Wednesday, March 2, 2011

What different contracts are involved in a Mexico Real Estate transaction?

Within Mexican Legislation, there are several Mexico real estate contracts related to the transaction; the most common agreements are oriented to purchase, sell, lease and encumber properties, whether these are preconstruction projects or finished residences.

The Sale-Purchase Agreement is a common civil agreement, by which the Seller transfers a property to the Purchaser, and the latter pays a certain amount of money for such transaction; if the object of this agreement is a property located within the restricted zone....

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