accesorio: Accessory. Separate
living unit created within a single-family home and occupied by
either a family member or a non-family tenant.
acreedor: Creditor. One to
whom a debt is owed; one who gives credit for money or goods.
áreas comunes: Common
areas. Areas within a property that are used by all owners
or tenants. Examples:
clubhouse and pool of a condominium development
the hallways and stairs of an apartment building
the elevators in an office building
the mall area of a shopping center
asamblea de condóminos: Condominium
Council. Organization of all unit owners in a condominium to
oversee the common elements and enforce the bylaws.
bien inmueble: Real property, real
estate. Land and everything growing on, attached to, or
erected on it, excluding anything that may be severed without injury
to the land.
bien mueble: Chattel
good. Anything owned and tangible other than real estate.
canon: Canon. Annual payment.
concesión: Concession. Benefit
granted by a seller to induce a sale.
copropiedad: Joint
ownership. Ownership by two or more people.
deber: Duty. Legal obligation
owed or due to another and that needs to be satisfied; an obligation
for which somebody else has a corresponding right.
declaración
jurada: Affidavit. A written statement
sworn to or ratified before an officer who is authorized to
administer an oath or affirmation.
demarcación: Demarcation. Separation
of territories under different jurisdictions, usually established
when the political situation does not admit a final boundary
arrangement.
elementos communes: Common
elements. In a condominium, those portions of the property
not owned individually by unit owners, but in which an undivisible
interest is held by all unit owners.
Examples: grounds, parking areas,
recreational facilities, external structure of building.
enfiteusis: Emphyteusis. From
the Greek “implanting.” A hereditary leasehold; a nonowner’s
right to use land in perpetuity, subject to forfeiture for
non-payment of a fixed rent or for certain other contingencies.
expropiación: Eviction. The
act or process of legally dispossessing a person of land or rental
property.
finca filial: Subdivided
plot. Concept used in Costa Rica to refer to a piece of
land that used to be part of a source property, but once it
is bought belongs only to the buyer or new owner.
finca madre: Source
property. Main property.
fundo dominante: Dominant
tenement. Land that benefits from an easement on
another property. The other property, which is usually
adjacent, is the servient tenement.
hipoteca: Mortgage. A written
document that creates a lien upon real estate as security for the
payment of a specified debt.
impuesto territorial: Property
tax. A government levy based on the market value of
privately owned property. Sometimes referred to as AD valorem
tax or real estate tax.
notario público: Civil notary
public. Person authorized to take acknowledgement to
certain types of documents (deeds, contracts and mortgages). In
Costa Rica, this person must be a lawyer, while this is not a
requisite in the United States.
plano catastrado: Cadastral
map. A legal map for recording ownership pf
property. The map describes boundaries and ownership.
pro diviso: Latin for “as divided.”
propiedad horizontal: Horizontal
property. Condominium.ownership of property.
servidumbre: Easement. The
right, privilege, or interest that one party has in the land of
another.
unidad: Unit. In a
multifamily residential property, a suite of rooms making up a
residence for one tenant. It is generally characterized by a
private entrance and some method of individuality from other units
in the building or complex.
usufructo: Usufruct. A right
to use another’s property without damaging or diminishing it,
although the property might naturally deteriorate over
time.
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