A rental deposit in Costa Rica is usually equivalent to one or two months’ rent. It’s paid in full at the time you sign the lease and grants you the right to occupy the house or apartment. However, if the property is rented fully or partially furnished, the deposit is often higher to cover the risk of potential damage to furniture or décor.

The deposit serves several purposes:

• It protects the owner if rent payments are missed.
• It can be used for repairs if the property is damaged due to neglect or misuse.
• It offers recourse if the rental agreement is terminated early without proper notice.

Once the lease ends and the property is vacated, the owner typically returns the deposit within 30 days with property verification, provided there is no damage and all terms of the contract have been met. To ensure a smooth process, pay close attention to the clauses in your lease that detail the deposit return conditions.

In most cases, the rental deposit is due at the same time you sign the lease agreement. This ensures that, before you move in, the owner has financial security in case of non-payment or damage.

Once the contract ends and you vacate the property, the owner typically returns the deposit. This usually happens within 30 days, assuming there is no damage, unpaid rent, or other contractual breaches. The renter and the property owner can also negotiate a specific timeline—or even an immediate return of the deposit—provided all mutually agreed-upon conditions are met.

Always review your lease to understand the exact timing and conditions for the deposit’s return.

Whether you’re renting out your home or looking for a place to live, partnering with a real estate professional who has proven expertise in high-end residential rentals in Costa Rica can help you avoid costly mistakes and misunderstandings. They can guide you through the contract, protect your interests, and make sure that both parties have a clear understanding of their obligations. A luxury agent also coordinates with all the necessary legal, financial, or other professionals to ensure a smooth process before, during, and after renting a home in Costa Rica. 

1. Read Every Detail – Before you sign, review the rental contract thoroughly. Make sure you understand deposit requirements, potential penalties, and the conditions for getting your deposit back. If you’re working with a real estate agent, you can expect the agent to review and discuss the agreement with you prior to signing.  It’s also a good idea to make sure your lawyer confirms the document prior to signing.
2. Document the Property – Conduct a walkthrough and take photos or videos of the property’s condition, especially if it’s furnished. This documentation can help resolve any disputes about damages later. If you’re working with The Agency’s specialists, relax, the team always helps document the process including the handover documentation with accompanying visuals.

1. Outline Clear Terms – Specify in the contract the exact deposit amount, the reasons you may retain it, and the timeframe for returning it. This transparency helps build trust with your tenant. Working with your luxury agent on this will protect your time and investment.
2. Consider a Higher Deposit for Furnishings – If you’re renting a fully or partially furnished property, a larger deposit can offset the risk of damage or loss. Include a detailed inventory of all furniture and décor in the contract. Experienced agents know this is one of the most likely sticking points further down the road.  An agent with help reduce and balance the risk on both sides and make sure the deposit is well documented, including the visuals.

By understanding how the rental deposit in Costa Rica works—and by clearly outlining both parties’ responsibilities in the lease agreement—renters and property owners alike can experience a seamless, mutually beneficial relationship. When in doubt, rely on an experienced luxury agent who specializes in luxury real estate and high-end residential rentals to guide you every step of the way.