If the property is sold during the term of the tenancy agreement, the tenant continues to pay the rent to the new owner for the duration of the contract. However, the new owner can terminate the contract with 30 days` notice. As an expatriate in Mexico, asking for a diplomatic clause in your long-term lease can be a good idea. If your situation changes, if you break the lease because of your job in Mexico or immigration issues, you can have an agreement in the contract. The provisions relating to leases in Mexico City are contained in the Civil Code of the Mexican Federal District (PDF in Spanish). Tenants in other parts of Mexico should consult the Civil Code for the state in which they rent. The civil code does not provide for a maximum contribution, but only that the lease indicates, if necessary, the guarantees agreed by the parties. In the case of a rental agreement, the owner usually requires a one-month deposit. For residential real estate, it is not common to apply for rental bonds, although each monthly rent is usually paid in advance. The contract must contain the names of all parties involved, including the Fiadors or Fianza.
Only the actual owner (or a person who has a lawyer on behalf of the owner) can rent a property. The co-owners of a property can only rent their share of the property – if a co-owner is rented, all the co-owners must agree. Before signing a rental agreement, the tenant or broker must verify those of the lessor or person with the power of attorney (Poder) ID, the property declaration and the wealth tax return (prefix). The following article provides an overview of residential real estate rental in urban areas (there are specific and broader guarantees for rural areas). Since each Mexican state has its own civil laws, the following information only relates to the legislation in force in Mexico City. On the other hand, on 23 March 2020, the General Council of Public Health published an agreement in the Official Journal of the Federation derived from an extraordinary meeting of the Council on 19 March 2020. In particular, through such an agreement, the Council decided to recognize the outbreak of the disease caused by COVID-19 in Mexico as a serious disease of major importance; At the same time, it was agreed to sanction, by consensus with the agencies and agencies involved in its implementation, the necessary measures to prevent and combat the COVID 19 epidemic. Since Mexico is a Federal Republic of Germany, each of the 31 states has its own lease rules.
These provisions are part of each state`s civil code. It is not necessary to have the contract certified by notarial, as it is a legal document when the tenant and the lessor have signed the contract.