Rental ContractThere is so much to learn about dealing with real estate in Guanacaste I never thought I would be so busy. Through a some of my friends that have moved to Costa Rica and some of my neighbors I have collected several copies of different property rentals contracts, I wanted to study the rental laws in Costa Rica before I have my own contract done for the Guanacaste housing project.

 

After a while of reviewing some of these contracts, an entry I placed a few days ago came to mind: there is really no one supervising real estate in Costa Rica, landlords and property owners really do pretty much whatever they want. Some property rental contracts for real estate in Guanacaste were not even modified when the home was rented for a long term and they still use the vacation rental contract as the real deal.

 

Some rental contracts are a little more professional and are basically what any normal home or apartment rental agreement would say, stating of course a few details included depending in the type of property offered. Real estate in Costa Rica is need of solid entity that regulates all of these negotiations no matter what: a friend of mine is paying half as much as another friend for the same kind of rental property in the exact same location.

 

Is a real estate law such a crazy idea? All businesses need to have regulation of some sort, that is how the world works and that should be standard in all businesses. Real estate in Guanacaste is extremely profitable as it is, I cannot think of an excuse to fool and scam people just because of their lack of information. Houses for rent and tenancy not regulated are part of the reason why the real estate business is so scary for most people, including me.