Preguntas frecuentes
What rights and obligations does the Beneficiary acquire upon celebration of the Trust Contract?
As the Trust Beneficiary, you will have the use and possesion of the property —that is, you may live on the land and undertake any alterations and/or improvements. You also have the capacity to instruct the Trustee on mortgaging, renting, selling or transfering the real estate from your beneficial interest to another person or corporation.
If you sell the property to another foreigner, you may assign your beneficial interest to the new purchaser. This assignment of rights must be formalized before a Mexican Public Notary prior to the payment of federal and local taxes and fees that arise from the transfer of beneficial rights. You will also have the obligation to pay duties on the property, such as annual property tax, condominium maintenance fees, water, electricity, annual Trustee fee, and so forth.