Recently, the demand for properties subject to bank auctions has increased and become an opportunity for investing in México. However, as with any business, there are several aspects to consider prior to investing in a property under this condition....
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The law establishes the General Assembly of Condominium Owners as the supreme administrative body that will govern the organization and social functioning of the Condominium Property Regime. A General Assembly is necessary for a condominium to carry out its administration responsibilities and to generate a healthy coexistence among the owners through orderly and regulated voting. The General Assembly must be governed by a public deed that stipulates the organization and administration of the condominium, in addition to designating a person in charge of carrying out these tasks. These are normally carried out in either ordinary or extraordinary assemblies. Ordinary assemblies must be...
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What is non-performance? Non-performance can be defined as any failure to perform or correctly perform a contractual obligation, whether this failure to perform is due to the fault or lack of fault of one of the parties. ...
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Divorce is the legal dissolution of a marriage, at the request of one or both parties, under the process and reasons established by law. Divorce also implies the separation of things or persons that are or should be united or related by the matrimonial bond, as well as the dissolution of the society that has been formed by the marriage. ...
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Civil liability is the obligation to compensate for the damage caused by one party to another, regardless of whether or not there is a prior legal relationship. Such compensation may be monetary or in kind....
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Intestate property refers to real estate lacking a legal owner, requiring a succession process to establish rightful ownership before any claims or sales can be made. This procedure aims to identify the new property owner and grant them the authority to manage the property as they see fit....
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In Mexico, the term "postnup" refers to a postnuptial agreement or marital agreement entered into after marriage to establish terms and conditions related to assets and other legal aspects in the event of divorce or separation. Although postnups are not specifically regulated in Mexican legislation, it is possible to enter into and recognize them in the country. Here are some general requirements and considerations for postnups in Mexico: Voluntary agreement: Both parties must voluntarily agree to enter into a postnup and be in agreement with its terms and conditions....
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Prenups: A prenuptial agreement is a contract written prior to a marriage that defines terms of divorce to foresee a positive outcome for both spouses in the event of a dissolution. A postnuptial agreement is a simple prenuptial but written after a marriage is performed. In Mexico, it is possible to recognize and enforce foreign prenuptial agreements, as long as they comply with certain requirements. Here is a summary of the types and requirements for foreign prenuptial agreements in Mexico: They are marital agreements executed before a Notary public or the competent official of the Civil Registry in the country of origin. These civil...
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According to the National Institute of Statistics and Geography (INEGI), abandoned or empty homes in Mexico total 6,150,000, which has increased over the last decade. The reason for the increase varies, including the rising number of vacation or second homes purchased by Mexicans and foreign nationals who don’t use the properties often or are waiting to develop the properties. Abandoning or leaving a home empty can leave the property at risk of property encroachment....
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Each year, Mexlaw receives substantial inquiries from condominium owners regarding problems arising from conflicts with condominium administrators. Many of the challenges experienced by condominium buyers could have been avoided if they were armed with more information regarding Condominium laws in Mexico....
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