Legal & FinancialTopics

Real estate transaction costs, who pays them?

Real estate transaction costs can be paid equally by the two parties; however, like other parts of the transaction, the actual payment (not the amount) is subject to negotiation between the parties and can be covered by the buyer, the seller, or in equal or varying proportions between the two sides.

The legal responsibility for paying the costs and applicable fees, either to the governmental authorities or to the attorneys participating in the transaction, must be covered by each party involved.

General content provided by Javier Sauma at COLBS legal studio in Costa Rica.