Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
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Semalu
Intercasa
Clueless
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Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
I read an (older) article on Mx civil law and it said that a contract must be in Spanish and recorded. It also said it should be in English also, just to be safe. Is this correct and current?
Thanks.
Thanks.
Clueless- Share Holder
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Re: Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
Not all contracts are required to be recorded. Only mandatory for the ones where the law specifies registration such as property deeds with a notary or long term rental contracts with the public property registry office. Also language doesnt matter as when a document is recorded or used in litigation an official translation by a court translator will be required.
Intercasa- Share Holder
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Re: Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
"....Also language doesn't matter as when a document is recorded or used in litigation an official translation by a court translator will be required......."
In other words, it is better to have it done in Spanish the first time. Official legal translations are expensive and ARE required for any contract requiring registration with the official registrar, or in the event of litigation. Far cheaper to get someone like Spencer to do it up in Spanish from the get go. He can explain what everything means and save you a big headache down the road if you need to go back to it for official purposes. You can always do an unofficial translation for your own reading pleasure.
In other words, it is better to have it done in Spanish the first time. Official legal translations are expensive and ARE required for any contract requiring registration with the official registrar, or in the event of litigation. Far cheaper to get someone like Spencer to do it up in Spanish from the get go. He can explain what everything means and save you a big headache down the road if you need to go back to it for official purposes. You can always do an unofficial translation for your own reading pleasure.
Semalu- Share Holder
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Re: Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
Translations are NOT expensive.
David- Share Holder
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Re: Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
David wrote:Translations are NOT expensive.
Would one of the participants in this discussion please define "expensive" or "not expensive"???
How much$$$$ for a, for instance, long term rental contract or a deed? Ball park?
gringal- Share Holder
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Re: Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
Typical costs for translation are $200-250 Pesos per page.
David- Share Holder
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Re: Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
David wrote:Typical costs for translation are $200-250 Pesos per page.
Thank you, sir.
gringal- Share Holder
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must real property be registered
Intercasa wrote:Not all contracts are required to be recorded. Only mandatory for the ones where the law specifies registration such as property deeds with a notary or long term rental contracts with the public property registry office. Also language doesnt matter as when a document is recorded or used in litigation an official translation by a court translator will be required.
this is a little off topic, but connected to this post.
Must all real property be registered, even if it is undeveloped?
If no, then if it is sold then does it have to be registered showing the new owner and deed even if the new owner does not develop the property?
Thanks ....
S.
Sherman- Share Holder
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Re: Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
If you do not register it, you can lose it. Why would you not want to register it?
RVGRINGO- Share Holder
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Re: Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
It's not mine ..... I have a neighbor from hell and a long, ugly story that I don't need to share. But it involved that 'lot.' What do you mean by 'lost it' if you don't register it? How could one lose the lot? It is completely enclosed with walls.
Sherman- Share Holder
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Re: Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
If you buy property, you must use a notario, who will prepare and register the deed. When done, you own the lot. If not done, it could be sold again and again, but the “buyers“ could not prove ownership without a registered escritura (deed).
RVGRINGO- Share Holder
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Re: Is it true tb enforcable in Mx, a contract must/should be in Spanish and recorded.
thanks .... that's a big help.
Sherman- Share Holder
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