Frequently Asked

Questions, Answered Plainly

Everything owners ask before they buy, set down in the order it usually comes up. If something is missing, the last section of this page is a form, and someone reads it.

The Co-Ownership Model

How real, deeded LLC co-ownership works at Black Coast.

Is this a timeshare?
No. You are purchasing an LLC share, which is real deeded ownership. You can sell it, rent your weeks, and store your belongings. There are no points, no memberships, and no booking fees.
How is this different from a timeshare?
A timeshare gives you the right to use a property. Co-ownership gives you the right to own it. You hold a deeded interest in the LLC that owns the home, and you can sell your share any time after the one year hold period.
Can I buy more than one share?
Yes, up to eight shares per home. More shares mean more weeks and a larger ownership stake.
What exactly do I own?
A share of the US LLC for your home. That LLC owns a Costa Rican SRL, which holds title to the property. Ownership runs from you, to the LLC, to the SRL, to the home.
How does the LLC ownership structure work?
Each home has its own US LLC, and you buy a share of that LLC. The LLC owns a Costa Rican entity, and that entity owns the property itself. So ownership runs from you to the LLC, to the Costa Rican entity, to the home. It is real, deeded ownership, structured to protect you legally in both countries.
How many owners share each home?
Eight owners share one home, in equal shares. All ongoing costs are split equally among the eight, as true pass-through with no markups. Each home is fully managed, so maintenance and management are never yours to arrange.
What is OCHO?
OCHO is the US-based management company that handles the whole of it: LLC management, accounting, books, financial reporting, contracts and legalities, concierge, and app services covering scheduling, trading and rental management. On the ground it manages the property manager, home maintenance and repairs, pool cleaners, landscapers, check-ins, check-outs, cleanings, laundry and linen, and keeping the home in good condition between stays.

Costs & Fees

What you pay each month, and what every dollar of it covers.

What are the ongoing costs?
Home costs, meaning maintenance, utilities and insurance, are split equally among the eight owners as true pass-through with no markups. On top of that sits $250 per month for management and the reserve fund.
What does the $250 per month cover?
Property management at $150 per month covers cleaning, maintenance, and on-site staff. Program management at $100 per month covers LLC administration, accounting, concierge, the app, and contracts.
Are there hidden fees?
No. Everything is transparent and split equally, with no markups.
What if something breaks?
Standard maintenance is covered by dues and the reserve. Damage beyond normal wear during your stay is your responsibility.
What are the association dues?
Owners also pay annual association dues covering maintenance, utilities, and insurance, all split equally among the eight owners as true pass-through with no markups. Management fees sit on top of these.

Usage & Scheduling

How weeks, the draft, trading, and rentals work for owners.

How many days do I get?
At least 42 days, six weeks, taken in three two-week blocks. Some owners get bonus weeks depending on draft position.
How does scheduling work?
A snake-style draft through the app. Positions rotate each year, and drafts happen two years in advance. The first draft covers years one and two.
How does the draft system work in detail?
Drafts run two years ahead, which gives rental bookings time to fill. The first draft covers both year one and year two. Each owner takes at least six weeks a year, 42 days or more, in three two-week blocks. It is a snake draft: round one in order, round two reversed, round three back in the original order. Owners pick from pre-defined two-week blocks, so selecting one is a single click.
How does draft position rotation work?
There are two groups each year. Group one holds positions one through four, the preferred slots, and group two holds five through eight. Owners alternate between the groups every year, and position within a group is assigned at random. After three rounds four bonus weeks remain, and those go to positions five through eight to balance out the less preferred slots.
What if I cannot use my weeks?
Trade them with other owners, or list them for rental through the app. Once a week is booked out it cannot be switched back.
What day does the week start?
Tuesday. Check-out is 11 AM and check-in is 3 PM.
Can I trade stays with other owners?
Yes. Stays can be traded with other owners in the same home through the app, and you can rent out your weeks when you are not using the home.

Buying Process

Step by step, from earnest deposit through construction and closing.

Is my deposit refundable?
For co-ownership, yes. The $5,000 earnest money deposit is fully refundable during the 14 day due diligence period, and you can withdraw for any reason. For full-home purchases, the $10,000 reservation deposit includes a 15 day refundable due diligence period. After that the home stays reserved for a further 15 days, but the deposit becomes non-refundable while the purchase agreement and construction documents are prepared.
What are the steps to purchase?
  1. 01Interest and agreement. The buyer expresses interest and a price is agreed.
  2. 02Earnest money deposit. $5,000, fully refundable during due diligence.
  3. 03Due diligence, 14 days. Two weeks to review the contracts. The buyer can withdraw for any reason with a full refund, and no visit is required.
  4. 04Commitment point. If the buyer does not cancel during due diligence, the full balance is delivered into escrow.
  5. 05Construction trigger. Building begins once four of the eight shares are sold, or after eighteen months, whichever comes first.
  6. 06Escrow releases at milestones. Funds are released against the construction draw schedule.
  7. 07Property transfer and closing.
When does construction start?
Once four of the eight shares are sold, or after eighteen months, whichever comes first.
How does the escrow release work?
For co-ownership, escrow releases at construction milestones: 50% when construction starts, 25% when the walls and roof are complete, the stage known locally as obra gris, and the final 25% when the home is finished and the property transfers. Full-home purchases follow a different schedule: 30% at signing, 20% at foundations, 25% at walls and roof, and 25% at completion.
When do I officially own my share?
Membership interest transfers after the final deposit and the conveyance of the property.
Do I need to visit before buying?
No. There are detailed virtual tours, video walkthroughs, and live video calls from the property. That said, a site visit can be arranged whenever you would rather see it in person.

Selling & Renting

Reselling your share, and renting your weeks when you are away.

Can I sell my share?
Yes, after a one year hold period. You set the price, and the sale is facilitated for you with a dedicated marketing fund behind it. A right of first refusal runs first to the management company, then to the other owners in the home, then to the open market. Fees are due only when the share actually sells.
Can I rent out my weeks?
Yes, through the app. Management handles everything and sets the pricing. The rental fee is 20% for co-ownership shares and 30% for full-home owners.
Should I expect rental income?
Rentals can help offset costs. We do not position the home as an income-generating asset.
How does the right of first refusal work?
The management company holds the first right. The other owners in the home hold the second. If neither is exercised, the share goes to the open market.
What fees apply when selling?
A 6% transaction fee, applied only on a completed sale. Of that, 4% goes to a dedicated marketing fund for selling the share and 2% covers administration and legal transfer. There is no upfront cost to list or market it.

The Homes

Furnishings, pets, storage, and the details of life on site.

Are the homes furnished?
Yes. Fully furnished and turnkey.
Can I bring my dog?
Dogs only, and they must be well behaved. Certain breeds are excluded: Pit Bull, Staffordshire Terrier, German Shepherd, Rottweiler, Doberman, Cane Corso, Presa Canario, and Wolf Hybrid.
Can I smoke?
No. Smoking is prohibited everywhere on the property, indoors and outdoors alike.
Do I get personal storage?
Yes. Two personal spaces per owner, one in the garage and one locker in the master closet. Belongings can be left between visits.
How many homes are in the development?
Forty-two in total, beginning with the first eight. Construction is phased so that finished areas stay clean and quiet while the next ones go up.
What about damage during my stay?
Damage beyond normal wear and tear during an owner stay is that owner responsibility, charged personally.

Location & Lifestyle

Playa Negra, the beaches, the dining, and what fills the days between.

How far is the beach?
A ten minute walk.
How far is the airport?
Roughly an hour and a half from Liberia International Airport, LIR.
What is Playa Negra like?
Playa Negra is one of the last unspoiled beach towns on the Pacific coast of Costa Rica: world-class surfing, black sand, dry tropical forest, and a growing community of people who chose it on purpose. It is quieter and more authentic than Tamarindo or Nosara, more private, and still within thirty minutes of everything the busier towns offer.
What is there to do nearby?
World-class surf at Playa Negra, a ten minute walk away, and at Playa Avellanas, a ten minute drive. Beyond the water there is sport fishing, paddleboarding, kayaking through the mangroves, diving at the Catalinas Islands, sunset catamaran cruises, sea turtle hatchings, ATV and zipline tours, horseback riding, and golf at Hacienda Pinilla ten to fifteen minutes away. Day trips reach volcano hot springs, the sky-blue waterfall at Rio Celeste, indigenous pottery villages, and the yoga town of Nosara.
What about dining options?
Experienced travellers often say Playa Negra has the best food on the coast. Walkable from the community: Villa Deevena for French-fusion fine dining, Mycelium Cafe for Asian-Latin, Cafe Playa Negra for Peruvian and Italian, and Corazon Surf Cafe for juices, bowls and light plates. Within ten minutes: Lola’s on the Beach at Playa Avellanas, SoulShine for brunch, Barumis, Fuego Blue for pizza and wings, and Il Rustico. Tamarindo, thirty minutes out, carries a full restaurant and nightlife scene.
How close are other beaches and towns?
Playa Avellanas is a ten minute drive. Hacienda Pinilla Golf and Beach Club is ten to fifteen. Tamarindo is thirty minutes, Santa Cruz, the nearest town, is forty-five, and Nosara is about an hour.

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