Mexico’s laws regarding homeowner’s associations and condominium living differ from that of the United States and Canada. Whenever a new construction project is completed and owners take title to their property, as long as buyers have taken title to at least 51% of the square meters of construction of the development, the administration and homeowner’s can have their first assembly meeting and take control of the project according to the rules and regulations governing condominiums in the state of Jalisco, Mexico.
For the new development Rivera Molino in the heart of Puerto Vallarta’s “Romantic Zone” their day has come. On November 14th, 2013 at 9:00 AM they will have their first assembly where they will begin the process of organizing and creating their homeowner’s association and will take control of the management of the building.
Rivera Molino Condominiums offer an incredible location only one half block to the beach and offers one, two, and three bedroom units. Located just behind Residencias Molino de Agua, Rivera Molino has a large common area pool, lush gardens, a spacious common area entertainment terrace, twenty four hour gated security and deeded garage parking, all next to the beautiful Rio Cuale which is home to some of mother nature’s most beautiful birds and creatures.
To find more information about ownership at Rivera Molino please contact one of the Timothy Real Estate Group professionals.