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shari
Select Nomad
Posts: 13048
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline
Mood: there is no reality except the one contained within us "Herman Hesse"
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what is the difference between lease and rent??? I like the idea of new creative ventures.
of course honesty and full disclosure is essential....jeezo!
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
Member Is Offline
Mood: Everchangin'
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rent is usually by the week or month.
lease is usually year(s) to year(s).
edit: http://wiki.answers.com/Q/What_is_the_difference_between_ren...
[Edited on 3-27-2010 by woody in ob]
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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A lease is a legal instrument.
Rent is a handshake.
That has been my experience in Mexico.
[Edited on 3-27-2010 by DENNIS]
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by shari
of course honesty and full disclosure is essential....jeezo! |
Although, not universal. Ejido transactions come to mind.
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
Member Is Offline
Mood: Suicide Hot line ... please hold
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| Quote: | Originally posted by DENNIS
This "lease" stuff is so nebulous. Binding contracts can't be made in bars, a notario has to be involved.
Still, Americans will enter into these agreements with the same mindset they use in the states, not knowing they are meaningless from a legal
standpoint.
If I were contemplating the rental of my property, I would develop a new approach to a business agreement with my tenant so they would know the laws
involved and the protections they will have....or not have. Honesty and full disclosure are a landlord's obligation......to his tenant and himself.
Another thing a tenant should know.....he can't enter into a contract if he isn't legal with immigration.
Shari....forget the lease stuff and refer to it as "rent." It will be so much easier in the future. |
That is some excellent advise Dennis..... thanks.. your point on the rent "concept" conveys the situation regarding land use in these cases a lot
better, than lease (it implies a certain degree of security and permanency to the transaction, which may not be valid in many of the cases).....
nothing is forever... and one could pay the rent once a year if one wished... as usual you guys are really good on so many things .... thanks..
again!! it all helps 
[Edited on 3-28-2010 by wessongroup]
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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| Quote: | Originally posted by DENNIS
I have three lots.
$1300 each
$300 maintenance fee.
$4200.00 dlls per year. |
my 200 sq meter lot in same "development is $1500/ yr with no additional maintenence cost (have to talk nice to Becky, Dennis) and includes an
additional 100 ft (non-buildable)between lot and ocean for jardin
Bob Durrell
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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| Quote: | Originally posted by durrelllrobert
| Quote: | Originally posted by DENNIS
I have three lots.
$1300 each
$300 maintenance fee.
$4200.00 dlls per year. |
my 200 sq meter lot in same "development is $1500/ yr with no additional maintenence cost (have to talk nice to Becky, Dennis) and includes an
additional 100 ft (non-buildable) between lot and ocean for jardin
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and ... rent or lease we pay zero propert tax. in the US the property tax on my last house was over $6000/yr
Bob Durrell
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bajabass
Super Nomad
Posts: 2016
Registered: 10-4-2006
Location: La Paz,BCS
Member Is Offline
Mood: Want to fish!!!
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My lot in La Mision started at 1300/yr. 10% increase per year, non-compounded, caps at 2600/yr, after 10 years, "forever" 10 year renewable leases, at
the capped $ amount. The house I rent from a friend in the same ejido for cheap$, has had 2 renewals at the capped price. He has had it forever, less
than 1000.yr. A few problems have come up in the last year or two, and I may never build on my cliff lot just a couple clicks below La Fonda. It is a
"million dollar view" for sure.I may keep the place but I am heading much farther south, and with a Mexican wife, we will buy our house. I don't want
to get into any details, but it is not the same place it was 10 years ago.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by durrelllrobert
(have to talk nice to Becky, Dennis)
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The additional 300 is punishment....because I DID talk to Becky.
Oh well.........
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