CONDOMINIUMS
Condominium property ownership is another form of fee simple ownership, but usually carries it a few additional restrictions set forth by the developer, such as architectural guidelines, land use restrictions, and other limitations that may be placed on branch property. For the most part, condominium laws are designed to protect integrity of a development and maintain the "look and feel" of the project. Most residential gated communities and residential buildings in Costa Rica are organized as condominiums. Typically, each Condominium development has its own by-laws containing all applicable conditions, restrictions and regulations applicable to owners in such developments

CONCESSIONS IN THE SHORELINE ZONE
All land up to 50 meters (about 55 yards) from the ocean tide line is public property and thus can not be sold or purchased. Land from 50 to 200 meters (about 220 yards) is concession land, which is not owned, but leased from the local municipality. This is governed by the Shoreline Zone Law (Law No. 6043) and other specific regulations from local municipalities and the Costa Rican Tourism Board(ICT). These legal provisions establish f the conditions under which foreigners and local residents can lease concession property.

The Government grants this right by means of a private agreement between concessionaire and municipality that is recorded in a Public Property Registry. This agreement also establishes a yearly concession fee that is paid based on an appraisal performed by the Government. Most concessions and management plans are granted for 20 years. Renewal for equal and consecutive periods is negotiated between private parties and the corresponding government authority; such renewal is usually based on the concessionaire's ability to comply with its original commitments and obligations during the previous agreement.

Disclaimer: This is intended solely for general informational purposes on this topic. El Pueblo Realty Costa Rica strongly advises seeking legal counsel before entering or conducting any business or real estate transaction in the country. Upon request, El Pueblo Realty Costa Rica can provide its clients with guidance about some of the country’s most prestigious and experienced law firms in the field of real estate.