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After 22 Years in Real Estate, Les Nunez Knows
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Before Purchasing Property Know the Proper Steps
Buy Real Estate in Costa Rica with IRA Funds
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Costa Rica - Housing, Finding & Purchasing Retirement Real Estate - Squatters

Squatters

Squatters, or precaristas, as they are known in Costa Rica, can be a real problem.

In Costa Rica squatters have certain rights. The laws that protect them were originally passed to prevent wealthy people from acquiring too much land, as in some Latin American countries. Land ownership here is an active process  stop taking care of it and it will go to someone who will. It is the law and the intent of the law. Costa Rica did not establish its law so that foreigners could buy large chunks of land and leave it idle as a future investment. They established their law originally so that they wouldn't have a large class of people denied land because a few very rich owned it.

Undeveloped land is a prime target for squatter invasions. Once they establish themselves on your land, it is difficult to get rid of them. If they occupy the land for less than a year, it is fairly easy to have them removed, especially during the first three months. The sooner you get them off the land, the fewer problems you will have. Be careful! After a certain period of time they can claim the land as their own.

The best way to avoid squatters is to prevent them from settling on your land. Visit the land periodically to help prevent people from settling on it. If you cannot live on your property year-round, then you will have to hire a guard, caretaker or a reliable house sitter to watch it for you. If you have a caretaker make sure to obtain a receipt each time you pay him. Have your lawyer or some other person keep an eye on your caretaker. There have been cases in which caretakers have tried to squat on land.

Also, make sure boundary fences and limit signs are well maintained and visible. If you have to be an absentee owner, you can have a friend or attorney stop by to check your property periodically.

There is a trustworthy professional house-sitting agency in San José that will watch your home while you are away. It is bonded and will provide references upon request. You may contact the agency at 2567890.

For some people it is better to rent for at least six months. However, whether you rent or buy first really depends on your comfort level. Make sure to buy where it's easy to rent or sell your home or condominium in case you change your plans, or in the event of a personal emergency. If you choose to purchase in a popular area in the path of progress you should not have a problem selling your home if it is priced correctly.

If you want more information contact Costa Rica real estate and retirement properties or call toll free 1 888 581 1786.

From "The New Golden Door to rettirement and Living in Costa Rica" by Christopher Howard.
ALL RIGHTS RESERVED. No part of this article may be reproduced without written permission of the authors and copyright owner.
 

"Baby boomers are redefining retirement - and leading the move to a new generation of dream countries"

AARP Magazine

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The Golden Door to Retirement and Living in Costa Rica

Christopher Howard's The New Golden Door to Retirement and Living in Cost Rica, is important when doing research about moving to Costa Rica.

By Hillary Chura
New York Times
July 30, 2005

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Relocation and Retirement Tours - the first logical step to making the move to Costa Rica
 
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