As a Real Estate owner and investor, it’s essential to be mindful of the tools available in Costa Rica to monitor assets. Implementing preventive measures is crucial for both local and international investors alike. This article explores an essential tool that helps safeguard property rights in Costa Rica.
The Costa Rican National Registry offers a valuable tool called «Alerta Registral,» which translates to «Registry Alert.» This service allows registered users to monitor their assets, notify them of any change or activity associated with them, such as modifications, updates to ownership records, or liens, and promptly respond to any unauthorized actions. This proactive measure, provided directly by the National Registry, empowers individuals to take control of their property security, reducing the risk of unnoticed fraudulent activity.
Subscription to the «Alerta Registral» service is done through the National Registry’s website at https://www.rnpdigital.com/. Anyone with an active email account can create a username and password to access this service. The «Alerta Registral» can be linked to registered assets such as real estate, vehicles, boats, aircraft, corporations, and CR LLCs. For 2024, the cost is USD $15 per year for each asset you want to have monitored. The National Registry offers well-described instructions about the Alerta Registral on its website.
It’s important to mention that the service can be used without necessarily being the asset owner. All it would take is to have the Registry information. For instance, if it’s Real Estate, the property number; for a Vehicle, the license plate number; In case it’s a corporation, the corporate ID number; and in case of a Boat, the registration number. If you receive a notification of any unauthorized activity involving your assets, promptly contact your legal counsel to initiate the appropriate legal actions.
Protecting yourself from fraud in Costa Rica’s thriving real estate market requires diligence, awareness, and professional guidance. Understanding the local landscape, performing due diligence, and consulting experienced legal professionals are critical to ensuring a safe and successful transaction. By taking these precautions, investors and buyers can confidently navigate the market and avoid potential pitfalls. As Costa Rica continues to attract international interest, staying informed and vigilant will be vital in protecting one’s investment and securing a smooth property acquisition process.
We at GM Attorneys will be pleased to help you with legal matters in Costa Rica! You can contact us at info@gmattorneyscr.com or visit our website and blog section at https://gmattorneyscr.com/blog/
By: Daniel Oses Ivankovich
GM Attorneys at Law