You've made the exciting decision to invest in property in Mexico. With the luxury of time and no immediate rush to move in, you're keen on seizing a golden opportunity through a pre-sale transaction. Let's delve into what constitutes a pre-sale. ...
Continue reading
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...
Continue reading
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....
Continue reading
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....
Continue reading
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....
Continue reading