Frequently Asked Questions
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Find here the most frequently asked questions and answers regarding everything about the fractional model and your next property in the Mexican Caribbean.
Ownership is certified through a public deed, granted before a Notary Public, which recognizes the trust rights acquired over the trust's assets.
A trust is a legal instrument used to manage assets for the benefit of one or more beneficiaries. In this case, the trustor (RD Developers / Fractional Residence Club) transfers assets to a trustee, who manages them for the benefit of designated beneficiaries. This process is formalized through a public deed and registered in the Public Property Registry, ensuring its legality.
Beneficiaries are the holders of trust rights, recognized through a trust rights assignment contract signed with the trustee. In the fractional model, beneficiaries are the clients who purchase a share of the development. The trustor is the individual or entity that establishes the trust and transfers the assets to the trustee for the fulfillment of its purposes.
Yes, all foreigners can join the trust, as it will have the permission of the Ministry of Foreign Affairs for their admission.
By acquiring a share, you become a beneficiary of the trust that manages the real estate project. This ownership is lifelong and serves the purposes of the trust.
The trustee (Bank) acts as the spokesperson and administrator of the project trust.
The annual fee includes:
Condominium fee of the development.
Hotel operating expenses, including daily cleaning, basic services, and maintenance.
Annual trust management fee.
Annual reserve fund for maintenance and furniture renewal.
Annual property tax payment.
Administrative and maintenance expenses of the reservation system.
Owners can choose to join the hotel operation program to cover these expenses, except for the annual trustee and reservation platform fees.
Yes, you can acquire as many shares as you want.
No, in a timeshare you buy usage rights, whereas in the fractional model you acquire a percentage of ownership. You are the legal owner and can use, inherit, sell, or donate your share.
To avoid contingencies and ensure the safe use of the property, the asset is legally owned by the bank, while the trust rights belong to the buyers.
No, the units will be properly deeded and registered in the Public Property Registry. Beneficiaries can request a copy of the deed and the trust from the bank.
Expenses are divided proportionally among the trust shares and paid annually during the first 10 days of the year, unless the weeks are allocated to hotel operations.
You will own a luxury vacation property, paying only a percentage of its value, with maintenance and operation managed by specialists. You pay only for what you actually use.
You can sell your share at any time through a trust rights assignment document. The bank will verify the buyer to protect the other beneficiaries.
No, the spaces are assigned equitably as the shares are sold, ensuring fair use for all buyers.
For completed projects, you can view a virtual tour of the building. For developments in progress, updates will be available on the developer's website.
The developer will select a company to operate the development as a Condo Hotel, supervising annually the fulfillment of the trust's purposes.
RD Developers will act as the representative at condominium meetings, always seeking the benefit of the fractional owners.
The operator will publish occupancy rates on reservation channels such as Booking.com, Expedia, etc., based on supply and demand.
Owners who wish to rent their weeks can do so directly with friends, family, or acquaintances, but they are not allowed to publish these rentals on any physical or electronic medium, as the Condominium Regime of the development prohibits short-term rentals by owners. Rentals must be managed through a Hotel Operator. Each owner of a share decides whether or not to charge for their nights, as it is a personal decision. If choosing to rent through the Hotel Operator, units must be delivered with a minimum of 120 days' notice, requesting the operator to rent them. The hotel operator will charge a commission for managing the client, depending on the rates established at that time.
The owner is responsible for any damages and must leave a credit card hold to cover repair costs.
Owners can reserve their weeks through the travel concierge with a minimum of 60 days' notice.
Usage rights begin on the first day of the current year and end on December 31 of the same year, with the option to reserve days or weeks as the buyer desires.