Riviera Maya — A growing number of investors who are dedicating their life savings or taking out bank loans to acquire property in the Riviera Maya are being left unprotected against real estate developers who impose contracts with abusive clauses and without the possibility of legal review.
Lawyers specializing in real estate pointed out that numerous developers prevent buyers from taking the contract away to review it with a lawyer, a practice they consider an unequivocal sign of risk. This restriction leaves investors signing unbalanced documents, where all the guarantees are on the side of the developer and the buyers are left without support in case of delays, non-compliance, or even total loss of the property.
Experts warn that many of these contracts contain excessive clauses, disproportionate penalties, and conditions that allow companies to cancel operations without any compensation.
In the face of a constant increase in complaints, lawyers and civil associations recommend that potential buyers not sign any document without professional advice, demand a copy of the contracts, request proof of permits and licenses, and distrust any developer that limits legal review.
In a real estate market that continues to grow rapidly in Tulum, Playa del Carmen, and Puerto Aventuras, specialists emphasize that the only way to protect one's patrimony is to get informed, review, and negotiate before signing, as cases of patrimonial losses continue to increase.
Discover more from Riviera Maya News & Events
Subscribe to get the latest posts sent to your email.