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cabaja
Newbie
Posts: 15
Registered: 7-21-2008
Location: San Diego
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PuntaFinal BIG PROBLEMS POLICE INVOLVED
***NEWS NEWS Police throwing out belonging at Camp***
Because of many years of fighting at the Mexican Court system with many of the tenants at Punta Final Campo it has come to a boil...!!!
The new landlord at PuntaFinal Kevin Choi has been wanting an increase in rents of 300%-400% when he took over or when the old leases expired..
Many of the tenants have been there for more 20 to 50 years..
Today the fun has started there are 4 large trucks there with a large Police presence and throwing all the tenants belongings out on the street and
taking the best stuff with them, going to?
More news and Pictures to follow and updates on www.PuntaFinal.com
Sad Sad day in history making!!!!
[Edited on 8-7-2014 by cabaja]
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rts551
Elite Nomad
Posts: 6699
Registered: 9-5-2003
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what did residents expect once it was time to renew their lease?
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rts551
Elite Nomad
Posts: 6699
Registered: 9-5-2003
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yur title says it all "PUTAFINAL"
| Quote: | Originally posted by cabaja
***NEWS NEWS Police trowing out belonging at Camp***
Because of many years of fighting at the Mexican Court system with many of the tenants at Punta Final Campo it has come to a boil...!!!
The new landlord at PuntaFinal Kevin Choi has been wanting an increase in rents of 300%-400% when he took over or when the old leases expired..
Many of the tenants have been there for more 20 to 30 years..
Today the fun has started there are 4 large trucks there with a large Police presents and trowing all the tenants belongs out on the street or?
More news to follow and updates on PuntaFinal.com
Said Said day in history making!!!!
[Edited on 8-7-2014 by cabaja] |
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monoloco
Elite Nomad
Posts: 6667
Registered: 7-13-2009
Location: Pescadero BCS
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A lease in Mexico is not valid for more than 10 years, the land owner is within his rights to charge whatever he wants when the lease expires.
"The future ain't what it used to be"
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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just another chapter.....
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micah202
Super Nomad
Posts: 1615
Registered: 1-19-2011
Location: vancouver,BC
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| Quote: | Originally posted by willardguy
just another chapter..... |
.....juts nadda chupala inda Puttafinale tsory 
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[Edited on 8-7-2014 by micah202]
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desertcpl
Super Nomad
Posts: 2394
Registered: 10-26-2008
Location: yuma,az
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Holly Crap
spend a lot to time there, just love it
my good friends have a place, been there since the 50s
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
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Mood: Always cranky unless medicated
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...bad roads bring good people....
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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| Quote: | Originally posted by bajabuddha
...bad roads bring good people.... |
I don't know about that, they brought Kevin!
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David K
Honored Nomad
Posts: 64488
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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Maybe he flew in?
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bacquito
Super Nomad
Posts: 1615
Registered: 3-6-2007
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Mood: jubilado
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| Quote: | Originally posted by David K
Maybe he flew in? |
Also, what are the results of the Campo Packard situation and the Bufadora saga??
bacquito
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
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Mood: Always cranky unless medicated
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My 'bad roads' post meant that since the highway has been completed all the way down to Punta Final, the price of real estate just went WAY up. The
whole corridor will drastically change in the next 10 years.
Twenty years ago, I used to 'teasingly' refer to San Felipe as ''Little San Diego'' with the influx of weekend homes popping up the 10 miles north and
south of town. The OG's of the strip will sell, the new tenants will pay the inflated prices and think they got their chunk of paradise. The new
highway is definitely a mixed blessing, but a definite blessing for the land owners (other than Gov't taxes).
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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cabaja
Newbie
Posts: 15
Registered: 7-21-2008
Location: San Diego
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You Can't just charge what you feel like..
That could be nice if you could charge what ever you like!!!!
So you are telling us for example you buy a house in a campo pay $100,000 for the house, you have it for 10 years the rent example: was $1,400 a
year..
Now your lease expires and you want a new lease (the property land got sold) you now have a NEW landlord and he says i'm raising your lease to $5,600
a year or $10,000 a year....
They can do this????????????? Don't think so there are Mexican Laws..
If that was the case now your house is worth maybe $10,000 or less because of the lease increase....
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redmesa
Senior Nomad
Posts: 580
Registered: 3-12-2008
Location: Van Isle and Bahia Asuncion
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Rule 1 ---never build a 100,000 dollar house on ejido or leased land in Mexico because it could easily not be yours in a few years.
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
Member Is Offline
Mood: Always cranky unless medicated
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Rule # 2- (again) NEVER invest in Mexico what you cannot afford to walk away from.
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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woody with a view
PITA Nomad
Posts: 15937
Registered: 11-8-2004
Location: Looking at the Coronado Islands
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Mood: Everchangin'
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they can do what they want. you only rent for the duration of the lease and that's it. everything you build is for the owner if he jacks up your rent
and you can't/don't want to afford it.
there's a saying about don't invest more than you're willing to walk away from! I tell myself that regularly.....
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monoloco
Elite Nomad
Posts: 6667
Registered: 7-13-2009
Location: Pescadero BCS
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| Quote: | Originally posted by cabaja
That could be nice if you could charge what ever you like!!!!
So you are telling us for example you buy a house in a campo pay $100,000 for the house, you have it for 10 years the rent example: was $1,400 a
year..
Now your lease expires and you want a new lease (the property land got sold) you now have a NEW landlord and he says i'm raising your lease to $5,600
a year or $10,000 a year....
They can do this????????????? Don't think so there are Mexican Laws..
If that was the case now your house is worth maybe $10,000 or less because of the lease increase.... |
The
maximum term of a lease in Mexico is 10 years, after that, you legally are owed nothing, the land owner can legally raise the rent to whatever he
wants or he can just say see ya later, get the F out. That is Mexican law in a nutshell.
"The future ain't what it used to be"
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rts551
Elite Nomad
Posts: 6699
Registered: 9-5-2003
Member Is Offline
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| Quote: | Originally posted by cabaja
That could be nice if you could charge what ever you like!!!!
So you are telling us for example you buy a house in a campo pay $100,000 for the house, you have it for 10 years the rent example: was $1,400 a
year..
Now your lease expires and you want a new lease (the property land got sold) you now have a NEW landlord and he says i'm raising your lease to $5,600
a year or $10,000 a year....
They can do this????????????? Don't think so there are Mexican Laws..
If that was the case now your house is worth maybe $10,000 or less because of the lease increase.... |
Why don't you think so? What law were you thinking of?
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motoged
Elite Nomad
Posts: 6481
Registered: 7-31-2006
Location: Kamloops, BC
Member Is Offline
Mood: Gettin' Better
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I have friends here in Canada who lost their homes/summer homes on Indian reserves when Band Councils decided they wanted their property to
themselves....never jacked up the rent....just told them to move.
It happens.....buyer beware !
Don't believe everything you think....
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
Member Is Offline
Mood: undecided
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Check out the situation at Priest Lake in ID. Long term leases? Improvements? This is in the USA. Gonna be one big auction with the feds handling the
gavel. Some very high dollar properties will be up for grabs.
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