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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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How much is your land lease????
There has been a lot of posts regarding selling/leasing properties in baja and I was very curious about the range of lease costs. Many may not want to
divulge this information so perhaps a poll would give some insight into this issue.
I suppose it differs from area to area and depends on if there are services so feel free to answer in more depth.
How much is your lease for a year in baja.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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I have three lots.
$1300 each
$300 maintenance fee.
$4200.00 dlls per year.
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capt. mike
Elite Nomad
Posts: 8085
Registered: 11-26-2002
Location: Bat Cave
Member Is Offline
Mood: Sling time!
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nothing....
i know people that pay as much as $7200 a year here in HOA fees for where their AZ digs are.
formerly Ordained in Rev. Ewing\'s Church by Mail - busted on tax fraud.......
Now joined L. Ron Hoover\'s church of Appliantology
\"Remember there is a big difference between kneeling down and bending over....\"
www.facebook.com/michael.l.goering |
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David K
Honored Nomad
Posts: 64854
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
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You forgot to have None or $0 so those of us with no leases can see the poll results... (you have to vote once to see the results). So, perhaps
discount the 'less than $1000' column results, since 0 is less than 1,000? It would be interesting to see what the ranges are for Nomads who don't or
don't yet lease in Baja.
Thanks Shari!
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BajaWarrior
Super Nomad
Posts: 2307
Registered: 9-27-2006
Location: Mission Bay, San Diego. Playa Hermosa, San Felipe.
Member Is Offline
Mood: Anxious to get south
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Our Campo is made up of mostly two lot parcels. House in front (beach), garage on rear lot (typical). We have both lots. $1200 + $800 per year.
Haven't had a bad trip yet....
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
Member Is Offline
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| Quote: | Originally posted by capt. mike
i know people that pay as much as $7200 a year here in HOA fees for where their AZ digs are. |
Looked at a home at PGA West. Excellent construction at what I thought to be a good value.
What's the HOA fees?
$950.
That's pretty reasonable, sez me.
Uh, that's $950 per month.
Gulp 
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bajaumpaw
Junior Nomad
Posts: 55
Registered: 3-11-2008
Location: Mulege/Texas
Member Is Offline
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You need a box for over $3000. Mine is $4285.
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BajaRob
Senior Nomad
Posts: 722
Registered: 9-15-2003
Location: Bahia Santa Maria y Newport Or
Member Is Offline
Mood: Life is good
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$1400 for two lots here at Bahia Santa Maria.
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monoloco
Elite Nomad
Posts: 6667
Registered: 7-13-2009
Location: Pescadero BCS
Member Is Offline
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I have a piece that I leased years ago for $100 a year, I have spent $3000 on the lease and another $6000 on lawyers to defend the lease. The guy I
leased it from has not honored any part of the lease. I wouldn't recommend leasing in Mexico to anyone.
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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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thanks for that....it would be nice to know how big the lots are too...I am looking at leasing some of our nicer lots here and trying to figure out a
fair price. I imagine it depends on if they have power, water, septic hooked up...ocean view etc. I appreciate any suggestions and input from wise
nomads.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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My lots are 200 sq. mts. each, but that's only part of it. The view has to be considered.
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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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thanks D that's what I imagined...our lots are all over 500 sq. meters with ocean views. As land costs have gone up here since they declared it a
tourism corridor, more folks are asking about leasing to avoid fidis and expensive closing costs...with the road being paved all the way in by august,
some RV'ers want a long term spot...so I'm trying to figure out the best way to accomodate them....any suggestions about lease agreements would also
be welcomed...it would be nice to have input from people who are leasing...what they like and dislike about their agreements.
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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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ocean views are over rated!
can we get one before they're all gone!!!!
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jorgie
Nomad
Posts: 430
Registered: 8-25-2006
Location: on another road,again
Member Is Offline
Mood: on the road....again,again
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septic and utilities are gonna be the ingoing/supplied determination in BA . What terms in years are you thinkng about ? Who owns what when the leasee
leaves ? Can the leasee sell the lease indepemdent of you and sell the imorvements ? Would there be a percentage due to you on the sale of the lease
rights ? What conditions would apply if you wanted to move a leasee ? Would the leasee be held for town taxes ? Water ? Garbage ? etc , etc
.................
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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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I'm saving you one you can cast from Woodman! but i will be expecting a mordida of microbrewery cerveza!!
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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Shari....just don't get yourself involved in something you'll regret down the road. Have a good vision of your future with your land.
In other words, an easy buck today may be a pain in the butt tomorrow.
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DianaT
Select Nomad
Posts: 10020
Registered: 12-17-2004
Member Is Offline
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After watching what my sister has gone through with her leased land, do be careful. Her development is north of San Quintin, all ocean front or view,
all utilities, etc., and the people built beautiful homes.
They all had 1 day less that 10 year leases with promises of more. Prices were from $5000. to $10000. for the 10 years. They all liked paying up
front so there were no yearly increased. They all trusted the family. It all fell apart when the owner died in a car crash. When he had needed
money, he had promised a large part of all the land to some other people, etc.,
Long story short----the homeowners almost lost everything when the owner died, even though they had leases. They were able to save it by paying a
lot of money, forming a Mexican corporation, buy all the land and pay off the other people.
Another twist, some of the land was ejido land and the owner did not have the final title from Mexico city and that caused more problems.
So, if you decide to lease, you might want to find a good attorney and be sure all the ducks are in a row for the protection of everyone.
[Edited on 3-27-2010 by DianaT]
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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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We are not thinking devlelopment here...more like where someone can park their RV long term...maybe they might want to do a few small improvements
like a roof over their rig and septic...individual lots with short term leases from 1 to 5 years depending on the lot and people.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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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.
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DianaT
Select Nomad
Posts: 10020
Registered: 12-17-2004
Member Is Offline
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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.
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Excellent advice. Casual agreements can work, but can also lead to disaster for everyone involved.
CYA---
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