Archive for the ‘Real Estate’ category

Playa Del Carmen Real Estate – What Makes It “Mexican”

July 22nd, 2011

Playa del Carmen real estate, compared to many other Mexico real estate areas, is very new, very modern and very international. That sounds great for those who want the warm weather and beaches, but for anyone who wants the “real Mexico,” they should look elsewhere, right?

Well, not quite. Contrary to popular belief, Mexico is a country of diversity and variety, and has been that way since its earliest days. Over the centuries this diversity has changed and shifted, but the fact remains that the country has been and continues to be diverse in its “original cultures” and in welcoming outside cultures. Playa del Carmen is a reflection of much more of this diversity than many other parts of the country, and for this reason could arguably be called more “Mexican” than many other places; it offers visitors and residents a taste of many different areas and cultures from throughout the country. Both real estate options and lifestyle in Playa del Carmen reflect this fact.

Real estate in Playa del Carmen is Mexican for the following reasons: It reflects the local traditions – A good deal of real estate in Playa del Carmen includes items such as “palapa” shades(thatched roofs) over windows, over lounge areas and even over roofs. New, eco-friendly real estate incorporates techniques used to construct colonial “haciendas” (estates) to maximize airflow and minimize heating from the sun.

It uses Mexico’s construction techniques – This may sound almost insignificant, but once buyers see Mexican construction, they see why homes here hold such good value for such low prices. No drywall or 2×4 wall structures to be found here. Poured concrete and lots of iron rebar support defines their construction techniques. In addition, Mexico real estate in Playa del Carmen also offers a distinctly Mexican lifestyle for the following reasons: Ancient traditions – Because of tourism, Playa del Carmen has managed to maintain ancient traditions which other areas have lost entirely in the face of modernization. For example, authentic Mayan priests will carry out their traditional wedding ceremonies. Some Mexicans lament that it has actually been Americans who have made the effort to keep some of these original traditions alive that would have died out otherwise. » Read more: Playa Del Carmen Real Estate – What Makes It “Mexican”

Understanding Basic Commercial Real Estate Lease Clauses

July 22nd, 2011

Do you know what commercial real estate lease clauses to include a commercial real estate lease agreement? Learning basic commercial real estate lease clauses will help you structure a commercial real estate lease agreement correctly. You should include introductory clauses in your lease agreement that do the following:

• Describe the premises
• Specify the lease term
• Indicate the rental or lease payment amount

Many times, you will be dealing with a five-year lease. Therefore, you need to explain in the lease, how rental increments will happen every year over the period of the lease. You could also include additional tenant conduct, indicating what tenants can or cannot do. This is where you would specify whether they could assign the lease, sublease it, or limit it to sub-leasing (subject to landlord’s approval).

Signage
Signage becomes a problem in some places such as Florida, because of hurricanes. One of the most serious threats to life and limb in a hurricane is not the wind per Se, but the debris that the wind blows around. If you have a sign that is not well anchored and a hurricane comes along and tears off chunks of glass or plastic, these can become deadly projectiles. Hence, you get into a lot of code issues about how signage has to be constructed, type of materials, and other similar issues. So, in your lease, you must ensure that it includes a clause that specifies that no signs can be erected on the property without:

1. Landlord approval
2. Proper permitting through the local county officers or local city officers, so that signs meet code and conform to local rules and regulations

Additional Tenant Expenses
Include language in the lease that itemizes the expenses for which the tenant will be responsible, such as taxes, utilities, and insurance. A prudent policy is to require that all your tenants carry a million dollar liability policy on anything that happens on the premises. Otherwise, if something happens as a function of their business and they are not sufficiently covered, the problem rebounds to you, because it’s your building. Be sure that your tenants furnish proof of insurance before you allow them to occupy the premises. » Read more: Understanding Basic Commercial Real Estate Lease Clauses

International Investor Exposes Real Estate in Santos Brazil

July 22nd, 2011

Santos is a small municipality in the province of Sao Paulo that offers great property investments. Many foreign investors choose this area of Brazil for its great prices on Santos property and for the areas beautiful weather. Santos is a unique town located partly on the island of Sao Vicente and partly on the mainland. It is home to Latin America’s largest seaport. Santos has two vastly different areas; that of the island and that of the mainland. The island area is urbanized and densely populated, while the mainland has more farmland.

Santos is home to beautiful weather year round, great beaches and plenty of activities. Property in Santos, Brazil is a bit more expensive than some other areas of Latin America, but is still a great value for foreign investors. Because there are many well to do families in Santos, there are quite a few high-end properties available. Condos and apartments are readily available both in the downtown area and along the coast, however, and many of them are quite affordable. Because the cost of living in Brazil is about 20% of that of the US, it is a popular place for Americans to retire. Add to that the great prices on property in Brazil, and you have a perfect combination for investment or retirement.

Buying property in Santos, or any other part of Brazil is fairly simple for foreigners, but there is a strict process you must follow. Foreigners will need to apply for a CPF card before you can buy property, and you will need a Brazilian address where the government can send your CPF card. So, while Brazil is very open to foreign investors, it may take a little time before you’re able to complete a real estate transaction in Brazil. But, this requirement gives you a little time to determine where you want to live in Brazil and get to know the cities. » Read more: International Investor Exposes Real Estate in Santos Brazil