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The Beach House is a private resort that offers equity membership as well as short-term rentals, allowing owners to realize income from their fractional ownership share when they are not using the property.
Specifically, and in more legal terms, The Beach House is owned by a Trust, which has been formed in accordance with the laws of Costa Rica. This Trust provides for a limited number of Beneficiaries who are assured certain rights and privileges, including the exclusive use of the assets owned by the Trust during certain periods of time of each calendar year. By virtue of the said Trust, the Trustee (Global Trust Firm S.A.) has certain obligations and responsibilities which include, but that are not limited, to the registration and protection of the beneficiaries´ rights, as well as the recording of any changes of ownership that may occur. Furthermore, the ownership of the rights that derives from the condition of being a beneficiary (i.e. "interest ownership") is not only fully transferrable, but will not expire as long as the Trust is valid and in force. In other words, the rights of use over the assets is "for life," and their owners may dispose of their interest ownership at any time.

Furthermore, the ownership of the rights that derives from the condition of being a beneficiary (i.e. "interest ownership") is not only fully transferrable, but will not expire as long as the Trust is valid and in force. In other words, the rights of use over the assets is "for life," and their owners may dispose of their interest ownership at any time.

Category: Beach House FAQ