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Real Estate

MEXLAW > Real Estate (Page 11)

Luxurious Living, Investing and Living in the Riviera Maya

Spending your life relaxing on the Caribbean ocean, soft white sand beaches, and warm weather is probably reason enough to buy a home in Mexico, but if you are not quite convinced imagine calling a luxurious resort style condo home. Living and Investing in Mexico you will afford the luxury lifestyle which may be out of reach in your hometown. If you have considered investing in Mexican real estate, but worry about the time it takes to look after a property while you are out of Mexico, there are options available to you. One popular option is a condo hotel...

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MEXLAW Escrow Service Protects Your Real Estate Investment in Mexico

  Escrow is a legal process designed to protect the interests of both the buyer and the seller, acting as an impartial third party ensuring security for both sides. That third party should be a trustworthy law firm authorized to handle escrow accounts in Mexico. Real Estate Escrow The seller has assurance the buyer is committed to the purchase by placing money in trust as a deposit. The buyer is protected by ensuring the money is held in trust until the seller provides clear title, and all other stipulations that were included in the contract are complete. The traditional escrow accounts which we are...

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Top 10 Questions Foreigners Ask About Buying Mexican Real Estate

  These are 10 of the most common questions our real estate attorneys at MEXLAW hear on a daily basis; they are the experts when it comes to helping foreigners buy Mexican real estate. Is it safe to buy real estate in Mexico? Yes, but it is crucial to use a Mexican real estate attorney to ensure you receive the title on the property. The attorney performs a complete title search,  including the chain of ownership to ensure this seller has the right to sell, and that no others are waiting to take possession of the property. This search will also reveal...

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Expats and Capital Gains Tax on Mexican Real Estate

Who is Considered a Taxable Resident? When we talk about taxes in Mexico, it is important to know if you fall under the category “Taxable Resident,” According to the Mexican Tax Code a foreigner is considered a Mexican Tax resident if: You have established a place of residence in Mexico; If you also own a home in Mexico and another country, you will be considered a tax resident of Mexico if your center of vital interests are in Mexico; or more than 50 percent of your total income is derived from Mexican sources; and your primary professional activities are carried out in...

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Cautionary Advice About Ejido Land For Foreigners Looking To Invest In Mexico

You may hear of foreigners having issues with their Mexican property; chances are the property they purchased belonged to Ejido. Ejido (pronounced eh-hee-dough) was a product of the Mexican Revolution of 1910; it is a collective communal organization, and the land was lent to the people to use for farming and raising their families but remains owned by the government and regulated by Agrarian Law. One of the primary objectives was to break up large stretches of privately owned land, into smaller lots, return the land to the people and ensure poor farmers had property to work. These parcels of land...

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