Sunday, 5 July 2020

A Few Tips For Retirees Who Rent

By Christopher Howard, Live in Costa Rica blog – When renting an apartment or house in Costa Rica retirees should always have their lawyer look over the rental contract before signing it. Nevertheless there are a few things retirees should know to avoid misunderstandings and headaches down the road.

644659_448304148585748_1472831698_n(1) The amount of the monthly rent should be stipulated in a written contract.

(2) The amount that the rent may be increased yearly if in colones.

(3) The length of the contract should be stipulated.

- paying the bills -

(4) Any contract should include the amount of the deposit.

(5) There should be a clause in the contract that states how and under what circumstances the deposit may be used. Unfortunately the deposit is not usually returned to the tenant, so many renters knowing this don’t pay the last month’s rent.

(6) Make sure you have a written contract. In the absence of one it will be difficult to prove what were terms of a verbal contract. However, in the worst case scenario rent receipts can be used to show the amount agreed to.

(7) Any contract should also specify who is responsible for repairs and improvements. Usually in a contract it says that the deposit should not be used for paying the last months rent but to cover any damage to the premises once the renter has moved. If the deposit was to be used to pay the last months rent it would not protect the landlord in the event the renter didn’t pay the final month’s rent, or cover any damages or outstanding bills for utilities.

(8) According to the Rental Law numbers 35 and 37 the renter and landlord share responsibility for the repairs of the rental. According to the law if the landlord is notified by the tenant and does nothing to repair the property within ten days, then the tenant can repair the property and charge the owner. In the case of improvements done by the renter without consulting the owner or without permission, the latter does not have to pay anything to the tenant.

- paying the bills -

Source: Live in Costa Rica blog

Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

[BLOG] Costa Rican Electric Company – General Maintenance Procedures

During my fifteen plus years of living in Costa Rica, I...

Heliport, Money and Weapons in Costa Rica

Following reports by residents of Las Asturias de Pococí about flyovers...


Coronavirus: Wealthy nations compete for remdesivir supplies

Zolgensma, a gene therapy medicine for treating spinal muscular atrophy in children under the age of two, is now available in Germany. However, a...

COVID-19 Costa Rica: 288 new cases, health crisis looms

(QCOSTARICA) If in Costa Rica the measures of social distancing, hygiene, and respect for social bubbles are not followed, the projection is 35,000 infections...

COVID-19 Costa Rica: 139 new cases; intensified use of facemasks

(QCOSTARICA) The Minister of Health, Daniel Salas, reported on Monday 139 new cases of COVID-19 in the country, bringing the total count of infections...

COVID-19 Costa Rica: another record with 294 new cases; Rollback on reopening for the GAM

(QCOSTARICA) The coronavirus pandemic in Costa Rica has been setting records the last couple of weeks, but the biggest single-day increases in cases was...

Costa Rican woman died of COVID-19 without knowing that she had it, 17th death

(QCOSTARICA) Costa Rica registered Wednesday afternoon death number 17 of a COVID-19 patient, a 71-year-old Costa Rican woman, a resident of Alajuela.   The woman died...

Ruta 27 tolls increased today, July 1

(QCOSTARICA) Users of the Ruta 27 (San Jose - Caldera) will have to dig deeper into their pockets books as an increase in tolls...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.