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introduction
property types
fee simple
concession
condominium law
untitled property
time share
buying process
protection
financing
construction
corporation
residency
conversion chart
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property types
This section outlines the property types that are for sale in Costa Rica and the implications of each type of ownership for the buyer. Understanding the various types that are available for purchase is vital. fee simple The most comprehensive form of property ownership in Costa Rica is fee simple ownership. Fortunately for foreigners, the conditions for this type of ownership are the same for Costa Rican nationals as they are for foreigners.
The concept of Fee Simple ownership is the same in Costa Rica as in the US and Europe.
Basically, Fee Simple ownership gives the owner of the property the absolute right to materially own the property, use it, enjoy it (i.e. usufruct), sell it, lease it, improve it (i.e. transformation), etc., subject only to conditions outlined in the Costa Rican Laws. Fee Simple also means that if the owner is obstructed from enjoying any of his/her rights to the property, he/she has the right to have the property restored in its original condition. Of all property types, fee simple has prefference above all other! |
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