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HOA fees

Understanding HOA fees in new Costa Rica developments

I have been a real estate agent since before condominiums and gated communities even existed in Costa Rica. Even in those days, security was an issue. Due to a lack of social welfare and being a developing country, petty thievery and breaking and entering has always existed in Costa Rica, so the creation of condominiums was a good idea.

Don’t want to pay your condo fees? Do you want to keep your condo?

Costa Rican law regulates the effective collection of condominium maintenance fees, and the consequences of non-payment can be as severe as being evicted and losing your property.

Can the condo fee make home buyers in Costa Rica feel sick?

If you are shopping around for a condo in Costa Rica, you might not realize that you will need to pay a condo fee as soon as you have closed on your purchase. The condo fee might double or even triple once the HOA takes over the administration of the condominium.

Understanding HOA fees in new developments

I have been a real estate agent since before condominiums and gated communities even existed in Costa Rica. Even in those days, security was an issue. Due to a lack of social welfare and being a developing country, petty thievery and breaking and entering has always existed in Costa Rica, so the creation of condominiums was a good idea.

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