Legal Question in Real Estate Law in Mexico
collateral rights to non mexican citizen
would like to have a good suggestions on real property
rights in mexico if you are not a citizen. What
are your legal rights to collateral property and if
property is in a condominios situation. In what ways
can you have protection to this situation.
2 Answers from Attorneys
Re: collateral rights to non mexican citizen
Dear Enquirer:
Provided that you follow the law and invest in Mexican property through a legal trust, your property rights are equal to any Mexican citizen.
Please refer to the articles on my web site (www.robinhammond.com) as these should relieve your anxieties.
Robin G. Hammond
Re: collateral rights to non mexican citizen
You can usually buy land in any part of Mexico, regardless of whether you are a citizen or not, unless it is within 50 kilometers along the coast or 100 kilometers along international borders. For this situations, you can also acquired possession rights as an owner, through a trust contract (fideicomiso) with the help of a financial institution. You should always check if such property is not a communal property (ejido) and if it is, that it is properly assigned to private ownership. Please feel free to contact me if you should have any more questions.