Mexico Law Subdivisions and Condominiums

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REAL ESTATE BROKERAGE ASSISTANCE FOR MEXICO
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Phoenix, Arizona 85080
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Each state of Mexico has its' own real estate subdivision law. This law governs the changing of undeveloped (normally) and undivided land into a subdivision where there is a development of the land for residential, commercial and/or industrial use.

The process is usually in three principal steps: 1st" "Trazas", 2nd: Review and Approval of physical improvement, and 3rd: Permit to Sell.

Normal requirements will include, several drawings (electrical, water, roads, drainage, lot division, etc.), several feasibility authorizations, donation, and other related acts.

A subdivision authorization process is a many month process at best, and duties (rights/fees) will be payable to the government agencies involved.

Condominiums in Mexico Condominiums in Mexico are either vertical or horizontal multi-unit residences or business buildings. They are to have a "condominium regime" established and registered at the local Public Registry of Property. This regime defines the private property areas, the common property areas and the rules regarding the use and holding of both. The regime also sets up a co-owners ("condóminos") governing association, which makes the decisions regarding the common areas, and the appointment of an administrator (if needed) to carry out the decisions and to perform the daily chores to keep the buildings and common grounds in order. The Condominium Regime, in addition to giving the legal description of the private property units, it also identifies the percentage of the common property which is owned by each unit owner. This percentage number is normally used as the amount of voting right the owner has in the association of co-owners meetings and the basis to determine the co-owners common property expenses.