In Costa Rica, when we use the term “condominio,” we’re not talking about the high-rise apartment complexes you might associate with the term “condo” or “condominium” abroad. Instead, think of a “condominio” as a gated residential community. Picture an enclosed neighborhood or a community of homes with shared common areas and shared services such as security.
Legally, a condominium in Costa Rica is a type of real estate where individual units (or individual homes) within a larger property are owned privately, while common areas and facilities are shared among the unit owners.