EXPIRED – Oceanfront Home For Sale in Baja Malibu, Tijuana – $359,000 USD

EXPIRED – Oceanfront Home For Sale in Baja Malibu, Tijuana – $359,000 USD

Live on a Sandy Beach

• 2,066 sq. ft., 3 bedrooms, 2 bathrooms single story “Classic Mexican” – FOR SALE  $359,000 USD. Surfers Paradise! in Baja Malibu, Tijuana.

Have you ever dreamed of living right on the ocean? Cost for oceanfront homes in California is soaring, but here in Baja, just 18 miles south of the border your dreams can come true. Having a beautiful white sand beach as your backyard and the Pacific Ocean as your playground. To achieve this in Southern California is not reachable for most, but here in “Baja Malibu” your dream can come true.

Continue reading EXPIRED – Oceanfront Home For Sale in Baja Malibu, Tijuana – $359,000 USD

Unique Large 2-bedroom Floor Plan With Stunning Ocean Views!

•2,200 sq. ft., 2 bedrooms, 2 bathrooms, single story “Modern” – FOR SALE $437,500 USD. One of a kind upgraded custom unit in La Jolla Real, Playas de Rosarito.

Custom build, wrap-around balcony, with stunning ocean views and an open floor plan.

Modern-elegant designed by owner and an architect with clean architectural lines, tall ceilings, gleaming tile and sparkling glass offering sweeping ocean and white-water views from all major rooms. Featuring a large foyer, wide hallways that provide immediate ocean-view. Custom niche with interior lighting, with sparkling ceiling chandelier, create a large and inviting entryway.

Continue reading SOLD – Oceanfront Condo For Sale in Tower Perla, La Jolla Real, Rosarito Beach – $437,500 USD

Just Renewed!

• 3,300 sq. ft., 3 bedrooms, 2 bathrooms, 1 half bathroom 2 story “Contemporary” – FOR SALE   $284,900 USD. Great for Airbnb! in Reforma, Playas de Rosarito.

Just renewed. Turn-Key ready.

Beautifully renewed ocean view home, It feels like new. Park up to three cars inside your property, with a high-quality security system (sensors and video). Walk-in through a pristine Mahogany wood door on the first floor to a master bedroom with jacuzzi in bathroom(not furnished), open-floor fully equipped kitchen with wooden cabinets, living room (set not included), dining room with a handcrafted dining table, skylight and beautiful chandelier, ½ bathroom, everything set up to make you feel at home.

Continue reading EXPIRED – Ocean View Home For Sale in Reforma, Playas de Rosarito – $284,900 USD

Learn More About This Home For Sale In Tijuana

Commercial Area, Excellent Location

• 3,875 sq. ft., 5 bedrooms, 2.5 bathrooms commercial – FOR SALE  $145,000 USD. Reduced Price in Nueva Tijuana, Tijuana.

OTAY MESA BORDER, TIJUANA

This property is all about the location. It has a total area of 2,153 ft² and 3,875 ft² of construction. This property includes five bedrooms 2 ½ bathrooms and is turnkey ready!

Continue reading Home for Sale in Nueva Tijuana, Tijuana – $145,000 USD

Learn More About This Home For Sale In Rosarito Beach

Steps Away From The Beach!

• 2,400 sq. ft., 5 bedrooms, 2 bathrooms, single story “Hacienda Style Home” – FOR SALE $167,500 USD. Beach-side Home at an Amazing Price! in Playas de Rosarito.

Enjoy the captivating Baja beach in this beautiful hacienda style, 5 bedrooms, 2 bathrooms home in Downtown Rosarito, perfect for living fulltime, to use as a vacation home or as an income property due to its spacious floor plan. The property features a stylized and naturally well lit first floor, consisting of a kitchen with its breakfast bar, a dining room and a living room with a fireplace with all appliances included.

Continue reading SOLD – Ocean View Home For Sale in Playas de Rosarito

The Lifestyle of the Rich and Famous

• 9,000 sq. ft., 6 bedrooms, 7 full bathrooms, and 4 half bathrooms, single story “Contemporary” – FOR SALE $950,000 USD. Oceanfront Mansion with Infinity Pool in Castillos del Mar, Playas de Rosarito.

Located in the charming Castillos Del Mar, a picturesque community established in the early 1970s. The title is held in a Club Membership with approximately 51 years remaining on this property.

Continue reading EXPIRED – Oceanfront Home For Sale $950,000 USD in Castillos del Mar, Playas de Rosarito

Ocean View Home 

• 250 sq. m., 3 bedrooms, 2 bathrooms, 1 half bathroom, 3 story – FOR SALE $177,000 USD. Priced to sell in Reforma, Playas de Rosarito.

Airbnb ready, it’s hard to find a 3 bedroom, with enough parking space for at least five cars plus a back patio and walking distance from the beach under 200k!

Continue reading EXPIRED – Ocean View Home For Sale in Reforma, Playas de Rosarito – $177,000 USD

Oceanfront Spacious Lot

• 349 sq. m., lot – FOR SALE $230,000 USD. Your Pacific Coast waterfront home in Punta Bandera, Tijuana.

This is a rare and spectacular secluded oceanfront lot with easy access from the Tijuana-Rosarito toll road. Punta Bandera is an exclusive community desirable for its convenient proximity to the US as it sits only 20 minutes south of the San Ysidro border and minutes from shopping, fine dining, and daily cultural events in Tijuana & Rosarito; or an hour away from Baja wine country, also known as Valley de Guadalupe, and only 1.5 miles away from Real Del Mar Golf!!!

Continue reading EXPIRED – Oceanfront Lot For Sale in Punta Bandera, Tijuana – $230,000 USD

Great Testimonial For Claudia Pierce in San Antonio del Mar

Nancy and David Slack, a lovely couple from Michigan, shared with us their experience with our Rosarito Beach Real Estate Agent Claudia Pierce.

Continue reading Testimonial From Nancy and David Slack for San Antonio del Mar in Tijuana

1. Signing a lease without asking the landlord for proof of ownership. 99 % of the time people lease property without making sure if the landlord is actually the owner of a record. After all, you do not want to sign a lease with a squatter posing as an owner, or do you?

2. Signing a lease without making sure if the property/condo/community has major issues. Don’t rush into a rental agreement if something doesn’t feel right. One example: does the fine print stipulate that you have to pay extra for utilities, water, parking, HOA fees? Or does the price of rent include such fees? Is there feuding among residents and the HOA?

3. Not having an attorney review the Lease plus signing a contract in a foreign language without the help of an interpreter. If you are not an attorney, or if you are one but are licensed in the US or Canada this means even attorneys are at risk, the meaning of terms in Spanish is not always the same in English thus the true meaning of clauses and efficacy of leases may be a problem. Do you think you might sublet at any time? Is subletting a clause included in the contract? Has the contract been translated to you, and has the attorney reviewed it even at the beginning of talks as well as prior to signing the final version of the lease?

Continue reading Some Common Issues/Mistakes in Leasing Mexican Property

Home for Sale in Nueva Tijuana, Tijuana – $145,000 USD

Home for Sale in Nueva Tijuana, Tijuana – $145,000 USD

Learn More About This Home For Sale In Tijuana

Commercial Area, Excellent Location

• 3,875 sq. ft., 5 bedrooms, 2.5 bathrooms commercial – FOR SALE  $145,000 USD. Reduced Price in Nueva Tijuana, Tijuana.

OTAY MESA BORDER, TIJUANA

This property is all about the location. It has a total area of 2,153 ft² and 3,875 ft² of construction. This property includes five bedrooms 2 ½ bathrooms and is turnkey ready!

Continue reading Home for Sale in Nueva Tijuana, Tijuana – $145,000 USD

Learn More About This Home For Sale In Rosarito Beach

Steps Away From The Beach!

• 2,400 sq. ft., 5 bedrooms, 2 bathrooms, single story “Hacienda Style Home” – FOR SALE $167,500 USD. Beach-side Home at an Amazing Price! in Playas de Rosarito.

Enjoy the captivating Baja beach in this beautiful hacienda style, 5 bedrooms, 2 bathrooms home in Downtown Rosarito, perfect for living fulltime, to use as a vacation home or as an income property due to its spacious floor plan. The property features a stylized and naturally well lit first floor, consisting of a kitchen with its breakfast bar, a dining room and a living room with a fireplace with all appliances included.

Continue reading SOLD – Ocean View Home For Sale in Playas de Rosarito

The Lifestyle of the Rich and Famous

• 9,000 sq. ft., 6 bedrooms, 7 full bathrooms, and 4 half bathrooms, single story “Contemporary” – FOR SALE $950,000 USD. Oceanfront Mansion with Infinity Pool in Castillos del Mar, Playas de Rosarito.

Located in the charming Castillos Del Mar, a picturesque community established in the early 1970s. The title is held in a Club Membership with approximately 51 years remaining on this property.

Continue reading EXPIRED – Oceanfront Home For Sale $950,000 USD in Castillos del Mar, Playas de Rosarito

Ocean View Home 

• 250 sq. m., 3 bedrooms, 2 bathrooms, 1 half bathroom, 3 story – FOR SALE $177,000 USD. Priced to sell in Reforma, Playas de Rosarito.

Airbnb ready, it’s hard to find a 3 bedroom, with enough parking space for at least five cars plus a back patio and walking distance from the beach under 200k!

Continue reading EXPIRED – Ocean View Home For Sale in Reforma, Playas de Rosarito – $177,000 USD

 “Traditional Mission-Architecture Mexican Dream House”

• 3,490 sq. ft., 4 bedrooms, 3 bathrooms 2 stories “Spanish” – FOR SALE $399,000 USD. “One Of A Kind Home Priced To Sell” in Mision Viejo South, Playas de Rosarito.

“Unique Blend of Luxury & Water Views”

LISTING DESCRIPTION
A must-see, almost impossible to find “Entire house with water views”, front porch with mini pool & terrace with 360 views of Ocean and Mountainside, this Baja getaway/investment property comes furnished, featuring 4 bedrooms 3 bathrooms, two-car garage, located in one of the finest developments in beautiful Mission Viejo, just south of Rosarito Beach! where million-dollar homes exist.

Continue reading EXPIRED – Ocean View Home For Sale in Mision Viejo, Rosarito Beach – $399,000 USD

Architectural plan included

• 438.196 sq. m. lot/land – FOR SALE $434,000 USD. Great price in La Mision, Ensenada.

Build your dream beach home, we proudly bring to you a unique oceanfront lot in a gated and secure location.

Continue reading EXPIRED – Oceanfront Lot For Sale in La Mision, Ensenada – $434,000 USD

3 Minutes to the Border

• 200 sq. mt., 3 bedrooms, 2 bathrooms, 2 story – FOR SALE  $159,000 USD. Reduced Price in Nueva Tijuana, Tijuana.

The house is located in Otay, just 3 minutes from the Garita de Otay (Sentri Line and Ready Line), which allows you to have quick access to the United States.

The house is 5 minutes from the Airport of the city of Tijuana, near the Universities UABC and the TEC, has an area of 2152.782ft² and 2152.782ft² of construction, 1 block from the Blvd. Bellas Artes, one of the most important avenues of the city, near hotels, restaurants, hospitals, police stations, schools, offices, shopping centers, gas stations, housing complexes.

Continue reading EXPIRED – Home For Sale in Nueva Tijuana, Tijuana – $159,000 USD

This Home Has Spectacular Ocean View 

  • 2,700 sq. ft., 3 bedrooms, 2.5 bathrooms, 3 Stories “Contemporary” – FOR SALE $265,000 USD. Lowest priced opportunity in San Antonio del Mar, Tijuana.

Take in the spectacular Baja sunsets in this spacious three-bedroom, two and one half bathroom home 2700 square foot home. Three floors of living space allow for unbelievable views of the beautiful Pacific Ocean from your living room, Office, and balconies. Imagine working from home and being able to work from home and enjoy spectacular ocean views as well as incredible natural lighting. This home offers covered parking for two cars with a security gate.

Continue reading EXPIRED – Ocean View Home For Sale in San Antonio Del Mar, Tijuana – $265,000 USD

Magnificent and Beautiful Oceanfront Home

  • 2,500 sq. ft., 3 bedrooms, 2.5 bathrooms,  Single Story “Contemporary” – FOR SALE $239,900 USD. Lowest priced opportunity in Santa Monica Beach, Rosarito Beach.

This oceanfront charmer features three bedrooms with 2.5 baths spreading out over 2,500 square feet on a 5,180 square foot lot built-in 2015. Experience the breathtaking panoramic views from the North-South and West living room windows. You can watch the beautiful ocean waves crashing onto the white sandy beach from the living and dining areas as well as the master bedroom. The open floor plan allows you to have spectacular views from the kitchen and living room and dining room areas. This magnificent home has a beautifully landscaped expansive three-level rear patio with private beach access only steps away. It has a separate one-bedroom guest house with a kitchen that can be used by visitors. It features french doors which open to a landscaped patio with tropical plants and flowers.

Continue reading SOLD – Oceanfront Home For Sale in Playa Santa Monica, Rosarito Beach – $239,900 USD

Condo With Great Ocean and City Views! 

  • 1,323 sq. ft., 2 bedrooms, 2 bathrooms, Single Story “Contemporary” – FOR SALE $154,999 USD. Lowest priced opportunity in Quinta del Mar, Rosarito Beach.

This complex offers a solidly constructed building in a unique location with walking access to everything Rosarito Beach has to offer! Great for your first beach house, investment or Baja getaway property, makes a great rental for extra monthly income, in addition, this unit has brand new tile and bathroom are been redone too. Living in Quintas del Mar you can experience the splendor of Rosarito living next to the best sandy beach area, walking distance convenience, and big grocery stores as well as a produce market, 24 hr security, ample parking, outdoor pools heated jacuzzi’s / BBQ ROMs, sun deck overlooking, green and playground area, club area with wine cellar, private resident’s club for entertaining/relaxing, fitness center nearby.

An upgraded secure full ownership ocean property on this price will not last long.

Do not lose this opportunity, make your appointment for a private showing today!


FINANCING IS NOT AVAILABLE except where Owner-Financing is offered.


Gerardo Oceguera Real Estate Agent

Rights And Obligations Contained In Your Real Estate Trust

Rights And Obligations Contained In Your Real Estate Trust

I know, some of you will give me that look, but chances are that 3 out of 4 people with a fideicomiso are not familiar with the terms and obligations contained in their respective trust agreement.

Common Rights specified in the trust:

  1. To rent the property;
  2. Encumber the property to guarantee obligations such as loans;
  3. Bequeath the trust interest;
  4. Assign your trust beneficiary rights.

Continue reading Rights And Obligations Contained In Your Real Estate Trust

Hassle-free Investment Opportunity!

• 1,120 sq. ft., 2 bedrooms, 2 bathrooms, single story – FOR SALE $219,000 USD. Best location in town in Rosarito Beach Condo Hotel, Playas de Rosarito.

Rosarito Beach Hotel offers luxury resort-style full-time oceanfront living and their famous vacation income property rental program.

This is a luxurious professionally furnished 2 bedroom-2 bath ocean view condo that offers modern contemporary decor, 8.5 feet high ceilings, natural lighting, large covered balconies with spectacular beachfront, ocean, and pier views. This unit is equipped with everything you might need to live comfortably including top of the line stainless steel appliances, granite counter-tops throughout, double sink bath, shower and tub, telephone and Internet setup and 2 LCD screen mounted televisions.

Continue reading EXPIRED – Oceanfront Condo For Sale in Rosarito Beach Condo Hotel, Playas de Rosarito – $219,000 USD

Hello Rosarito Beach, we have new HOT PROPERTIES listed on our website, oceanfront and ocean view properties in all the Rosarito Beach area!

CLAUDIA’S LISTINGS

Ocean View Homes
Terrazas del Pacifico – $397,000 | 7 Br 4.5 Ba
Rancho Descanso – $220,000 | 2 Br 2 Ba

Oceanfront Condo
Rosarito Beach Hotel – $219,000 | 2 Br 2 Ba

OSCAR’S LISTINGS

Click Here to See Oscar’s Listings


HOT PROPERTIES - November 4th 2019

Click Here To See More Rosarito Beach Hot Properties

Bi-Level Units, Close To The Beach, A Good Investment

• 320 sq. m., 6 bedrooms, 6 bathrooms, 2-story “”Contemporary”” – FOR SALE $225,000 USD . Excellent in Costa Hermosa, Tijuana.

BRAND NEW- INCOME PROPERTY.
You can live in one home and have a steady income from the second one.

This is a Bi-level duplex each with it’s an independent and private entry as well, there is an independent 1 space covered garage with electric doors.

Continue reading EXPIRED – Home For Sale in Costa Hermosa, Tijuana – $225,000 USD

Hello Rosarito Beach, we have new HOT PROPERTIES listed on our website, Oceanfront and Oceanviews properties in all the Rosarito Beach Area!

 GERARDO’S LISTINGS

Ocean View Home
Reforma
 – 
$294,000 | 3 Br 2.5 Ba

Ocean View Condo
Quinta del Mar –
 
$154,000 | 2 Br 2 Ba

DARRELL’S LISTINGS

Oceanfront Home
Playa Santa Monica
 – 
$260,000 | 3 Br 2.5 BaOcean View Home
San Antonio del Mar
 – 
$265,000 | 3 Br 2.5 Ba

KENNETH’S LISTINGS

Oceanfront Condo
Riviera – $375,000 | 3 Br 2 Ba


HOT PROPERTIES - November 4th 2019

Click Here To See More Rosarito Beach Hot Properties

The Restricted Zones Of Mexico

The Restricted Zones Of Mexico

What is the Best Option for you to Buy Property within the Restricted Zones of Mexico?

Keep in mind that every fideicomiso needs a federal permit to create the trust, when the information is submitted and it mentions that the property is equal or larger than 2,000 square meters, the permit includes, among other conditions, the obligation for Bank and notary to insert a clause within the trust contract, obligating the trust beneficiary owners to invest at least US $250 K within 24 months after the creating of the trustor forfeit the property to the Mexican government, thus, the option is to create a foreign-owned Mexican corporation which once in operation may acquire property (which becomes a company asset) thus, avoiding the trust and the condition to make such a sizable investment, (keep in mind that this amount increases based on a chart that you can find here in Baja Legal Advice in the article discussing this).

If you create a foreign-owned Mexican corporation you will have to spend several thousand dollars in creating one, pay a monthly fee to a bookkeeper to file monthly tax reports, (yes, you read that right, even if the company generates no income), the property then becomes a company asset which may be attached by our IRS for failure to make monthly tax reports, also, it presents problems to transfer property which then besides being a taxable transaction (the company does not have the option to deduct as much as $67,000 dollars on the taxable gain which a legal resident of Mexico has) and the mechanism to Will out the asset to somebody is not a straightforward one, also, at the end of the day, the supposed savings in creating the corporation, compared to those of the trust, are nil, because of bookkeeping fees among other reasons.

Lastly, let us consider the Estate Planning benefits provided by a trust, as follows:

If I was to buy property, even as a Mexican national, I would set up a real estate trust, why? because, under the trust, after my passing my beneficiaries will not have to file for probate to become the trust beneficiary owners, whereas, under a Will, my heirs would have to retain the services of an attorney, file Probate in Court, pay thousands of dollars in legal fees and wait a year or more for Probate to conclude.

Learn More About Restricted Zones


Rafael Solorzano - Baja Legal Advice

Rafael Solorzano
Attorney at Law / Licensed Exclusively in Mexico
CLICK HERE TO SEE RAFAEL SOLORZANO BUSINESS LISTING

Baja Legal Advice Facebook Group

When the Landlord Refuses to Make Repairs to the Leased Premises

When the Landlord Refuses to Make Repairs to the Leased Premises

What Does The Law Say About It?

Not a week goes by without me receiving several calls or messages having to do with Landlord abuse, among which failure to make timely and proper repairs to the property, pocketing the security retainer, among others.

This is a common and recurring scenario: Your landlord required you to pay thousands of dollars in cash upfront for either a 1 or 2-month rent payment plus a security deposit when leasing the property. Just as they hand over the keys, you are rushed o sign the lease and skip a “Move-In Inspection,” of course. After you move out, no matter how many days you spend scrubbing the place, the landlord does its own walk-through, conjuring any discrepancy they can muster in the place. It doesn’t matter if the discrepancy or rubbish existed when you moved in or not.

Continue reading When the Landlord Refuses to Make Repairs to the Leased Premises

I have been asked this multiple times, can I switch banks, the reason usually is to save money or to have a functional relationship with the bank (Bancomer is too expensive and bureaucratic, Banorte is slow as a snail, HSBC is not taking any more business and is hard to reach).

Well, it is possible to switch banks by replacing your current one but it is not going to be cheap.

Continue reading Switching Trust Banks

Planning to Buy a Condo?

If you plan to buy a condominium unit in a new or recently completed complex, read this:

Negotiating a fair price, entering a fair contract, choosing the right location, the options and amenities, etc., is not nearly enough, you must have a copy of the CCR’s that will govern the complex and how the HOA will be integrated and how will it be run is also very important, so don’t neglect asking for a copy of the CCR’s and find out if the developer will be controlling the HOA and for how long, also if the developer is to have 2 or more votes per every unit compared to the 1 vote for every resident.

I often hear this from my readers:

“Our community is in the early stages of development; there are 3 dozen lived-in homes. The community is about 2 years old… I have lived here for less than two years. Our developer has appointed a board of directors consisting of three of his employees and not surprisingly maintains solid control of the community.

Continue reading Mexican Developers Rules

I know, some of you will give me that look, but chances are that 3 out of 4 people with a fideicomiso are not familiar with the terms and obligations contained in their respective trust agreement.

Common Rights specified in the trust:

  1. To rent the property;
  2. Encumber the property to guarantee obligations such as loans;
  3. Bequeath the trust interest;
  4. Assign your trust beneficiary rights.

Continue reading Rights And Obligations Contained In Your Real Estate Trust

 Foreigners Cannot Directly Own Property in Mexico

As you may know, Foreigners cannot directly own property in Mexico except when they enter an agreement with the federal government to abide by the rules of the country with regards to the land they acquire, thus they may form a Mexican owned company or set up a real estate trust.

You may also know that Border and Coastal areas and the whole peninsula of Baja California are constitutionally restricted and known as zona Prohibida(forbidden zone) and that foreigners can set up a fideicomiso (real estate trusts) or may form a foreign-owned company to acquire a property.

Continue reading Legal Basis For The Acquisition Of Real Estate in Mexico By Foreigners – Baja Legal Advice

Mexican Real Estate Attorney

Buying a home is surely one of the most expensive investments a person makes and buying property in Mexico, for a foreigner, it’s not a simple process. There are a number of laws that have an impact on a real estate transaction, and just hiring a real estate agent isn’t going to cover all bases to deal with the sale, thus it is advisable to consider hiring a real estate lawyer to guide you through the legal process.

Continue reading Do you need a Mexican Real Estate Attorney?

Do You Want to Buy Ejido Land?

Think again.

Since I have been asked this many times, I hereby submit for your benefit, a detailed description of the process required by law to privatize Ejido Land, pursuant to the Mexican Agrarian Law.

The process consists of four stages, which are the following:.- The whole Ejido community must be current with their respective plot rights. To do this they must have performed, previously, a meeting to establish individual metes and bounds (article 56 of the Agrarian Law).

Continue reading Buying a Ejido Land – Baja Legal Advice

What is the Best Option for you to Buy Property within the Restricted Zones of Mexico?

Keep in mind that every fideicomiso needs a federal permit to create the trust, when the information is submitted and it mentions that the property is equal or larger than 2,000 square meters, the permit includes, among other conditions, the obligation for Bank and notary to insert a clause within the trust contract, obligating the trust beneficiary owners to invest at least US $250 K within 24 months after the creating of the trustor forfeit the property to the Mexican government, thus, the option is to create a foreign-owned Mexican corporation which once in operation may acquire property (which becomes a company asset) thus, avoiding the trust and the condition to make such a sizable investment, (keep in mind that this amount increases based on a chart that you can find here in Baja Legal Advice in the article discussing this).

Continue reading The Restricted Zones Of Mexico

Capital Gains

Beware, most notarios differ in their perspective of things and conditions required by law, more so when it comes to address the fact that they be held responsible for unpaid taxes, thus the younger notariosare bound to ask more conditions than usually required by law, so be prepared, they can demand additional conditions at the worst possible time, screw up a real estate deal and not feel any remorse for leaving things for last.

Be aware that some notarios have begun to refuse CFE receipts as proof of residence/expense and are having you go back to CFE to obtain a factura with a CFDI, now CFE is refusing to grant facturas alleging that the receipt obtained by the consumer is an invoice, notarios insist that no, they must issue a specific factura instead.


Rafael Solorzano - Baja Legal Advice

Rafael Solorzano
Attorney at Law / Licensed Exclusively in Mexico
CLICK HERE TO SEE RAFAEL SOLORZANO BUSINESS LISTING

Baja Legal Advice Facebook Group

Talking About Old Trusts

When the Mexican government grants a permit for a bank to create a fideicomiso on behalf of a foreign national, it instructs both the bank and the Notario to includes a number of obligations that are included within the clauses of the fideicomiso, while granting a 50 year term for the trust beneficiary owners (renewable) to use and enjoy the property held under trust.

Continue reading Why Do Mexican Real Estate Trusts Expire and What To Do About It – Baja Legal Advice