" No Resort Relationship"

The fideicomiso is a legal constrict similar to a trust to which which a person gives ownership of certain assets for it to administer. The fideicomiso, sometimes referred to as a bankers trust, is  most commonly used to hold real estate in Mexico. Such a fideicomiso is a real estate trust that is held under your name in a Mexican bank (Scotia Bank, HSBC [the world’s largest bank] Banamex/Citigroup, Santander [the largest bank in Spain], etc). The bank acts as the fiduciary, you and your heirs and assigns are the beneficiaries of the fideicomiso.

As the beneficiary of the fideicomiso you absolutely and irrevocably maintain control of the property, use, maintenance, control over all property decisions. 

The fideicomiso gives the beneficiary absolute control of the property. So you can enjoy it, lease it, improve it, mortgage, sell, inherit, give away. Basically, your property is under a fiduciary of which you are the owner to be managed by a bank in Mexico on your behalf.

he fideicomiso is a legal constrict similar to a trust to which which a person gives ownership of certain assets for it to administer. The fideicomiso, sometimes referred to as a bankers trust, is  most commonly used to hold real estate in Mexico. Such a fideicomiso is a real estate trust that is held under your name in a Mexican bank (Scotia Bank, HSBC [the world’s largest bank] Banamex/Citigroup, Santander [the largest bank in Spain], etc). The bank acts as the fiduciary, you and your heirs and assigns are the beneficiaries of the fideicomiso.

As the beneficiary of the fideicomiso you absolutely and irrevocably maintain control of the property, use, maintenance, control over all property decisions. The fideicomiso is not a lease, it is equivalent to a fiduciary or living trust in the US.

The fideicomiso gives the beneficiary absolute control of the property. So you can enjoy it, lease it, improve it, mortgage, sell, inherit, give away. Basically, your property is under a fiduciary of which you are the owner to be managed by a bank in Mexico on your behalf.

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