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The power of attorney

If a person has to leave Costa Rica for some reason and has investments or real estate in Costa Rica or interests of any other kind in the country, it is recommend leaving a person of trust in charge of those interests for as long as he/she is away. The legal procedure to do so is by granting a Power of Attorney.  The Power of Attorney is a legal instrument by which a person (the principal sale person) gives another (the agent) the legal capacity to act on his/her behalf according to the extension that the Power itself allows him/her.

There are different kinds of Powers of Attorney in a sale:

• Full Power of Attorney: This Power allows buying and selling any goods, accepting mortgages on properties, acquiring debts, giving any good as warranty, signing checks, etc. It is a Power of Attorney in which the agent can appear before almost any authority on behalf of the principal and act in almost any kind of situation in his name.
• General Power of Attorney: This Power of Attorney is to be used for administrative purposes. It’s the power given usually when you have a business and you need someone to manage that business on your behalf. It allows hiring help, signing invoices and, if not limited to the contrary, performing any activity considered normal for the business or company.
• Special Power of Attorney: It allows the agent to perform only a specific act or sequence of acts, each one specifically described in the Power. Any other act that is not enclosed in the Power itself cannot be performed legally.

*Note: It is important to emphasize that when a principal gives the power, he/she can state any limitations he/she will consider appropriate, depending on the needs and trust he/she has in the agent.