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Investing in Mexican real estate: outlook, framework and special considerations (Part 4)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • February 28 2012

This part explains the general pre-offer considerations and the process through which foreign nationals generally acquire ownership to real property located within the Restricted Zone

I.R.S. concludes Mexican landholding trust is not a trust ...

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico, USA
  • -
  • November 20 2012

Under Article 27, Section I, of the Mexican Constitution, all land is the property of the Nation, and legal capacity to acquire ownership of lands and waters from the Nation is limited to Mexicans by birth or naturalization and Mexican companies

Investing in Mexican real estate: outlook, framework and special considerations (Part 3)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • February 28 2012

The Foreign Investment Law, which implements Article 27, Section I, of the Mexican Constitution, elaborates on how an interest in real property in Mexico may be acquired by foreigners and Mexican corporations that allow foreign investment

Investing in Mexican real estate: outlook, framework and special considerations (Part 2)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • February 28 2012

Under Article 27, Section I, of the Mexican Constitution, all land is the property of the Nation, and legal capacity to acquire ownership of lands and waters from the Nation is limited to Mexicans by birth or naturalization and Mexican companies

Investing in Mexican real estate: outlook, framework and special considerations (Part 1)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • February 28 2012

Over the last decades, foreign investors’ interest in Mexican real estate has grown significantly

California courts may have an interest in a Mexico breach of contract dispute

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico, USA
  • -
  • November 26 2012

Last week, California’s Court of Appeal affirmed a trial court’s finding of forum non conveniens, but reversed the order to dismiss and remand with directions to vacate the dismissal and enter an order staying the matter

Investing in Mexican real estate: outlook, framework and special considerations (Part 6)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • March 12 2012

A promissory agreement is a contract pursuant to which one or more persons agree, in writing, to execute, within a certain defined timeframe, another contract (e.g., the land sale contract

Investing in Mexican real estate: outlook, framework and special considerations (part 5)

  • Martin-Sanchez & Leon de la Barra, LLP
  • -
  • Mexico
  • -
  • March 12 2012

Due to the complexities of the deed, the parties will often enter into a binding preliminary agreement that (a) sets the basic terms of the transaction (i.e. purchase price, subject matter and time for closing), (b) provides seller with a period of time to provide all documents necessary for the closing (i.e., certificate of no lien, tax receipts, receipts evidencing no outstanding utilities, and a current valuation of the property for tax purposes), (c) provides the purchaser with a period of time to obtain financing andor to schedule the required payments, and (d) demands payment of a deposit or initial payment (receipt of initial payments may be considered a taxable event; thus, tax advise should be obtained prior to entering into acceptance of an initial payment