More and more people from Canada and the United States are realizing the allure of the Baja California peninsula. With its beautiful ocean views and entertainment, people are choosing to purchase property to live in or build a real estate development near the Mexican coast.
Unfortunately, there are some barriers and unique requirements to coastal property ownership by foreign investors, though these obstacles are far from insurmountable. You should discuss your real estate goals with a real estate attorney in Baja California Sur to understand the requirements. Our lawyers at Baja Liberty Law Firm can then guide you through the entire process until you own your dream property in Mexico.
Mexico has restrictions on who can and cannot purchase coastal properties, and foreign citizens are prohibited from buying many properties outright. However, the solution is to purchase the property through a Mexican bank trust called a fideicomiso. We can help you form a fideicomiso, renew an existing trust, and set everything up so you can enjoy all the benefits of property ownership despite the legal restrictions.
Mexican lawyers called Notario Públicos oversee all real estate transactions. These lawyers are appointed by the state to handle title issues, Public Registry, title transfer, documentation, and more. Our real estate attorneys represent your interests while the Notario is handling the process, and we address and keep you apprised of any possible hiccups.
Similar to HOAs, Mexican condominium complexes have regimes in place that provide rights and responsibilities for condo owners. Whether you are building a condo complex or purchasing an individual condo for yourself, we will make sure that you understand how the condo regime will impact you and that you have the proper agreements in place.
If you have a more large-scale development project in mind, the process is more complicated than forming a fideicomiso and completing a purchase. After you purchase the land you want, you need to obtain all the construction licenses and permits required in Los Cabos. We help with full compliance for investors and developers.
If the property you want is part of historic Ejido land, you will need to take additional steps to successfully complete your transaction. This refers to land owned by a community, so you need to convert the property you want into individually-owned land. We can determine whether this is possible for a particular piece of land and assist with the process.
Mexican real estate purchases by foreign investors can be complicated, but the real estate attorneys at Baja Liberty Law Firm are ready to assist you. We help many people from Canada and the United States purchase their dream coastal properties throughout Baja California Sur, including in Los Cabos, La Ventana, and La Paz. Do not hesitate to reach out for more information about your options today.
We would highly recommend Francisco Gonzalez to handle any legal issue you may encounter. Francisco is a exceptional individual. Francisco handled our four year residency application and delivered just as he said he would. He is in our opinion a decent honest man. He was a joy to work with.
We were very impressed with the team of Attorneys at Baja Liberty who were able to draft several urgent documents on a Saturday and get the Notary to come to our house and notarize them on a Sunday.
We decided it would be a good idea to have a will in Mexico for our assets here. While we were at it we had a healthcare advance directive drawn up for use in Mexico. Francisco was able to seamlessly draft the language for the documents, organize all of the…
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