Buddyhog- If your condo is on the edge of a beach it is a land lease. We are on a cliff next to a beach and our condos are owned by the owners. We used a local company on Island to help us with our purchase. The notary and government fees run about 5% of the purchase price. Please make sure you check the the credibility of the developer and also speak to other owners as to their feelings about the property. As the old saying goes "BUYER BEWARE" which means you should do a lot of due dilegence as Bill and Elaine wrote above.
I can say we are very happy with our purchase as well as every aspect of our experience.