Ownership

Full Ownership at Las Palmas:

The Las Palmas resort offers a beautifully designed Master Planned Community with fully deeded ownership to both condominiums and beach homes.

Real Estate in Mexico

Foreigners can own property in Mexico through a trust managed by a bank. This trust allows individuals or corporations to use and enjoy real estate property located within a range of 100 kilometers from the borders of Mexico, and 50 kilometers from costal areas.

Trusts are legally established by the Mexican Investment Law, Chapter IV, Articles 18 to 24, fifth transitory.

A Fiduciary (a bank trust department) will have temporary ownership of the real estate property, subject to the direction of the beneficiary (the foreign buyer) allowing the beneficiary use of said property.

Title Insurance

Las Palmas has worked with two outstanding leaders in the US Title Insurance business to provide our clients with title insurance. As a client, you can choose either First American Title insurance Company or Stewart Title Guaranty de Mexico for your title insurance needs.

Fractional Ownership at Las Palmas:

What is fractional ownership:

A concept that was originally developed in the 80’s, fractional ownership is not time-share because the purchaser is buying rights to the title to real estate. With time-share a purchaser is only buying a right to a block of time, usually for a limited amount of time before additional renewal fees or charges are added. There are no exchange fees or requirements to reserve your unit.

The Benefits of Fractional Ownership:

Luxury ownership for Less:

Las Palmas Fractional Ownership allows you to own a fully furnished, high quality vacation property while spending less money on upkeep, taxes, and the initial purchase price with the concept of paying only for what you use.

An Investment in Equity:

A common misconception when a vacation property is divided such as this, is that fractional ownership is the same as time-share. Time-share cannot compete with fractional ownership on any level. With a typical time-share, a purchaser is only buying a right to a block of time usually in a hotel type atmosphere. But with the Las Palmas residential resort property, you are buying a legally titled, beneficial interest in the property and the property is a beautifully furnished condominium or beach home. As an owner, you have full rights of ownership, including selling to others, leasing, giving it away, and passing it to future generations. As real estate of course, you will experience real estate appreciation over time.

The Right Balance of Vacation Time:

Generally, people understand that vacations offer much to their families. A great get-away, a seaside recreation area with all of the amenities, and a lifetime of memories is what is offered here at Las Palmas. Las Palmas residential resort offers both full and fractional ownership. For some people, full ownership can turn into more of a burden than a pleasure. In buying a fraction of a vacation get-away, you can balance your actual use of your vacation home with the appropriate cost of ownership and related expenses!

Full Ownership isn’t for Everybody:

Unless you are retired and have an unlimited amount of time to vacation, your vacation residence may sit empty most of the year. With fractional ownership, you can enjoy the benefits of a vacation home with significantly less cost and worry. The annual maintenance fee, which takes care of maintaining the value and quality of the unit, is also divided between the owners and becomes a fraction of what it would cost with either time-share or full ownership.

The Rapidly Growing Fractional Ownership Market:

The buyer in the fractional real estate market understands these concepts: