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Steve&Debby
Nomad
Posts: 335
Registered: 12-18-2007
Location: Colusa,California/ Percebu
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Lot in Baja
We are looking into purchasing a lot in a gated community in the Rosarita area. The land is leased. Does anyone have any information on how you
would transfer ownership of a leased lot or insight on any pitfalls?
Also we will be putting a motorhome on the property and leaving it there year round. Our plan is to non op the RV (stinkin California is taxing us
out of the State). Is there a problem in Mexico if our RV has an expired registration. We will obviously purchase insurance in Mexico and do not
want to run into problems. Can we buy any type of property insurance in Mexico once the building is completed?
We are also going to have a palapa type Bathroom/Kitchen/Livingroom built. Any leads on a good (reasonable) person who could handle this type of
improvement?
Any advise would be appreciated!
[Edited on 12-8-2010 by Steve& ebby]
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DENNIS
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Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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You will have to deal with the landlord to negotiate a new rental/lease agreement. Research the landlord to make sure he's honorable. Anything
negative is a red flag.
No problem with the RV registration as long as it isn't on the road while expired.
Be careful when you insure your new structure. The policy must be explicite about the type of construction...wood, block, steel etc. If, for
instance, it's a wood framed house, they'll sell you insurance all day but won't pay off if the policy doesn't say it's wood framed.
Someone else here will explain that better than I.
Good luck on your project.
.
[Edited on 12-8-2010 by DENNIS]
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Udo
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Location: Black Hills, SD/Ensenada/San Felipe
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Mood: TEQUILA!
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California was the reason I registered my RV in South Dakota.
Udo
Youth is wasted on the young!
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mcfez
Elite Nomad
Posts: 8678
Registered: 12-2-2009
Location: aka BN yankeeirishman
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| Quote: | Originally posted by DENNIS
You will have to deal with the landlord to negotiate a new rental/lease agreement. Research the landlord to make sure he's honorable. Anything
negative is a red flag.
No problem with the RV registration as long as it isn't on the road while expired.
Be careful when you insure your new structure. The policy must be explicite about the type of construction...wood, block, steel etc. If, for
instance, it's a wood framed house, they'll sell you insurance all day but won't pay off if the policy doesn't say it's wood framed.
Someone else here will explain that better than I.
Good luck on your project.
.
[Edited on 12-8-2010 by DENNIS] |
Best advice ever you could get: talk to everyone in that campos about the landlord. Reach out and ask questions! Leasing land is a good deal IF you
have a good Landlord. It's also a nightmare with a bad Landlord.
Make sure this landlord IS the owner of the land or the legally responsible caretaker!!!!!! Check it out at the public office...don't rely on anyone's
"word" about this from the campos.
Can the adjoining lots be built to block your views?
How much % is the resale of the lot (goes to landlord)
Is the water and power paid for (some camps co op the ults and put the cost on the lots)
Can you pick your own house builder or do you have to use someone from the landlord?
Can you rent the unit out?
The list of questions are endless.....do not trust till you get solid info!
Is the landlord current with his/hers taxes?
Leases in Mexico cannot exceed ten years. In any case.
We own land and lease land. It aint California style business!
I am sure there is going be a hell of a lot of BN responders giving you LOTS more cautions!
Old people are like the old cars, made of some tough stuff. May show a little rust, but good as gold on the inside.
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DENNIS
Platinum Nomad
Posts: 29510
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Location: Punta Banda
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| Quote: | Originally posted by mcfez
I am sure there is going be a hell of a lot of BN responders giving you LOTS more cautions! |
Something occured to me late in the night......it was indicated that they are going to "purchase" a lot on leased land and seemingly had no additional
info which led me to believe they were dealing with the current tenant alone.
It must be understood that the current tenant is not in a position to transfer control of his rented property any more than he would be able to
transfer a handshake agreement.
That point alone, that the tenant hasn't disclosed this, would put me on edge. Full disclosure is being denied from the outset.
I would seriously rethink this transaction until all the variables are on the table. Keep asking here for input. Eventually you will have the full
picture.
Don't trust anybody. You could be setting yourself up for disaster.
.
[Edited on 12-8-2010 by DENNIS]
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by mcfez
I am sure there is going be a hell of a lot of BN responders giving you LOTS more cautions! |
Something occured to me late in the night......it was indicated that they are going to "purchase" a lot on leased land and seemingly had no additional
info which led me to believe they were dealing with the current tenant alone.
It must be understood that the current tenant is not in a position to transfer control of his rented property any more than he would be able to
transfer a handshake agreement.
That point alone, that the tenant hasn't disclosed this, would put me on edge. Full disclosure is being denied from the outset.
I would seriously rethink this transaction until all the variables are on the table. Keep asking here for input. Eventually you will have the full
picture.
Don't trust anybody. You could be setting yourself up for disaster.
.
[Edited on 12-8-2010 by DENNIS] |
Excellent point. I was scratching my head as I read this thread. Something didn't explicitly add up.
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Marc
Ultra Nomad
Posts: 2802
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Location: San Francisco & Palm Springs
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Are title searches reliable in Mexico? Would it be appropriate in this case?
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by Marc
Are title searches reliable in Mexico? Would it be appropriate in this case? |
Not really. If you can't find out all you need to know by talking to the neighborhood, that's just one more reason to back off.
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desertcpl
Super Nomad
Posts: 2405
Registered: 10-26-2008
Location: yuma,az
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by mcfez
I am sure there is going be a hell of a lot of BN responders giving you LOTS more cautions! |
Something occured to me late in the night......it was indicated that they are going to "purchase" a lot on leased land and seemingly had no additional
info which led me to believe they were dealing with the current tenant alone.
It must be understood that the current tenant is not in a position to transfer control of his rented property any more than he would be able to
transfer a handshake agreement.
That point alone, that the tenant hasn't disclosed this, would put me on edge. Full disclosure is being denied from the outset.
I would seriously rethink this transaction until all the variables are on the table. Keep asking here for input. Eventually you will have the full
picture.
Don't trust anybody. You could be setting yourself up for disaster.
.
[Edited on 12-8-2010 by DENNIS] |
Dennis
you know you can trust me
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Dave
Elite Nomad
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Registered: 11-5-2002
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Don't understand
| Quote: | Originally posted by Steve&ebby
We are looking into purchasing a lot in a gated community in the Rosarita area. The land is leased. Does anyone have any information on how you
would transfer ownership of a leased lot or insight on any pitfalls?
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Are you saying the lot currently under lease to someone or are you considering purchasing the lessee's rights?
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
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Mood: Suicide Hot line ... please hold
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Some really excellent advice on how to get into leased land down in Baja... thanks it all helps....
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by Dave
the lessee's rights? |
 That's a good one.
Thanks, Dave.
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Steve&Debby
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Posts: 335
Registered: 12-18-2007
Location: Colusa,California/ Percebu
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OK,I just spoke to the guy that is leaseing the lot from Ejido.He said we would meet with the landowners and sign a new 10 year lease on the lot he
has.He is heading south,Costa Rica,so he wants to sell us his improvements;septic system,water lines,level lot and rocked ready to pull an RV in and
hookup. Ejido lease $133.00 per month.
Thanks for the advise,keep it comeing
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mcfez
Elite Nomad
Posts: 8678
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Location: aka BN yankeeirishman
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My beach front lease is $750.00 per year!!!!!!!!
Edido land is known to have title issues.
Sell price is what? Septic $1200.00 Water line $12-1400.00 Improvements cost 4-5ooo.
Humm....I bet this guy is going to Costa Rico! Something stinks my friend. I returned your U2 check it.
Old people are like the old cars, made of some tough stuff. May show a little rust, but good as gold on the inside.
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Dave
Elite Nomad
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| Quote: | Originally posted by Steve&ebby
OK,I just spoke to the guy that is leaseing the lot from Ejido.He said we would meet with the landowners and sign a new 10 year lease on the lot he
has.He is heading south,Costa Rica,so he wants to sell us his improvements;septic system,water lines,level lot and rocked ready to pull an RV in and
hookup. Ejido lease $133.00 per month.
Thanks for the advise,keep it comeing |
My main concern would be whether the Ejido will sign a new lease. Just because the old owner has a new "ten" doesn't mean it's transferable to you.
You will need to negotiate a new lease. 'Taint legal till you do.
Also, you do realize that all the improvements the old owner is selling don't belong to him, right? And, won't belong to you. After your term
expires there is no guarantee your lease will be renewed.
I'm guessing this is the community is located south of la Mision on the bluff?
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tripledigitken
Ultra Nomad
Posts: 4848
Registered: 9-27-2006
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Why not rent? By this observer violence in Baja Norte is getting worse. Read all the available news and other blogs/websites.
If you make that investment and decide the situation in RB is not what you expected you will be the loser. There's no rush to buy by most accounts.
Just another view.
Ken
[Edited on 12-9-2010 by tripledigitken]
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DENNIS
Platinum Nomad
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Location: Punta Banda
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| Quote: | Originally posted by Dave
I'm guessing this is the community is located south of la Mision on the bluff? |
Maybe it's Gull-Land. 
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DENNIS
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Location: Punta Banda
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OK...Here's how you might want to finish this off. Keep the Motorhome tuned up and in good running condition....save the tires and wheels [keep them
out of the sun]...whatever you build, use nuts and bolts. That way nothing is fastened to the Ejido land and you can take it with you when the Ejido
quadruples your rent.
And, you do know Ejido's only exist to sell property and take it back after the money changes hands, don't you? I know you're not buying, but don't
be misled in the future.
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Dave
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| Quote: | Originally posted by DENNIS
And, you do know Ejido's only exist to sell property and take it back after the money changes hands, don't you? I know you're not buying, but don't
be misled in the future. |
To be fair, I know a few folks who have a lots there. Haven't reported any problems with the Ejido. There have been issues with obtaining
electric, water and phone service, but most are aware that they are basically renters and could be evicted at any time. For Gringos,
Ejido rental contracts aren't worth the paper they're printed on... so the maxim remains:
Never invest more than you're comfortable at walking away.
At $133 per month I'd think it's an acceptable risk.
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DENNIS
Platinum Nomad
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| Quote: | Originally posted by Dave
To be fair, I know a few folks who have a lots there. Haven't reported any problems with the Ejido. |
My reference was to land purchases. It was just thrown in as a general caveat for an offer that may come up in their future.
Who knows? It pays to be aware.
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