Property reservation

Reservation Deposits When Buying Property in Costa Rica

An initial payment should not be considered in isolation: its purpose, conditions, and treatment should be tied to the corresponding negotiation.

Matters to review during the buying process

A real estate purchase should progress through organized verification and documentation that reflects the actual conditions of the transaction.

The parties should identify what the deposit represents and the transaction stage to which it applies.

The parties should understand the conditions governing application, refund, or release of the funds.

Payments connected with the transaction should be appropriately documented.

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