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Archives for: May 2006, 08

05/08/06

Permalink 03:06:11 pm, Categories: Property and Real Estate, Property Protection, 731 words  

Have the Rats and Vultures Got a Deal For You!

A large house with a For Sale By Owner sign posted in front and rats and vultures on the attack

By Garland M. Baker
Special to A.M. Costa Rica

Vultures and rats are stalking the innocent home sellers to make a quick buck.

The game is the use of Article 1049 of the Costa Rican Civil Code and property flipping. The rules are everything goes and the best trickster wins.

Article 1049 is only one sentence long and it states "La venta es perfecta entre las partes desde que convienen en cosa y precio." In English, the string of words translates to “The sale is fixed between parties upon agreement of thing and price.” The sentence means that it is possible to cheat a naive seller out of a property because of their lack of knowledge of the law.

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Costa Rica Expertise LLC

This web site contains articles written by Garland M. Baker and Lic. Allan Garro for the A.M. Costa Rica. These articles contain important information that everyone doing business—personal and corporate—in Costa Rica ought to know. Reach them at [email protected]

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