As a landlord in Costa Rica, it is important to be aware of the legal and financial obligations involved in renting and being a landlord.
Who is the landlord?
The landlord is the owner of the property. It is the individual or legal entity that owns a property or is authorized to rent it in exchange for a periodic payment.
Property Maintenance
As a landlord in Costa Rica, one of your main responsibilities is to ensure the proper maintenance of your property. This includes necessary repairs, delivering and maintaining the property with facilities, utilities, fixtures, fittings, unbuilt spaces and agreed non-expendable furniture in good condition.
It is important for security purposes and to maintain the value of the property over time. From repairing roofs to managing irrigation systems, proper maintenance can make it much easier to keep your property in top condition.
Compliance with Local Rules and Regulations
It is important to comply with all local rules and regulations as a landlord in Costa Rica. This may include building permits, zoning rules, payment of municipal taxes and any other regulations specific to the area in which your property is located.
With the help of our local advisors you can find out about the market, taxes, property management and effective solutions to ensure your property is hassle free.
Financial and Administrative Management
In addition to physical maintenance and regulatory compliance, owners must also take care of the financial and administrative management of their properties. Comprehensive property management services cover all aspects of financial management. From rent collection to financial reporting; this can include rent management, accounting, bill payment and other aspects of property finances.
Choosing a good tenant is the foundation of everything, so we recommend you contact our advisors to learn more about the process of choosing the right tenant.
Being a landlord in Costa Rica entails a number of obligations. Nativu can be your ideal partner in this process, providing specialized services and expert guidance to ensure success and peace of mind in managing your property in Costa Rica.
