Saturday 24 July 2021

Costa Rica Accelerates Expropriation Processes

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COSTA RICA NEWS — The recently approved reform of the Ley de Expropiaciones (Expropriation Act) reduces the time for the State to take possession of the goods necessary for the execution of public works.

The reform envisages reducing to 2 months the time it takes for goods to become state possessions, but beforehand a deposit must be made of the amount established in the administrative appraisal of the property, otherwise possession will not be taken.

The current road to Monteverde is a nightmare for area residents and tourists. Photo for illustrative purposes.
The current road to Monteverde is a nightmare for area residents and tourists. Photo for illustrative purposes.

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Crhoy.com reports that “… Specifically in the case of the dwellings, the deadline for leaving the property changes to two months after the assessment issued by a judge.”

“… Another of the adjustments made to the General Expropriation Act, is related to the elimination of the appeals process, which saves up to one year of the process for administrative management.”

Source: Crhoy.com

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