Terms and Conditions of Use
Welcome to ILC Group. These Terms and Conditions of Use ("Terms") govern your use of our website and the legal and consulting services provided by ILC Group. By accessing and using our website, as well as by requesting and utilizing our services, you agree to be bound by these Terms. If you do not agree with any of the provisions stated herein, please refrain from using our website or our services.
- Use of the Website
(a) By accessing and using our website, you agree to comply with all applicable laws and regulations. You are solely responsible for ensuring that your use of the website is in compliance with these Terms and any applicable laws.
(b) You agree not to use our website for any unlawful or unauthorized purposes. Furthermore, you agree not to engage in any activity that could disrupt or interfere with the proper functioning of our website or the services provided.
(c) We reserve the right to restrict or terminate your access to our website at any time, without prior notice, for any reason, including but not limited to a violation of these Terms.
- Intellectual Property Rights
(a) All content and materials available on our website, including but not limited to text, graphics, logos, images, videos, audios, software, and other intellectual property, are owned by ILC Group or its licensors and are protected by intellectual property laws and regulations.
(b) You are granted a limited, non-exclusive, non-transferable license to access and use the content and materials on our website for personal and non-commercial purposes only. You may not modify, reproduce, distribute, display, perform, publish, transmit, create derivative works from, or sell any of the content or materials without our prior written consent.
- Confidentiality and Privacy
(a) We take your privacy and the confidentiality of your information seriously. Any personal information you provide to us is subject to our Privacy Policy, which is incorporated into these Terms by reference. Please review our Privacy Policy to understand how we collect, use, and protect your personal information.
(b) While we take reasonable measures to protect the security of your information, we cannot guarantee that unauthorized third parties will not be able to circumvent our security measures. You acknowledge and agree that you provide your information at your own risk.
- Limitation of Liability
(a) To the maximum extent permitted by law, ILC Group and its directors, employees, and representatives shall not be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in connection with your use of our website or the services provided, including but not limited to any errors or omissions in the content or materials, loss of data, or any other loss or damage.
(b) We do not assume any responsibility or liability for the accuracy, completeness, or timeliness of the information presented on our website or provided through our services. The information provided is for general informational purposes only and should not be considered legal advice.
- Links to Third-Party Websites
(a) Our website may contain links to third-party websites for your convenience. These links are provided solely for informational purposes and do not imply endorsement, approval, or affiliation with those websites. We have no control over the content, policies, or practices of third-party websites and assume no responsibility for them.
(b) Your interactions with third-party websites are solely between you and the respective third parties. We recommend that you review the terms and policies of any third-party website before engaging with them.
- Changes to the Terms and Conditions
(a) We reserve the right to modify or amend these Terms at any time. Any changes will be effective immediately upon posting.
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Frequently asked questions
Foreigners may obtain direct ownership of property within Mexican territory. However, according to the article 27 of the Mexican Constitution, foreigners cannot hold title to property within 50 Km from the Coast Line and 100 Km from the border. This area is known as the "Restricted Zone".
So, to purchase real estate in the "Restricted Zone", foreigners must acquire the property through a BANK TRUST formalized with a Mexican Bank Institution.
The Bank Trust is the same than in other countries where the Bank hold the property in TRUST and you will be designate as the main beneficiary and can designate substitute beneficiaries in the event of death, that way avoiding probate procedures upon death. This Bank Trust is for a period of 50 years, renewable for the same period of time.
Yes, the LLC will be designate as the main beneficiary. For that we will need all the legal paperwork of the LLC duly notarized, apostilled and translated by a certified translator.
Escrow is a fund administration agreement for a real estate transaction in charge of an impartial third party, who shall disburse such funds according to the instructions previously agreed by the parties involved ( Seller(s) Buyer(s)) and delivered in writing to the Escrow Agent.
Yes, In the trust, both co-owners will be designated as main beneficiaries. And you can designate as well substitute beneficiaries in the event of death.
No. With the assistance of the Mexican Banking Comission, the trustee bank would be replaces by another.
In Mexico the Notary Public plays a different role from the one in other countries where they are only limited to witness the execution of a document, in Mexico the notary is government official, grants public faith and formalizes 100% of legal acts when it comes to real estate transaction, as well, part of the duty if the notary is to calculate, collect and pay on behalf of both buyers and sellers the taxes that are due at closing.