Monday, August 10, 2009

Folio Real structure

The Folio Real Structure:

This is the “social security” number of properties. It is the unique number assigned to each property to identify it and distinguish it from other properties. This number is comprised of three parts: the first number indicates the Province; Costa Rica is divided in 7 provinces, each one assigned with a number as follows: 1. San José, 2. Alajuela, 3. Cartago, 4. Heredia, 5. Guanacaste, 6. Puntarenas & 7. Limón, therefore a typical Folio real Number in Guanacaste for example shall always initiate with 5-. The second group of six numbers is the number of the property itself; and the last group of numbers indicates how many co-owners the property has, for example, if the Property has only one owner, at the end you will see “-000”, if there are two owners you will see “-001 and -002” and so on, that is how you can know when the property has multiple owners. At the end, a normal Folio Real number, in Guanacaste for example, with only one owner will look like this: 5-386523-000. All Titled and recorded Concession properties MUST have this number in order for clear title to be obtained. The Concession properties duly recorded at the Public Registry should have a “Z” just right before the “-000”, for example: 5-000177Z-000.

No comments:

Post a Comment