Some excerpts from the website of Playa Inn Full Condominium Services that might be useful
The Xaman-Ha luxury condominiums are located on white sandy beaches and set among tropical
gardens. Each spacious and comfortably furnished unit has a private
balcony with a beautiful ocean view. Only a short stroll to the nearby village of Playa del Carmen where fabulous international dining and shopping experience awaits you. When youre ready for adventure, head for the picturesque pier and catch the ferry to the Island of Cozumel, just steps away. All of the accommodations at Xaman-Ha are typical in layout but have their own unique decor. Provided for you are all the amenities to make your stay here the very best; Comfortable sofas,
satellite T.V., dining area, day
bar, and fully equipped
kitchen. Your own private
terrace with table and chairs for morning
coffee and meals are for your convenience. Spacious living arrangements and modern
kitchen are provided at Xaman-Ha. The living area has comfortable sofas,
satellite T.V., and dining area. The
kitchen is fully equipped with microwave, toaster,
coffee maker and all the cooking amenities that you will need. Daily maid service, fresh towels and linens are all provided for your convenience. Enjoy a private
pool overlooking the uniquely tranquil waters of the Caribbean. Move mouse over image to navigate. Spectacular Caribbean views from every Xaman-Ha condominium. Enjoy the
pool and
garden settings from your own private
terraces equipped with table and chairs. Enjoy the cultural ambiance at the plaza in Playa del Carmen. Delight in outdoor stands with fresh fruits, juices, and a variety of authentic Mexican
cuisine. Dine and
shop at the new Paseo del Carmen, located steps away, or continue up 5th avenue and explore all that Playa del Carmen has to offer. All of Playa del Carmen is located within simple walking distance from Xaman-Ha Condominiums. Enjoy championship
golf in the Mexican Yucatan peninsula, located in the PlayaCar Development. Designed by Bob von Hagge, this 18 hole course is internationally renowned and landscaped around the jungle and ancient Mayan ruins. Make your reservations thru Xaman-Ha for an early morning round and test your skills. Just let us know the day and time, well take care of the rest. The finest white sand beaches and most crystal clear waters await you. Beach comb, bask in the glorious sun, take a long stroll, all for you just a few steps away from the
pool and accommodations. Move mouse over image to navigate. The world renowned white sand beaches in Playa del Carmen are just a simple walk from Xaman-Ha. Here, you can enjoy all the water sports including; scuba and snorkeling
trips,
jet skiing, para-sailing, sky diving,
windsurfing and fishing
trips. Its all here and conveniently located by Xaman-Ha! All guests staying in in Playacar, receive a complimentary pass to the in Playacar Phase One. This includes access to the resort and their beach, as well as the use of many of their amenities. These amenities include:
swimming pools, beach palapas and chairs, kids
club and the use of the onsite
gym. For an additional fee, you can also receive a day pass, which gives access to unlimited food and
drinks. As the day pass price varies, please contact us with any questions on the price.
Investing in real estate in Playa del Carmen can be a rewarding and profitable experience. Many people come to Playa for a week, but find the experience so rewarding that they explore the opportunity to return. Either for retirement, real estate investment or extended vacations, Playa Inn can offer you a wide range of investment opportunities. We have provided some general information on the process of buying real estate in Mexico below. If you have any questions, please. For further information on real estate available in the area, please visit us at. Practitioner Code of Ethics. The Mexican Association of Real Estate Professionals (AMPI) has developed a Code of Ethics which must be observed by all members of that organization. Violation of the provisions may result in (1) a warning; (2) an admonition; (3) the temporary suspension of rights, or (4) expulsion from the Association. An Honor and Justice Commission oversees compliance. Click here for the full Code of Ethics. Entrance/Licensing Requirements. Currently Mexico does not have a license law though the states of Sonora, Sinaloa and Guanajuato require the registration of real estate practitioners. Agents working with clients in those states should verify local requirements for specifics. In the rest of the country, there is no regulation of practitioners and any Mexican citizen can promote and offer real estate for sale. Non-Mexicans must obtain an immigration status permitting them to work in the field. This status could be a
business visa for single transactions or the FM-3 (non-resident) or FM-2 (resident) status. Mexican Consulates in the U.S. and Canada can provide further information about the requirements for each different status. No minimum educational requirements are in place though AMPI, the Mexican Real Estate Association, has signed agreements with The Normalization and Certificacion Board of Labor Competency (CONOCER) which establishes criteria and which tests basic proficiency in the subject matter. This is a new program which is being tested in Monterrey, Mexico and may be extended to the rest of the country. Fee simple ownership is permitted. No foreign relations permit is required but the deed must be recorded in the National Foreign Investment Registry located in Mexico City, in addition to standard recordation in the local property registry. Non-Mexicans must obtain adequate immigration documents in order to promote and transact a real estate operation on behalf of others when the real property is located in Mexico. A real estate license issued in practitioner's state of residence will probably be required. Mexican Consulates can provide further information on the requirement. For residential properties located in the interior of the country, NOT in the restricted zone: Many foreigners acquiring property in the interior also put the property in trust in order to avoid the need for probate proceedings for the heirs. If no trust is used a Mexican will indicating disposition of the property is recommended. For properties located within the “restricted” zone: Article 27 of the Mexican Constitution of 1917 prohibits foreigners from owning residential real estate within thirty miles (50km.) of any coastline or sixty miles ( 100 km.) of either border. This area is known as the “restricted” zone. In 1973, recognizing that many foreigners would enjoy owning a retirement or vacation home in Mexico, and would bring needed dollars to the country through such ownership, the Mexican
bank trust, the fideicomiso, was established and approved for the purchase of real estate located in the restricted zone. For the first time since 1917, a non-Mexican could invest in a recreation or retirement home and feel
safe that his or her investment was secure. Under the
bank trust, legal title is placed in the name of a Mexican
bank, in trust, under a permit from the Secretary of Foreign Relations. The Mexican
bank holds the title to the vacation or retirement home for the buyer/beneficiary of the trust, the non-Mexican who purchased the trust rights in the property. The
bank administrates the property in accordance with the instructions of the buyer/beneficiary. The buyer/beneficiary enjoys the same rights of ownership as does a Mexican national. He may build on the property, tear down existing buildings, modify them, rent, lease or sell at anytime conforming only to internal
bank regulations for this type of trust and to the general laws of the country established for all persons. Additionally, the beneficiary may finance the purchase and instruct the trustee
bank to enter into the
security agreement with the lender. The trustee
bank may not, without express written consent from the beneficiary, sell,
transfer or encumber the property. The beneficiary may name the
parties he or she selects as co-beneficiaries and may name substitute beneficiaries upon death of the primary beneficiaries, thus avoiding probate in Mexico. Care must be taken however, in establishing the wording and terminology used in the succession of rights in conformance with applicable Mexican law. A permit to establish a Mexican
bank trust (fideicomiso) can now be obtained for a term of fifty years and can be renewed. In acquiring a property with an existing trust, the seller may assign the rights in the existing trust and the new buyer will enjoy the term established in the original trust permit. In other words, a trust established in 1995 will expire in 2045. Prior to 1993, the term of the trust was thirty years. Thus a trust established in 1990 would expire in 2010, unless extended or the original trust permit extinguished and a new permit obtained for fifty years. The cost for the permit issued by the Secretary of Foreign Relations, including registration in the National Foreign Investment Registry is currently about $ 1,500.00 U.S. dlls. and
bank trust administration fees generally range from $200. U.S. to $750. U.S. annually. There are other expenses involved in the acquisition of a property, however, and it is wise to request a written estimate prior to beginning the
transfer process. The Mexican corporation as a vehicle for acquisition of real property. Under the 1993 Foreign Investment Law, a corporation established in Mexico is considered as Mexican under the law, even if all the shareholders are foreigners. Thus a Mexican corporation with 100% foreign ownership can acquire real property in fee simple ownership, even in the “restricted” zone. This, however, is ONLY for non-residential property: a hotel, a
restaurant or other type of commercial use property. Not only is it a violation of the foreign investment law to place a retirement or vacation home in the name of a Mexican corporation, but also it is generally more costly than through a trust due to the requirement for periodic tax declarations and taxes on corporate assets. Land Registration System. Title investigations and the public registry. The Public Registry system in Mexico is not unlike that of the United States and Canada in that title, whether in trust or in fee simple ownership, must be registered in order to give notice to third
parties as to the interest in the property. A certificate can be obtained from the Public Registry in the municipality where the property is located. This will provide information as to encumbrances on title. Title insurance is now also available in many parts of Mexico. Automated data bases are not available so an investigation of title requires review of each and every document in the chain of title. These documents should be available through the Public Registry in the municipality where the property is located but there are occasions when the Notary Public records should also be searched. Since possession is a highly important factor in establishing ownership, a physical inspection of the property being considered is essential. Closing Costs, Procedures and
Parties involved in a
transfer: The costs involved to
transfer...