Real Estate Attorney Near Los Cabos

The number of people from the United States and Canada who wish to purchase property on the Mexican coastline is growing. Los Cabos and surrounding areas have become popular places for people to build or purchase vacation homes, condos, or full-time residences. However, Mexican law presents challenges to foreign real estate investors, and you always want the guidance of a real estate attorney near Los Cabos if you are looking to complete a real estate transaction. Contact Baja Liberty Law Firm to learn how we can help you purchase the property of your dreams.

Purchasing Property through a Fideicomiso

Foreign citizens cannot purchase certain coastal properties outright like you would in the U.S. or Canada. There is a workaround that allows you to have ownership rights despite the prohibitions in Mexican law, and it involves using a fideicomiso. This is a Mexican bank trust that owns the property, and then you receive the benefits of ownership as a beneficiary of the bank trust. You can use the fideicomiso to pass property on to other beneficiaries, as well. We handle this entire process. 

Working with a Notario Público

In Mexico, real estate transactions are overseen by state-appointed lawyers called Notario Públicos. These lawyers handle the title search and transfer, all recording requirements with the Public Registry, tax calculations, and more. We represent your interests to the Notario to make sure that your transaction goes smoothly. 

Condo Regime Rights and Responsibilities

Just like condos in other parts of North America have HOAs, Mexican condominium complexes have condo regimes. The regime documents must be approved by the government, and these agreements impose limitations and responsibilities on condo owners. We help you understand all of your obligations and restrictions under a condo regime before you purchase. 

Real Estate Developments

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. 

Purchasing Ejido Land

Mexico has properties referred to as Ejido land, which were granted to whole communities to preserve farming abilities. If you have your eye on a piece of Ejido land, you must first try to convert it from Ejido to private property. If successful, you can purchase it through the above procedures. We can evaluate whether a purchase of prior Ejido land is possible for your situation. 

Speak with a Real Estate Attorney in Los Cabos Today

If you are seeking to purchase a property in the Los Cabos area, you need to follow the proper process due to Mexican legal restrictions. The legal team of Baja Liberty Law Firm assists real estate investors in the U.S. and Canada to successfully complete their real estate transactions or development projects. Contact us for more information and a discussion of your options today.