Once the construction completes the developer in Mexico needs to have a “condominium regime” established and registered at the local Public Registry of realestate. The process usually requires a booking amount ranging from $5,000 up to $10,000 USD to be paid beforehand. A feature of Mexico realestate market is for purchasers to buy Mexican realestate “off the plan”, [...] There can be also construction linked payment or monthly payment plans. This Condominium regime defines the private realestate areas, the common realestate areas and the rules governing the use and holding of both areas.
Ventura County Real Estate
Information is deemed reliable but not guaranteed.