Real Estate Law
Foreign Investment in Mexico has increased in the few past years, since individuals looking for a place to retire to people wanting to establish a business. All of them have chosen Mexico, and in particular Yucatan.
Foreigners are able to legally buy real estate anywhere in Mexico. In case you, as a foreigner, want to buy in an area called as “restricted zone”, which is 50 kilometers from the coast and 100 km from the borders a Trust Bank or a Mexican corporation will be required for the acquisition. Anywhere else in Mexico is considered “out of the restricted zone” and you are able to buy under your own name without having to use any of the legal vehicles mentioned above.
The laws in Mexico are unique and can be complex; therefore we provide legal advice in the process of purchasing or selling real estate to nationals and foreigners.
Foreigners, who buy real estate in Mexico, have the full protection of the Mexican law. We know how important this real estate transaction is for you. It might be the most important transaction of your life.
We help you accomplish the acquisition of a home or piece of land for your retirement or for a business. If you cannot attend to the closing, it is not an issue; we can represent you in this important act.
Our legal advice includes preparation of purchase agreements, title searches, and all other important documents and tasks to nullify the potential risks involved in real estate transactions. Our clients are from individuals purchasing their first homes to corporations transferring large parcels of real estate. Our Firm’s experience and dedication are at your service. We offer you personalized attention, unsurpassed customer service, a friendly and inviting atmosphere, honesty, dedication and the most important results. Our Firm attends to the details of every legal matter and our thorough knowledge of the Mexican real estate law enables us to anticipate obstacles and thus avoid conflicts.
Property Title Search and Due Diligence
These two processes are very important to be taken to assure our clients they are purchasing a property with a clear title. Prior you purchase any property, is very important to make an extensive search in the public records to determinate if the property you are willing to buy has no liens or any other defects that will be a further problem for you. We search the legal source of the property at the Public Land Recording Office (Title search), check that all utilities and taxes are already paid, check on the plot plans of the property, and search for elements to provide certainty to your acquisition (Due diligences).
Closing
We protect your investment and yourself preparing and reviewing all the closing documents and other matters necessary to secure a successful transaction.
A Few Testimonials
I have dealt with Arhely Medina and her team at Yucatan Attorneys. I strongly recommend their immigration and corporate services. You will find professional and honest people working for the best of your interests.
After the meeting was over with the lawyers from Yucatan Attorneys, Marty and I were amazed by how organized, very professional, politeness spoken, and the grace of our unknown knowledge of buying here in the Yucatán, they made us very comfortable, and confident that we really could do this! Two out of three Lawyers that we met spoke extremely good English and were very straight forward and very detailed. They explained everything that we asked in great details for us to understand.