| Although many people refer to the trust arrangement in Mexico as a lease agreement, it is not. As a purchaser of Mexican property you are not a lessee but have all the rights that an owner of property in the United States and Canada has including the right to enjoy, sell, rent or improve your property.
Changes in the local laws and increased business to the region of Cabo San Lucas makes owning property in this beautiful location both pleasing and beneficial for both the economy and perspective buyers.
While the design and overall theme will certainly set Rolling Hills Estates apart, the laws governing purchasing property in Mexico are not the same as in other parts of the world. For those wishing to acquire property for residential usage, and who have a valid entry visa, current law requires that title to the property be transferred to a Mexican bank. The laws authorize Mexican banking institutions to act as trustees. As a result, the bank handles all of the paperwork, including filing for all of the necessary permits. The bank does not hold your Fidiecomiso as an asset of the bank. It is your asset!
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