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Author: Subject: Rancho Grande at Gonzaga Bay TRIPLES leases!!
dizzyspots
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[*] posted on 1-18-2019 at 10:28 AM
Rancho Grande at Gonzaga Bay TRIPLES leases!!


With no notice of forewarning, Rancho Grande has TRIPLED the leases of the dozen or so "residential" palapa properties along the beach. From an annual fee of $2000 to $6000!!...no warning...when you went to make the lease payment..."sorry...its been tripled to $6000!!
Informal consensus is that ALL of the folks are going to bail out when their current leases are up.
We are headed down tomorrow to help our palapa host get the big stuff moved out....
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motoged
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[*] posted on 1-18-2019 at 10:34 AM


What will be next for the houses along the strip? One is up for sale on BN....:?:



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dizzyspots
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[*] posted on 1-18-2019 at 10:38 AM


BN?
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tobias
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[*] posted on 1-18-2019 at 10:43 AM


What is to keep this from happening to any lot that you have leased in mexico to build a house?
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[*] posted on 1-18-2019 at 10:45 AM


Quote: Originally posted by dizzyspots  
BN?


BajaNomad?

John
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David K
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[*] posted on 1-18-2019 at 11:03 AM


Maybe the long proposed Rancho Grande resort hotel will be coming soon?



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TMW
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[*] posted on 1-18-2019 at 11:05 AM


They probably want you to move out so they can build something.
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thebajarunner
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[*] posted on 1-18-2019 at 11:14 AM


In my world a lease has a definite time and payment schedule clearly written in the contract.
Are these type of leases "in blank" or year to year?
Leases are supposed to protect both parties.

Can we hum a few bars of the old song "Did you read the fine print?"
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[*] posted on 1-18-2019 at 11:25 AM


im sure the Fernandez's will follow suit :(
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advrider
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[*] posted on 1-18-2019 at 11:29 AM


I bet the same will happen just down the beach to the North, the way the hotel and food prices are going up... That whole area will be rental houses or condos before long..

[Edited on 1-18-2019 by advrider]
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[*] posted on 1-18-2019 at 11:36 AM


Happening here too BTW
As leases expire on lower Colorado River Indian tribal land in AZ, the same tactics are used to get old leaser out.




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dizzyspots
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[*] posted on 1-18-2019 at 11:52 AM


No lease per se...all handshake and year to year...but zero notice for folks that have been there for years...sucks!
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[*] posted on 1-18-2019 at 12:07 PM


Quote: Originally posted by dizzyspots  
No lease per se...all handshake and year to year...but zero notice for folks that have been there for years...sucks!


sure sounds like Don Rafa has something up his sleeve doesn't it?:no:
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[*] posted on 1-18-2019 at 12:07 PM


AS we always say in real estate law....

A verbal deal ain't worth the paper it is written on.....
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[*] posted on 1-18-2019 at 12:10 PM


Re a hotel and resort at Rancho Grande: dream on sweet prince.

The first time a West wind blows everyone off the beach the place will close.

People will put up with that for $2000/year but they won't if they paid a daily hotel/motel rental because their entire stay will be ruined. We have seen people camped at Rancho Grande's beach for Easter get blown off for years.
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KurtG
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[*] posted on 1-18-2019 at 02:26 PM


Quote: Originally posted by motoged  
What will be next for the houses along the strip? One is up for sale on BN....:?:

I think the ones you are referring to are part of Alfonsina's not Rancho Grande.
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[*] posted on 1-18-2019 at 03:39 PM


Quote: Originally posted by thebajarunner  
AS we always say in real estate law....

A verbal deal ain't worth the paper it is written on.....


Sad, but true.

John
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[*] posted on 1-18-2019 at 03:43 PM


A handshake or verbal Land Lease is not a contract. Unless the Lessee has an RV or trailer, or a temporary structure that can be moved, there is no benefit to this kind of agreement for a gringo. Even with a MX contract, a gringo will lose fighting eviction with a MX.

I've heard the ''benefits'' of this kind of arrangement. Like, lease agreement for 10 years or more. Right.

In MX, leased land is good until the Lessor decides to raise the rent, or evict, then it's a new game.

So, walking away from an investment and improvements might be OK with some. I've heard that argument too. Don't invest in more than you can walk away from. Why invest at all if the odds are against you?

Lessee has recourse and protection NOB. Don't see it in MX. Anyone who has seen how MX court system works will want to stay clear of it.

Between new rents and evictions, Lessor is about to make lots o money.

Just my opinion and results may vary.





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[*] posted on 1-18-2019 at 07:27 PM


If you follow the pavement, you gotta follow the money.
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[*] posted on 1-21-2019 at 04:51 PM


Hombre66 is right. Once they decided to pave the road south of Puertecitos it has attracted more big money. This has been the plan for many years. I have heard at Mexico real estate events on the mainland for years about how beautiful this part of the coast is and how once they build the infrastructure that there will be great opportunities for investors.

Whether they get blown out or the road washes away or whatever who knows.




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