FAQ

For buyers and owners

What does “fractional ownership” mean with PRI?

Fractional ownership means you own a deeded share of a luxury property, giving you legal ownership rights to a specific portion of the property. This ownership is not just a usage right—it’s a tangible asset that can appreciate in value, be sold, transferred, or inherited. You’ll own your share of the holiday home via a locally incorporated company set up specifically for owning real estate. Together with the other co-owners, you will be shareholders of the company.

How is fractional ownership different from a timeshare?

Unlike timeshares, which typically offer a right-to-use agreement with no equity, fractional ownership provides you with deeded ownership of the property. This means you’re building equity and have a say in the property’s use and management. Additionally, PRI properties are selected for long-term appreciation, turning your vacation dollars into an investment.

Can I finance the purchase of my shares?

Yes, you can finance your fractional share purchase through our private financing options or through partner banking institutions that understand and support the PRI co-ownership structure.

How do I schedule stays in my home?

With PRI, when you purchase a share, you’re guaranteed exclusive access to specific, pre-selected dates, such as a full month. This eliminates the hassle of booking your time throughout the year. You can enjoy the space during your allotted time or rent it out for additional income. Our model ensures complete control and flexibility over your stay, with the convenience of set dates.

Can my friends or family use the home without me?

Absolutely. After registering with PRI, your family and friends can enjoy the property during your allocated time, even if you're not present.

Is the purchasing process the same as the usual home buying process?

The purchasing process is similar to any property transaction in US/Europe/Costa Rica. The holiday home will be purchased by a locally incorporated company—the only real difference is the number of co-owners.

Do I need to interact or agree to anything with the other owners?

PRI provides a seamless purchasing service, so you don't need to communicate or agree on anything with the other buyers. All buyers sign the same documentation when purchasing their shares. Once you become a co-owner, PRI manages everything on your behalf and serves as your single contact point. For important decisions, there's a voting system explained in the purchase agreements.

Is owning in this way a new concept?

Shared property ownership is not new—many people have entered co-ownership arrangements with friends and family for years. What sets PRI apart is our fully managed purchasing and ownership experience. We bring together like-minded owners and handle all the logistics, eliminating the common hassles and financial challenges typically involved in self-managed co-ownership.

How is the home decorated?

PRI ensures that your holiday home meets the highest standards by setting it up according to the operating hotel standard. The operating hotel has worked for years with their designers on these projects who focus on a combination of casual comfort and clean aesthetics that align with the home.

Will I have guaranteed access to my property?

Yes. As a PRI fractional owner, you’ll have guaranteed, flexible access to your property during your allotted time. Our system ensures you can plan vacations around your preferred dates without the availability challenges common with points-based systems or timeshares.

Absolutely. PRI offers a rental management program that allows you to rent out your unused time. This provides an additional income stream and maximizes your investment potential. We handle all the logistics, so you can enjoy passive income without the hassle.

What if we are not happy with how you manage the home?

PRI will do everything possible to resolve any concerns you may have. If they don't live up to their promise, you can remove us as your holiday home managers.

What if a co-owner misses a payment or gets behind on their bills?

PRI will work with any co-owner facing payment issues to resolve the situation. Meanwhile, we guarantee that any cost shortfalls will not impact the property’s management or maintenance, ensuring everything continues smoothly for all owners.

What are the propertie’s usage policies?

We trust our owners to treat their holiday homes with care. However, when you buy a share, you agree to follow a code of conduct that all owners are expected to adhere to. This ensures that the property remains in excellent condition for everyone to enjoy.

What if the home is damaged in any way?

We believe that owners treat their second homes with care, but accidents do happen from time to time. We are there to assist if anything happens during your stay and we inspect each home at the end of every stay. Any damages outside of normal wear and tear will be for the responsible owner’s account.

Will the Home appreciate in Value?

Yes, as the property appreciates in value, so will your fractional share. This allows you to benefit from long-term capital growth while enjoying your holiday home.

Who handles the property’s maintenance and management?

PRI takes care of everything. Our white-glove concierge service and property management partners handle maintenance, repairs, cleaning, and all other logistics, ensuring the property is always in pristine condition.

How does deeded ownership work?

When you purchase a fractional share with PRI, you receive a legal deed for your portion of the property. This deed is recorded and secured, giving you the same rights as any real estate owner. You can sell, transfer, or include your ownership in estate planning as you would with any other asset.

You’re free to sell your fractional share after 5 years, giving the property time to gain equity and grow within the portfolio. This approach ensures all owners have a fair opportunity to benefit from the appreciating value of the property. When you’re ready to sell, PRI provides support to help you find buyers and facilitate a seamless transaction process.

The value of your share is tied to the property’s market value. As the property appreciates over time, so does the value of your fractional share, allowing you to build wealth while enjoying the property.

Are there any annual fees?

Yes, there are annual fees that cover property taxes, management, maintenance, and concierge services. Owners share the operating costs proportionally to the number of shares they own. All expenses related to cleaning and maintenance are carefully managed within an annual budget and passed on to the co-owners without markup. These fees are transparently communicated and are significantly lower than the full cost of sole ownership.

Can I transfer my ownership to someone else?

Yes. As a deeded owner, you have full rights to transfer your ownership to family members, sell it, or include it in your estate planning.

Can I purchase multiple shares?

Yes, many of our clients choose to purchase multiple shares to maximize their time at the property or diversify their investment portfolio. You can purchase up to 50% of the holiday home, equivalent to six shares. Shares are sold in 1/12 fractional portions. Each share allows you exclusive use of the home for 30 nights per year.

What makes PRI properties unique?

PRI is proud to introduce the first model of its kind in Costa Rica, combining the luxury of high-end properties with an innovative fractional ownership structure that is both more affordable and equity-driven. Our properties are carefully selected for their stunning locations, breathtaking views, and potential for long-term value growth. Unlike traditional vacation ownership, PRI ensures you don’t have to compromise on luxury or exclusivity while making a smart investment. With premium amenities, white-glove concierge services, and access to one of the most desirable destinations in the world, PRI offers an unparalleled opportunity to enjoy the best of Costa Rica while building wealth through real estate.

For Agents

How do you compensate real estate agents?

Agents play an important role in our fractional ownership offering. We work together with agents and pay a commission on the value of every share sold. As the agent, you receive the commission on the day your share sells.

How does your sales process compare with a typical property sale?

Our process is very similar to a typical sales process, we handle the paperwork and you get paid as soon as you sell a share.

I have a potential Buyer for PRI, how do I proceed?

Please get in touch with us to schedule a viewing or have the buyer contact us and register you as the referring agent.

I have a potential Listing for PRI, how do I proceed?

Please get in touch with us and we’ll follow up from there.