The Condominium Regime in Mexico
What is the condominium regime and why is it important? The condominium regime is a document granted by a Notario Publico and recorded in the Public Property Registry, and until the developer has received the regime, the new buyers do not have legal title to the property. In some instances this process can take up to six months. Once the state and local municipalities approve the project, the regime is the legal approval issued by the government.
Quick Facts About Assemblies for Condominium Owners in Mexico
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.
Timeshare Laws in Mexico
A timeshare is a type of property that is owned and shared among a number of people. It is associated with divided ownership, or rights of usage. Generally, these properties are condominiums or living spaces that are located in desirable vacation destinations. A timeshare owner would purchase the rights to use the property at specified times during the year.