Abogado– lawyer
Apoderado– agent through a power of attorney
Avalúo– property appraisal report
Beneficiario– trust beneficiary
Bienes Raíces– Real Estate
Cesión: an assignment of rights or obligations
Corredor – broker
Derechos– rights
Ejecución– foreclosure
Escritura– public deed
Estudio Topográfico– land or plot survey
Fideicomiso– trust agreement
Fideicomisario– another way to say trust beneficiary
Fideicomitente– the trust grantor, usually the seller of the property
Fiduciario- trustee, by law, a Mexican commercial bank
Garantía – guarantee
Gravamen– lien
Honorarios– fees paid for a service
Impuesto– tax
Inscripción– act of recording in a registry of public record
IVA– value added tax
Medidas y colindancias– measurements used to describe the size of a plot of land and its location, metes, and bounds
Notario Público– specially qualified and selected lawyers that are the only people in Mexico that are able to record matters of public record
Perito– a licensed or specially certified expert in a given field, a “perito traductor” is a certified translator
Póliza- policy, usually refers to an insurance policy or “póliza de seguros”
Predial – property tax
Prima– premium paid for insurance coverage
Registro Público– public registry for land records
Seguro contra daños– hazard insurance
Subasta–auction
Zona Restringida– Restricted zone – a strip of land 60 miles from the border front and 30 miles along Mexico´s coastline, also referred to as “zona prohibida”, the forbidden zone.
|