Real Estate 2025

MEXICO CONTENTS

5. Investment Vehicles p.681 5.1 Types of Entities Available to Investors to Hold Real Estate Assets p.681 5.2 Main Features and Tax Implications of the Constitution of Each Type of Entity p.681 5.3 REITs p.682 5.4 Minimum Capital Requirement p.682 5.5 Applicable Governance Requirements p.683 5.6 Annual Entity Maintenance and Accounting Compliance p.683 6. Commercial Leases p.683 6.1 Types of Arrangements Allowing the Use of Real Estate for a Limited Period of Time p.683 6.2 Types of Commercial Leases p.684 6.3 Regulation of Rents or Lease Terms p.684 6.4 Typical Terms of a Lease p.684 6.5 Rent Variation p.684 6.6 Determination of New Rent p.685 6.7 Payment of VAT p.685 6.8 Costs Payable by a Tenant at the Start of a Lease p.685 6.9 Payment of Maintenance and Repair p.685 6.10 Payment of Utilities and Telecommunications p.685 6.11 Payment of Property Taxes p.685 6.12 Insurance Issues p.685 6.13 Restrictions on the Use of Real Estate p.685 6.14 Tenant’s Ability to Alter and Improve Real Estate p.686 6.15 Specific Regulations p.686 6.16 Effect of the Tenant’s Insolvency p.686 6.17 Right to Occupy After Termination or Expiry of a Lease p.686 6.18 Right to Assign a Leasehold Interest p.686 6.19 Right to Terminate a Lease p.687 6.20 Registration Requirements p.687 6.21 Forced Eviction p.687 6.22 Termination by a Third Party p.687 6.23 Remedies/Damages for Breach p.687 7. Construction p.688 7.1 Common Structures Used to Price Construction Projects p.688 7.2 Assigning Responsibility for the Design and Construction of a Project p.688 7.3 Management of Construction Risk p.688 7.4 Management of Schedule-Related Risk p.689 7.5 Additional Forms of Security to Guarantee a Contractor’s Performance p.690 7.6 Liens or Encumbrances in the Event of Non-Payment p.690 7.7 Requirements Before Use or Inhabitation p.690

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