Fee simple refers to the most complete form of property ownership under the law. It’s a term primarily used in common law jurisdictions, including the United States, Canada, and parts of the Commonwealth.

In Costa Rica, the legal system does not use the term “fee simple.” However, the concept of titled property in Costa Rica implies full, direct ownership of property with the rights to transfer or encumber the property, analogous to the term fee simple ownership used in other countries.

Fee simple the most complete form of property ownership under the law.

When you have a fee simple ownership, you own the property outright, including the land and any structures on it, without any specific time limitations on your ownership. It’s the highest level of property right one can have, allowing for the greatest control over the property. This means you can use it, rent it out, sell it, pass it on to heirs, or even place restrictions on its future use, all within the boundaries of local laws and regulations.

The concept of fee simple applies to property and real estate in Costa Rica generally applied with the term “ownership of titled property”, as opposed to other forms of property interests, such as leases, concession, life estates (where ownership is for the duration of someone’s life), or easements (which grant specific usage rights to non-owners).