Estimated Reading Time: 7 Minutes How many times do you purchase a property in a lifetime? Not very often, right? You want to do it correctly, especially when you’re not used to real estate transactions in Costa Rica. Of course, you don’t know which real estate contingencies you should consider when offering on a property…
Estimated Reading Time: 3 minutes To live in a condominium in Costa Rica is not for everyone. Some love the security and amenities you have when living in a condominium. Others want more privacy and don’t want to pay for security and amenities. Therefore, before purchasing a property in a gated community, you should decide…
Estimated Reading Time: 6 Minutes Is an HOA or Homeowner Association legal in Costa Rican gated communities? The short answer is yes if the gated community is legally constituted in the National Register as a condominium. In a legally constituted condominium, the common areas are shared by all the owners of the properties within this…
Estimated Reading Time: 3 minutes What is included in Costa Rica condo fees or HOA fees? Buyers often get scared when they see they must pay a condo fee but don’t realize what is included. Costa Rica’s lifestyle is changing, and people travel more than ever. Security is more critical than ever when looking for…
How can you assure yourself of a low HOA fee when buying a condo in Costa Rica? Condos have an extra cost of ownership, which most houses do not — the condo association fee. When buying a condo in Costa Rica, you might expect a low HOA fee and not exorbitant fees. If you purchase…
ThePlanning to buy a condo? Do you have any idea about Costa Rica condo owner rights? Before you purchase a condo in Costa Rica, from a developer or a re-sale, you should first request a copy of the bylaws. As a condo owner, you have rights and responsibilities that are described in the bylaws. You…
In part 3 of this series, I’d like to give you some additional Costa Rica Condominium information. Such as what kind of title will you own when you buy in a condominium? The Title Important Costa Rica Condominium information is the title. When you buy a condominium unit, you acquire individual and absolute title to…