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Wednesday, October 15, 2008

The Mexican land lease

A land lease for more than ten years is not legal and never has been legal in Mexico. If a lease that exceeds ten years is finalized and the landowner decides he wants his property back after the first ten years, he can disregard the agreement and legally take back the property regardless of the time period noted on the lease. The leaser would have no alternative, because a lease that exceeded ten years was signed and finalized. In this case, and under these circumstances only, can the Mexican Law take away the option to use the Mexican Court System. We recommend a lease only if you have limited your total investment to an amount you feel comfortable with, knowing that at the end of the, up to ten year, period you could be asked to leave the property. Today, the landowner may say he will renew your lease as many times as you want, but that may not be the case in the future.

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