________________________________

PROJECT FOR SALE

28 Ocean & Mountain View Building Sites
Magallanes, Santiago, San Ramon, Alajuela, Costa Rica Central America

Montaña Divina S.A.
Costa Rica Land and Homes
San Ramon de Alajuela, Costa Rica

Bill Maes
Contact By E-Mail
USA (800) 875-3718
USA (303) 587-5128

_________________________________________________________________________________

26 October 2006

The Entire Project is For Sale. All Lot Plans have been divided and registered or in process with the INVU. Approximately 210,880 Square Meters at $5.00 per square meter. The entire project is ready to build with 28 separate home sites.

15 March 2006

Update to be added shortly

19 November 2005

What an exciting trip this has been. All partners were together in Costa Rica for the first time. It was a time that we could all enjoy a great piece of property and discuss the future development together.

There were several other parties who joined us to discuss the purchase of individual lots. All of these potential neighbors were very excited and asked that we place them on the reminder list we the project was about ready to start selling lots. It is a matter of time before we get started.

In Costa Rica, a matter of time means "Tico Time". All of the government agencies working together, making it difficult to know were to turn next.

We have given direction to several people in San Ramon to acquire all of the necessary permissions and letters needed to build the project. Those permissions include dirt movement and terrace design, electricity supply approval, electrical web design, INVU registration of lots, MINAE permission to cut trees and shrubs and other permissions. Some of these permissions would have taken up to one year to obtain without the help of special friends in San Ramon.

It has been ascertained that the formation of a new corporation, for each individual building site, is not economically feasible. Therefore, it will be up to individuals to form their own corporation as they see fit with discussion with their lawyers, to have their new building site transferred into.

10 September 2005

This proved to be a very fruitful trip to Costa Rica and the property at Magallanes. Many tasks were accomplished to further the development.

There was an opportunity to meet with Jose Chacon, a road engineer, who presented a proposal with costs to build roads and the terraces. Jose does not speak a word of English, but he has a lady speaking perfect English to interpret our discussions and the City of San Ramon building regulations. His proposal were for the primary roads to be at a width of seven meters with gutters and drainage and the leveling of the individual building sites, called terraces. Most of the work and design don't seem to be needed, as most is to U.S. standards and possibly not needed or required. He is very anxious to have the contract for the work of the project. Jose will work at a pace that will fill our needs without causing an implosion or drainage of available funds. Jose Chacon has very close ties and friends in the City of San Ramon water departments to help expedite permissions and to obtain the appropriate stamps and permissions. Everyone I have had official business with uses official stamps, the size of most of the U.S. postage stamps, to show their authority. You can see one of the official stamps on the Plano, valued at 100 colones or about $.23. Saturday, 11 September 2005 Jose presented our application for water and the water study to the City of San Ramon. From this meeting we have been approved to use the water of the city and the details to cost are yet to arrive. There should be something in e-mail in the next few days with complete details of the approval and the costs. I.C.E. was another task that Jose was to accomplish by making application for phone service for the 26 properties in the Woody Creek Ranches. DSL service in our area is not know at this time, but the proper people are being asked this question by Jose.

A meeting with the corporate lawyer Jose Chacon Acuna was a good this trip. No relation to the road contractor that we know. I delivered a baby carriage/stroller combination to him and his wife as they are expecting their first child around the 30th of September 2005. During this meeting we finalized the complete paper work of the corporation Montaña Divina S.A. Jose also copied all the official documents of the corporation, placed his signature and a complete set of six stamps to each of these documents. These documents were needed by the road contractor Jose Chacon to present with the application for water and telephone service. Then we decided we needed a drink and went to his favorite establishment for snacks and Scotch... blah...

Water was a top priority of this trip and I am happy to say that a road construction supervisor with I.C.E. working on the road one day, confirmed that there is a two inch water line at the property boundary at the South. With a full head of steam from an 800 foot elevation drop to Woody Creek Ranches, there will not be a problem with water pressure. As they were grading the road, I asked if they we discussed the possibility that we would see asphalt on the road in front. He told me that in March 2006 they should be installing a concrete roadway along the Southerly end of the property. This was fantastic news and will be a relief when they follow through with his part of the road. Time will tell if he spoke the truth and the road is actually completed.

I had some discussions with an architect and designer Rodolfo Herrera and two of his colleagues. They gave me a presentation on screen of two of the homes they had designed. Both of the homes looked impressive to their design and layout and both were ranch styles of approximately 3,000 square feet. Both were larger than I cared to build and this week 12 September, Rodolfo will have three more designs available to be sent by e-mail. You must stay on top of everything that you are involved with or it will go to the back burner... "living on Tico Time".

Our topographer Wagner seems to be doing a bang up job of designing the layout of Woody Creek Ranches. We had extensive discussions of the design of he property and what was expected in his services. He has agreed in to all of our wishes and has started his project with an expected completion date around mid December 2005. Our objective was a division into 28 separate lots and the roadways with registration at the National Registry and the City of San Ramon with all permissions and stamps needed to start negotiations for construction. Each lot will be registered at the National Registry with the GPS LAT/LON of each corner of individual lots. Wagner will place a concrete block and metal rod at each corner and a lot description placard at the Southeast corner of individual lots.

A panoramic video movie of individual lots were taken during this trip. One exception was lot 16, as it was in the middle and it's location could not be found. Within the next few weeks there will be a standard panoramic video or Windows Media Player Panoramic Movie available for individual lots at the Lot Plan web page.

Did I mention that while taking he videos, I backed down a muddy road to get a running start up and out. I backed a little close to one edge and was within one foot of rolling me and the vehicle down the side of a mountain. Needless to say, I had the next four hours dedicated to finding a tow truck or someone to pull me out of this precarious position. As it turned out, our neighbor Jose Louis with his 4x4 Jeep showed up and made short order of the muddy mess and the vehicle.

This was a very busy trip... I am ready to return and relax in my favorite country...

18 August 2005

The topographer has given us his final thoughts and schedule. He will be starting the division of the 28 separate areas into individual plats. Each of these plats will then be registered and recorded with the Costa Rican INVU, the National Registry. When registered, these 28 individual plat maps will have the Latitude and Longitude registered for each corner of each parcel. After this is accomplished, the topographer will present the plat maps to the Municipality of San Ramon for their approval and stamps. Then we will be ready to start the negotiations for construction. The total time frame for these processes is estimated to be four months.

When all goes as planned, the infrastructure will be planned with above ground electricity and underground water supply and roads to all of the individual building sites.

18 July 2005

It has been a long month since the last update and there are several factors as a cause. The topographer, in his haste to satisfy, combined the original planos we had purchase, then registered to expedite our purchase. In our haste and lack of knowledge, we should have had the topographer verify the size of the total property before purchase. With the new technology of GPS, compared to previous days of pencil and measuring tape, that total area that we purchased is not as large as originally purchased. New technology concluded that we had purchased 52.556 Acres and not the 58.298 acres. The property is the same, it's just that it is smaller that we were told.

We are not any less happy (just slightly disappointed). We have the same property and we will still be able to have the lots we desire for development and sales.

Today, we received a new rendering of the property with the basic division into lots. There are currently 23 lots available. In the first part of August 2005, we will be making a trip to Costa Rica to meet with the topographer and architect to discuss lot placement, lot sizes and placement of a swimming pool, clubhouse and cantina. The starting placement of lots can be seen at the Lot Plan page.

The progress is a lot slower than I like, but it is moving ahead. There should be a time in September 2005, that we will be able to show all of the available lots and e-mail a small panoramic video file for each lot. We have two salesmen in the area of San Ramon who can personally show you the available lots, should you decide to make a trip to the area. Just let us know your plans by E-Mail... Stay tuned for further notices. Next update scheduled for August 2005.

18 June 2005

What a tremendously successful trip to Costa Rica. From the day I arrived to the day I left was very busy. Many items were accomplished for the good of the development, including a very successful transfer and closing of the property in Magallanes, San Ramon, Alajuela, Costa Rica. I will tell you the story of the weeks events, with a day by day, blow by blow.

Tuesdays 7 June 2005 arrival was at the evening time with a stay in a small room above the car rental agency in Alajuela. This was a very simple room, with a lot of noise from a bar below and a great nights sleep, and it was free. If I had it to do over again, I would ask for the room in front of the establishment.

Wednesday 8 June 2005, as with the rest of the trip, I would awake at around 5 AM, with the thrill of the trip and the anticipation of owning a piece of the world that is not in the United States. This day I would accomplish a few tasks that would assist with the closing on Thursday which included obtaining the Official Registered Plano from our topographer Warner Alpizar Villalobos, leaving the corporate books with our lawyer Francisco, acquiring the keys to a Casita we can use and making complete sets of keys to the property for all the current investors.

Thursday 9 June 2005 has finally arrived for the closing of the property. Many items were accomplished this date, starting with the verification of available funds to purchase and satisfying the Banco de Costa's curiosity, investigation and release of the purchasing funds as to why we had this large amount of money. This country is a direct route for drugs from South America to the United States. With the assistance of our lawyer, we accomplished these tasks and received approval and release of funds for the purchase. We met with the seller and his lawyer in the office of our lawyer in Grecia at 10 AM to agree and sign final documents for transfer. After the signing, we walked to the Banco de Costa Rica, assisted by the bank manager, and transferred the proper funds to the seller. WaaaHooo... We had accomplished a task that we had heard many horror stories for buyers in Costa Rica. We have our paradise. Other tasks this day included: obtaining the VISA debit cards to the individual saving accounts we had setup the previous trip; checked the records for liens against the property minutes before closing; paying our lawyer for his services; and discussions with the seller of the property for his continued use of raising cattle and general maintenance of our property, for a maximum of three years. This agreement was written into the final transfer agreement at closing that he would vacate any portion as we developed the property. This date marked the first day that a potential buyer would visit the property and make his mental notes to the many available ocean and valley view lots he would like to purchase. He said he will make another trip her in the short future to make a final selection for his retirement home. This will happen after we receive the plano breakdown from the topographer.

Friday 10 June 2005 had several more task and more driving around the area of Magallanes, San Ramon and Palmares. Tasks were to move several personal items and stock the Casita with the essentials needed to for our visits, until we can built our homes; check pricing of four wheelers and 4 x 4 vehicles; discussion with our lawyer for standard selling contracts, property sales, and new corporation formation.

Saturday 11 June 2005 at 8 AM meeting with the topographer and architect. We had over a three hour meeting, while walking a majority of the 58 acres, discussing our plans and the potential of the property. The architect was very exited and saw a great area for development and building of homes. The architect will work closely with the topographer to accomplish a goal of having a minimum of 20 separate planos and a maximum of 25, all with the best advantage of views to the ocean and the surrounding valleys. Each plano or lot will have a minimum of 5,000 square meters or 1.23 acres. The current infrastructure has adequate roads with the possibility to add a few more for connection to a few lots. The week of 13 June 2005, the topographer will start his basic study of the property to determine the layout of lots and roads. He will then submit his drawings and ideas to us for approval. After final approval he will start the plotting and pinning of each individual lot using GPS technology for accuracy of location, altitude and size of each lot. The elevation of the property is approximately 3,100 feet above sea level, with a great weather pattern and climate. This evening was a dinner celebration with our friends Jorge and Leonel and their families.

Sunday 12 June 2005 was a day of relaxation that turned into several miles of driving and a tour down to he port city of Puntarenas, which you can see from the property. I really needed this day, as the previous days of the trip were tedious and strenuous, both mentally and physically. I drove back to Alajuela to deposit Ira, the potential buyers from the States, at our favorite bed and breakfast for his early Monday morning flight back home.

Monday 13 June 2005 was a great day to top the whole trip. I has made several trips to San Ramon and Palmares trying to gather more information about the area of the property and discovered the Costa Rice is coming out of the dark ages with their advanced of technology and connection to the rest of the world by cable TV and the internet. ADSL in being made available for the current phone line in the area for high speed internet connection. In San Ramon their is cable television with over 86 channels in Spanish and English, including CNN. This is very exciting news as we want to accomplish having high speed internet capabilities and availability to each and every owner at the Magallanes property. This day, Leonel and Jorge accompanied me on a trip to the deep central valley and an elevation of 3,000 feet to purchase Costa Rican coffee from a coop of over 700 farmers at the town of Santa Maria de Dota and the Dota Coffee Cooperative. High altitude, soil and water from this area create a great flavored, hard bean coffee. I will now return to our lawyers office at 4 PM to sign the final legal papers for our Montaña Divina S.A. Corporation. This has been a long week and I will return to Alajuela, near the Juan Santamaria International Airport (SJO) for my return of the rental car and my departure to the States early Tuesday morning. I asked for the room in front of the establishment, to my dread, and was totally exhausted in the morning. The noise of the street was not very pleasing. I should have stayed in the area above the bar. At least I would have music, until wee hours of the morning.

Tuesday 14 June 2005 and as the last week, I was awake at 5:00 AM with a need to get the job done. This time the job was to get to the airport two hours before the 8:30 AM flight, find a cab at this early hour, pay the $26 departure tax and wait for the plane to leave. For some reason, Continental Airlines decided to make my day miserable and fly me to Denver via Newark, New Jersey. This made for a very long day, indeed.

The finalization to this trip will occur when I hear from the topographer, telling us that he has a preliminary plan drawn for the number of lots available. At this point we can tell him to make particular changes or go forward with the plan. This start will give us the necessary planos for each lot, registered with the National Registry of Costa Rica and the City of San Ramon. He will also provide all the necessary permits to start the negotiations of sales and construction on the lots.

20 May 2005

Progress has been moving at an extremely rapid pace. It is difficult to fathom the progress that has been made in the last month. Everything is rising to our expectations and coming into place, with a trip planned to Costa Rica for 7 to 14 June 2005.

Trip plans include closing and official transfer of the deed to Montaña Divina S.A.; opening a corporate P.O. Box in Palmares; opening a corporate checking account in San Ramon; meetings at the property with the architect Rodolfo Herrera and the topographer; obtaining access to the use of a Casita near the property; delivering the corporate books to the notary/lawyer Francisco Chacón Acuña for scribing of all official business and obtaining the official Plano (plat map);. This new Plano will have the official stamps of the National Registry of Costa Rica and the name Montaña Divina S.A as the owner.

A discussion with Francisco Chacón Acuña will include the formation of separate corporations for each individual building sites; a standardized sales agreement; building site transfers and equal distribution of corporate power.

16 May 2005

The topographer, Warner Alpizar, has been working overtime, as well as our friends Leonel Arrieta and Jorge Ulate. Combined efforts over the weekend and today has produced a new (plat map) with the three properties combined into one large parcel of 236,265.83m² or 58.38256 acres or 23.62658 hectares.

Tuesday, 17 May 2005, the topographer will deliver the new Plano to the National Registry and combined the three parcels under one registration number.

14 May 2005

Development is in the preliminary stages with several items discussed this date, listed below. Contractor Informational Detail at bottom of the page.

The basic strategy is to have the 58.29 acres divided into a number of lots that will be conducive to an open park like atmosphere area without over crowding. A topographer has been contracted to to lay out a plat map of the three parcels and make one plat for the entire area. Once this new plat has been completed, around the 30 May 2005, it will be delivered to the corporate notary, a Costa Rican lawyer. In Costa Rica the Notary Public, is an Attorney at Law, specialized in Notarial and Registral Law, legally authorized to execute the Notarial function. The corporate notary will then register the parcel as one Finca (farm) with a total area of 58.29 +/- acres. This new, combined property will then be assigned a new registration and identity number by the National Registry (1). The proper timeframe for recognition is approximately two weeks.

Division of the land is the next step in development. Our contracted topographer will work closely with the specified architect to develop and plat the various building sites in Woody Creek. Optimal building sites, without over crowding, will be approximately 20 to 30 parcels. This will be in the hands and judgment of the topographer and architect. As specified by the City of San Ramon, a building site can't be less that 5,000 square meters or 1.2356 acres, unless it is ajacent to a public roadway. With the open space planned at this time, this size of building site will not be fenced in and will feel like a larger parcel. Some of the surrounding open space will be retained and managed by the corporation and can be used by all owners in Woody Creek.

Planning a home will be the easiest part in the process. Montana Divina has specified an particular architect (2), Rodolfo Herrera, to design the homes being built within Woody Creek. Mr. Rodolfo has come highly recommended, with many years of experience, including those of design to American standards. Building specifications and fees set for design work are fixed. The law requires that any application for a construction permit be presented by a licensed architect or engineer (Article 83, Law of Constructions, Article II.2 Construction Regulations). Costs for an American standard home will be $25 to $35 per square foot. We have close ties to several builder in the San Ramon area who will work closely with the architect to bring you the best Costa Rican and American standards. Specifications will be the same for all homes, with a minimum size, one structure only and no other buildings on the building site. Strict stands will be kept if only one architect is in charge of design and construction.

--------------------------------------------------------------------------------------------------------------------------

(1) National Registry

The National Registry has the responsibility to keep records of many different contracts and aspects. The National Registry is subdivided into:
• Vehicle Registry.
• Boat and Vessel Registry.
• Intellectual and Industrial Property Registry.
• Corporation Registry.
• Civil Association Registry.
• Maritime Terrestrial Zone Concessions Registry.
• Property Plans Registry (Catastro Nacional ).
• Real Estate Registry.

In Costa Rica most of the land is recorded at the National Real Estate Registry. Each property has a number (Matrícula de Folio Real) that starts with the Province number (San José (1), Alajuela (2), Cartago (3), Heredia (4), Guanacaste (5), Puntarenas (6), Limón (7)) followed by the property number and the right number. This last number will be three zero's if the property right is not subdivided into other rights or if it belongs one hundred percent to one person or company. For example, if the property belongs to four different people, each right to that land will have a number that will appear at the end of the sequence. Instead of three zeros there will be 001, 002, 003 or 004, and each right will belong to a different person.

The Real Estate Property Registry has a very close link with the Property Plans Registry is "CATASTRO NACIONAL".

This PROPERTY PLANS REGISTRY keeps record of all the land plans. Each property has to have a plan with the location by coordinates, boundaries, measure, land drawing, "Folio Real" Number or Property Number, name of the owner and the measure of the property in accordance with the Real Estate Property Registry.

The Real Estate Property Registry keeps records of the location, description, measure, owner's name, boundaries, and the transactions on each property, such as property transfers, liens, mortgages, limitations of use or restrictions, servitude, and property plan number.

--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------

Contractor Informational Detail

(2) What architects and engineers do and what they charge

All architects and engineers in Costa Rica must be licensed by the Costa Rican Association of Engineers and Architects (Colegio Federado de Ingenieros y Ingenieros y Arquitectos-CFIA. This governing body establishes the fee schedule that can be charged by its members. Most fees are based upon a percentage of the value of the construction project. According to the regulations of the CFIA (Reglamento para la Contratación de Servicios de Consultoría en Ingeniería y Arquitectura), the involvement of a licensed architect/engineer in a construction project is separated into two phases. Phase 1 is construction plans and permits, and phase 2 is control and execution.

Phase 1
Construction plans and permits. This phase is further subdivided into several distinct professional services that can be provided to the client by the architect/engineer. The percentages cited below are those that the CFIA has established as minimum chargeable fees.

Preliminary studies (estudios preliminaries): 0.5 percent. These studies may or may not be required, depending on the scope of the project.

Preproject design (anteproyecto): 1.0 to 1.5 percent. Generally, during this stage, the architect/engineer will meet with the client in order to discuss the client's construction requirements. With this information, the architect/engineer will prepare drafts of the proposed construction project for review by the client. These drafts should include site planning and preliminary work drawings. When you contract for this service be sure you agree with your architect/engineer beforehand on what they are going to provide to you.

Construction plans and technical specifications (planos de construcción y especificaciones técnicas): 4.0 percent. This is one of the most important steps in the overall construction project since execution of the project will depend upon the quality and accuracy of your construction plans. Once you and your architect/engineer have agreed on the layout and design of the project, they will begin drafting the plans. In Costa Rica, a complete set of plans should include a site plan, distribution plan, elevation and transversal and longitude perspectives, roof design and drainage, design of footings and support beams, structural plans, electrical design, mechanical and sanitary system design, as well as a plan that details all of the interior finish of the construction. Budgeting (presupuesto): 0.5 percent for global budgeting; 1.0 percent for itemized budgeting. Here the architect/engineer prepares a materials list based upon your construction plans and prepares a construction budget for you.

Phase 2.
Option #1 - Control and Execution. This stage involves the actual construction and project supervision. The regulations authorize three kinds of supervisory tasks, each of which requires a larger time investment from the architect/engineer. Inspection (Inspección): 3 percent of total construction value. Here your architect/engineer will visit the construction site at least once a week and will inspect it to ensure that the plan specifications are being followed by the general contractor. They will also verify the quality of the materials being used and review invoices being presented by the general contractor.

Option #2 - Supervision (Dirección técnica): 5 percent. This requires more direct involvement by the architect/engineer in the day-to-day operation of the project.

Option #3 - Administration (Administración): 12 percent. Here, the architect/engineer takes complete responsibility for the execution and completion of the project.

The option you choose will depend upon the type of project involved, the reliability of your builder/general contractor, and the amount of time you are willing to dedicate to the construction project. All told, phases 1 and 2 can range from 9 percent to 18 percent of the estimated value of the construction project, depending on the amount of services required. As such, it is common practice to negotiate fees with the architect/engineer. Most, of course, will be eager for your business and, depending on the scope of the project will be willing to work out an agreement tailored to your particular needs. Otherwise, have your attorney do the negotiating for you to ensure that you will get the best agreement possible.

Before you sign any contract, be sure that you understand the fee structure and know exactly what is and is not included in the fee. Likewise, clearly define the responsibilities that your architect/engineer is going to assume. Do the same thing with your general contractor and any subcontractors.

Construction permits.
Before you purchase a lot with the intent of building on it, you should conduct some preliminary studies on the property to ensure that there won't be a problem obtaining a building permit. First, determine if the lot has basic services such as water, electricity, telephone, and drainage. Second, make sure there are no restrictions placed on the lot that could result in the denial of a construction permit. It will not be enough to check the Public Registry. You should also check the Ministry of Public Works (Ministerio de Obras Públicas y Transporte) for future road construction projects; the Ministry of Health (Ministerio de Salud); the National Institute of Housing and Urban Development (Instituto Nacional de Vivienda y Urbanismo) and the municipality where the property is located (municipalidad). Finally, be aware of any environmental regulation that may effect your construction project, such as national wildlife refuges and areas deemed protected by the forestry Law.

Requests for construction permits are filed with the Permit Reception Office (Oficina Receptora de Permisos de Construcción), which is a centralized office that houses government representatives from MOPT (Ministerio de Obras Públicas y Transportes-roads), INVU (Instituto Nacional de Vivienda y Urbanismo-housing), ICE (Instituto Costarricense de Electricidad-telephone), AYA (Instituto Costarricense de Acueductos y Alcantarillados-water), SNE (Servicio Nacional de Electricidad-electricity), CFIA (Colegio Federado de Ingenieros y Arquitectos), and the Ministry of Health (Ministerio de Salud).

For a single family home that measures more than 70 m2 (735.2 ft.2), the applicant must provide the following documentation: four copies of the construction plans, four copies of the property cadastre plot plan (Plano catastrado), four copies of the permit checklist (hoja de comisión), two copies of your property deed (escritura), one copy of the consulting contract with your architect/engineer (contrato de consultoria), an approval from the water company (AYA) regarding availability of water, and one copy of your electrical design plan approved by SNE. Condominium projects, commercial construction, and urbanization projects all carry additional requirements for obtaining construction permits.

In addition to these requirements, you will need to request a building permit from the municipality in which the property is located. By law it is the municipality that is delegated the responsibility to ensure that all constructions comply with building regulations (Article 1, Construction Law). You can, therefore, expect periodic visits to your construction site by the municipal building inspector, who must certify that the construction is proceeding according to code.

--------------------------------------------------------------------------------------------------------------------------

Notary and Government Transfer Tax and Registration Fees

Real Estate Transfer Tax. - The government collects a property transfer tax (Impuesto de Traspaso ) which is equal to 1.5% of the registered value of the property. The Public Registry will not record a transfer deed unless the transfer taxes and documentary stamps have been paid. (The transfer tax was reduced from 3% to 1.5% by Law No. 7764 effective May 22, 1998)

Documentary Stamps - The government also requires that documentary stamps be affixed to the deed. These stamps include the following: Municipal Stamp: (Timbre Municipal) ;Legal Bar Association Stamp (Timbre del Colegio de Abogados); Agricultural Stamp (Timbre Agrario); National Archives Stamp (Timbre del Archivo Nacional); Fiscal Stamp:(Especie Fiscal). The Public Registry also imposes its own tax of .05% on documents presented for recordation to the Public Registry. (Derechos de Registro)

Notary Fees
The Notary that drafted the contract for sale and carried out the closing is entitled by law (Decree 2307-J) to a fee equal to 1.5% of the first one million Colones of the actual sales price and 1.25% on the balance. The Attorney and Notary fee schedule which was established by Executive Decree No. 2307-J on April 4, 1991 was repealed on February 9, 1999 (Decree No. 27624-J). However, in October of 1999, the Supreme Court of Costa Rica ruled that the Decree which repealed the fee schedule was unconstitutional and reinstated the original fee schedule.

Montaña Divina S.A.
Costa Rica Land and Homes
San Ramon de Alajuela, Costa Rica

Bill Maes
Contact By E-Mail
USA (800) 875-3718

_________________________________________________________________________________

Costa Rica Land, Homes and Real Estate

Hit Counter