Lil Town

Lil Town

Sold :

Phase 1

-

Ready to move in

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Property details
Prices and Availability
From: 0
informations
Playa del Carmen, Quintana Roo, Mexico
0 units available / 40 total units
Property type: condo
Studio unit available

Delivery date :

Ready to move in

Property Description

Located in one of the best areas of Playa del Carmen just a few steps from 5th Avenue and the beach. EnLil’ Town by MENESSE you can have an exclusive beach life where you can walk through the commercial areas full of life that offer your
favorite brands and excellent local and international cuisine. Offering 43 studios and 1 Penthouse. This MENESSE CONDOS project redefines your experience in the Mexican Caribbean.

Phases & Delivery

Phase 1 : Sold out

Amenities

Features

Payment Plans Available
Furnished & Equipped
Internet
Underground parking

Amenities

Bar
BBQ Area
Concierge
Gym
Pool
Reception Desk/Lobby
Sauna
Spa
Sundeck
Terrace
HOA Fees :
See Unit

Payment Plans

Option 1
At Signing30 %
During Construction60 %
At Delivery10 %

Development

Points of Interest

Airport
Cozumel International Airport (CZM)
19.6 km
Train Station
Mayan Train - Playa del Carmen
7.4 km
Bus Station
ADO Tourist Terminal Playa del Carmen
1.8 km
Hospital
Amerimed Playa del Carmen
1.3 km
Public Beach
Playa Coco Beach
1.1 km
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Frequently Asked Questions

Can a foreigner own real estate in Mexico?

Absolutely! The key distinction in the buying process is the use of a trust or fideicomiso. It is required to acquire property or land in the Restricted Zone. The restrcited zone is 100 km from the border with another country and 50km from the coastline.

What is the restricted zone?

100 km from national borders and 50 km from the coastline.

What is a Fideicomiso?

It is a trust system ownership sanctioned by the Mexican government and secured by the Central Bank of Mexico.

In very simple terms, the foreign buyer is the beneficiary of that trust.

It is 50-year perpetually renewable and transferable bank trust.

The beneficiary of the trust has ALL the rights commonly enjoyed by a Mexican owner (use, sell, lease, etc) 

It means irrevocable and absolute ownership rights to the property; the bank CANNOT sell the property without written consent of the beneficiary. The Mexican Bank Trust only holds the property title for the beneficiary but doesn't have any rights over the property.

It is important to mention that a lot of Mexican nationals go for a trust based ownership as it clearly states the beneficiaries in case of death.

Why is the use of a trust required?

In the 1917 Mexican Constitution, foreign ownership was forbidden in the Restricted zone because of Mexico's long history of land ownership dominated by foreigners (article 27). In 1973, a series of foreign investment laws were implemented as the Mexican government saw that foreign investment could have a positive impact on the economy. As a result of the relaxation of the laws on foreign investment, the trust system was created in 1993. Overall, it was much easier to create a trust system for foreign ownership than completely changing the Mexican Constitution.