Tips on Securing Your Vacation Home in Mexico

Posted by Mexlaw

So you found your dream home in Mexico, now it is time to shop for a homeowners insurance policy to protect your investment. Unexpected loss happens, whether it is loss through robbery, vandalism, fire, flooding or a natural disaster. Vacation homes are at higher risk of loss as some foreigner property owners only stay six months and leave the home vacant for the remainder of the year. A significant portion of real estate purchased by foreigners in Mexico is condominiums. In this case, the condo association will have a blanket policy to insure the structure, common areas, fixtures, and amenities....

09 June

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Hiring Legal Counsel For Your Homeowners Association

Posted by Mexlaw

in Legal Services, MexLaw

Serving on a Homeowners Association board can be time-consuming and at times stressful. There are many regulations and laws, including state and condo laws which the complex must abide by; it can be difficult to understand and comply with the various legal obligations. Moreover, since the condominium complex is made up of many different personalities, emotions can run high when you are addressing issues regarding people's homes and their investments. It is always best to have legal counsel on board before problems arise, be prepared and do not wait till there are serious issues before hiring an attorney. Competent legal...

09 June

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Protecting a Vacation Home in Mexico

Posted by Mexlaw

in Insurance

Tips on Securing Your Vacation Home in Mexico So you found your dream home in Mexico, now it is time to shop for a homeowners insurance policy to protect your investment. Unexpected loss happens, whether it is loss through robbery, vandalism, fire, flooding or a natural disaster. Vacation homes are at higher risk of loss as some foreigner property owners only stay six months and leave the home vacant for the remainder of the year. A significant portion of real estate purchased by foreigners in Mexico are condominiums, in this case, the condo association will have a blanket policy to insure...

29 May

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Quick Facts About Assemblies for Condominium Owners in Mexico

Posted by Mexlaw

in MexLaw, Real Estate

Foreigners who are thinking about investing in Mexico, whether as a 2nd home or a permanent relocation, typically have a condo near the beach in mind. Downsizing and enjoying a more affordable lifestyle go hand in hand with living in Mexico. Living in a condominium has many advantages such as easy upkeep, security, amenities, swimming pools and fitness centers, investment, an opportunity for rental income, and also a social aspect which comes with living in a condo complex. Condominium ownership is best described as real estate of any shape or size available for individual ownership with undividable common areas for...

04 May

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Frequently Asked Questions Regarding Foreigners and Title Deed in Mexico

Posted by Mexlaw

in Legal Services, MexLaw

As an investor in Mexican real estate, it is essential to understand the title registration process and have reliable legal representation before you hand over your money. Foreigners risk losing everything if they do not hire a reputable law firm to represent them and ensure they receive the title on the property.