PROPERTY MAINTENANCE AND PROPERTY OWNERS ASSOCIATION

Once you have bought one of these beautiful ocean and mountain-view properties at Lomas Coronado as an investment or in order to build your primary residence, second home or retirement home – and certainly once it that home is built – property maintenance and security are obviously going to be a major concern.

homeOne of the important features of this Costa Rica real estate project, and among the greatest benefits of owning ocean and mountain-view property in Lomas Coronado, is that the developers envisage a strong property-owners association with a responsible executive board to help ensure basic maintenance and security.

This property-owners association will be formed when the individual lot owners and the Lomas Coronado developers alike feel it is time to share the cost of common components of the infrastructure and maintenance that involve everyone alike.

Among the services that the properties association will eventually look after are water, electricity and road/common grounds maintenance. The Lomas Coronado developers also envisage a 24-hour security guard post at the entrance to the community.

It's too early to be specific; the statutes and responsibilities of the property/home-owners association (POA) will be determined and amended as necessary by mutual agreement of all the owners and the developers. The basic principle, however, is that each property owner at Lomas Coronado, and the developers as well, will be asked to pay his/her dutiful share of these costs as determined from time to time by the association's executive board.


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