I am thinking of renting our my house and I am wondering if it is possible to have the renter put their name on the electoral bill. Does anyone know if that is possible or am I leaving an opening to the title to the renter.
surfrider
- Status
renting out your property
Doesn't the person who owns the property still is responsible for the bill. That is if the renter fails to pay and moves on, isn't the owner still responsible for the bill?
I suspect you will need to have an RFC number in order to rent, register the property/rental with the taxing body ... and to pay taxes on the rental income. I don't know about what happens in other communities, but when I rented apartments in the D.F. (as a tenant) I learned that the owner or succeeding resident of the property was required to satisfy any outstanding debt owed CFE. Who you rent to is a very important consideration and will, obviously, determine the amount of the security deposit you request.
We rent out our Guerrero house in Playa Ventura but kept our name on the CFE. If the person left it unpaid in their name we'd still have to pay it....and changing anything is so hard (by "hard" read time consuming, ever changing rules depending on the day, who you talk to...etc etc etc ha ha). But renting it out is easy. At first it was like a short vacation rental but now we've had someone there more than 6 months who wants it at least a year. They are Mexican. We pay a guy down there to watch or caretake the place, so he collects the rent for us. It is all pretty casual. For me, the most important thing is to have a caretaker you trust. Our deposit was one month rent.
and missed this mistake, more a matter of incorrect choice of words than incorrect spelling.Yes, it is possible to change it, but, why would anyone want to do that?
When renting in Mexico:
-You have to be very careful who you are renting to, I advice you to run a economical and reference check.
-Ask for a "fiador" guarantor, and check for the same, the guarantor has to give you an IFE card copy as well as copies of his/her property titles, and sign the rent contract
-Take an inventory of the house as well as a photo inventory and attach the written one to the contract.
-Sign a very VERY well drafted contract.
When renting in Mexico:
-You have to be very careful who you are renting to, I advice you to run a economical and reference check.
-Ask for a "fiador" guarantor, and check for the same, the guarantor has to give you an IFE card copy as well as copies of his/her property titles, and sign the rent contract
-Take an inventory of the house as well as a photo inventory and attach the written one to the contract.
-Sign a very VERY well drafted contract.
If you are a landlord you are earning money. Earning money in Mexico means you pay taxes on profits. INM also wants to know if you are working.
If the electric bill is not paid power will be shut off no matter who's name is on the bill. Anyone with an old bill can pay to get it turned back on
If the electric bill is not paid power will be shut off no matter who's name is on the bill. Anyone with an old bill can pay to get it turned back on
As an expat, you can do as Isla says, you can agree on not having a fiador, you can pay ahead,
It is really the landlord who takes the risk
Many people, expats or not, try renting without a fiador because they are foreigners or they come from out of town, most cases it ends up with a horror story.
It is really the landlord who takes the risk
Many people, expats or not, try renting without a fiador because they are foreigners or they come from out of town, most cases it ends up with a horror story.
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