Relax.Com.Mx
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Your own slice of Baja
Most of the weekend warriors that visit Ensenada do nothing more than that.
However, there are the few that really look at Ensenada as more than just a
place where they can go and paint the town red while barely staying out of trouble.
Baja in general does not have the fast paced luxuries So-Cal or most
other US gringo cities but, that is exactly what some people want to get away from.
Manana is not a bad way to live for a Bajabum. hehehe
A foreigner cannot own property in Mexico
As a gringo, you can hold property in three ways.
- Fideicomiso (Bank Trust and the most reliable way)
These trusts are good for 50 years and AUTOMATICALLY renewable every 50
years. You can sell it or will it so it could go on in your family in perpetuity.
- Land Lease (very un reliable, just ask people in Punta Banda)
A land lease for more than 10 years in not legal and never has been so don't buy the
crap you hear about the 99 year gig that gringos seem to talk about all the time.
Not even the 10-10 and 10-year arrangement is legal. if you enter into a 10-10 and 10-year
agreement with a Mexican land owner and at the end of your first 10-year lease he decides he
does not want to honor the other 10 year term, your done and can't do anything about it even in court.
- Get a concession on the coast Federal Zone
No one, including Mexican nationals can own property in the Federal Zone
which applies to only beach-front property within 20 meters (66 feet) of the
mean high tide line.
This property is owned by the Federal Government
under the federal maritime Land Zone Law. It is possible for foreigners and
Mexicans to obtain use of the beach land for a reasonable fee under concession
granted by the government.
Protect yourself by doing your homework on the property.
Don't just accept someone's word on it.
Later, BB
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