±JOIN OUR NEWSLETTER
±Compare Expat Providers
±Expat Focus Partners
±Latest Financial Articles
· Merrill Lynch Closing Brokerage Accounts For US Expats
· 7 Practical Tips For Saving Oodles Of Money As An Expat
· Expat Focus Financial Update 12 September 2016
· What Does It Take To Become An Expat? Some Things To Consider
· Expat Focus Financial Update 05 September 2016
· Should UK Expats In The UAE Transfer Their Pensions?
· Expat Focus Finance Update 29 August 2016
· Expat Focus Financial Update 22 August 2016
· Five Questions You Must Ask Your Expat Financial Adviser
±Latest Health Articles
· Expat Focus International Healthcare Update 14 September 2016
· 5 Places Where Healthcare Is Better Than The US
· Expat Focus International Healthcare Update 07 September 2016
· 5 Places Where Healthcare is Better Than The UK
· Expat Focus International Healthcare Update 24 August 2016
· Interview With Stephanie Eltz, Founder, Doctify
· Expat Focus International Healthcare Update 02 August 2016
· The Ten Best Countries For Healthcare In Europe
· Expat Focus International Healthcare Update 26 July 2016
Renting PropertyBack to top Back to main Skip to menu
Costa Rica - Renting Property
A security deposit will be agreed upon between the landlord and tenant, but typically a landlord will ask for the value of one month’s rent as a deposit. There is no legal maximum for a security deposit but if a landlord is asking for advance payment this is limited to one month. Once a contract expires it is automatically renewed for a further 3 years unless the landlord provides 3 months’ notice that the contract will not be renewed.
Short term rental contracts and holiday rentals are widely available and these can be payable on a monthly, weekly or nightly basis. Many short term rentals will not require a security deposit – check this when agreeing your stay with the landlord. Short term rentals are a great option for exploring the country and getting a feel for its different locations and landscapes before choosing a single location to settle in. If you have found a vacation rental that you like the look of but are looking to stay longer term then you may be able to negotiate a cheaper rental rate for staying longer.
A rental advertised as ‘fully furnished’ will normally include all major appliances and furniture. However it is always advisable to check the full details as it is not unknown for a furnished apartment to be missing appliances and/or key pieces of furniture. Similarly, if a property is advertised as unfurnished it may or may not include major appliances so you will need to check with the landlord. In most rental properties in Costa Rica it is likely that the landlord will own the telephone line, meaning they can control it and turn off facilities like inbound and outbound international calling.
Rental prices can vary widely depending on location. You can expect to pay from $1000 per month upwards for a 1 bed flat in one of the bigger cities. In more isolated rural regions you can typically find properties to rent from $100 per month upwards for a 1 bedroom flat or $500 per month upwards for a 3 bedroom house. Renting is often a much cheaper option than purchasing property.
The best place to search for rentals is on the internet, with hundreds of websites providing long and short term letting. Costa Rica also has plenty of English speaking rental agents whom you may wish to visit in person and classified sections of local newspapers can be a useful source for finding rental properties. When selecting a location for a rental property it’s important to think about the local amenities that are available to you, such as hospitals or supermarkets. Some rural areas in Costa Rica can be very isolated and a long way from basic amenities.
It is useful to bear in mind that many foreigners who relocate to Costa Rica return to their country of origin within the first 12 months, so it can be advisable to rent a property for your initial entry into the country and then make a decision as to whether you want to opt for something more permanent.
Expat Health Insurance Partners
Our award-winning expatriate business provides health benefits to more than 650,000 members worldwide. In addition, we have helped develop world-class health systems for governments, corporations and providers around the world. We want to be the global leader in delivering world-class health solutions, making quality health care more accessible and empowering people to live healthier lives.
At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.
Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.