FAQs

About Bella Sirena: Puerto Peñasco Luxury Ownership Real Estate

A law passed in 1993 that permits foreigners to acquire Mexican coastal property through a bank trust (known in Mexico as a Fideicomiso), which is the legal substitute of Fee Simple Deeded ownership. As a beneficiary of the trust you have the right to use, sell, and transfer or will your ownership. Thousands of Americans have invested millions of dollars in coastal Mexican properties. Title insurance is available from two of the most reputable title companies in the U.S., First American Title and Stewart Title.

Are there ownership fees?

Yes. As is typical in condominium ownership, owners pay annual assessments to cover maintenance, professional management, utilities, property taxes, and reserves for replacement of furnishings, etc. This ensures that your residence will always be fully furnished and well maintained to the standards you would expect.

Who establishes the assessments and controls the affairs of the owners?

An owner elected board of trustees will establish the budget and assessments on an annual basis.