Buyer’s glossary

Updated October 27, 2026 · By Chase Jordan

Escritura

The title deed, signed before a notary and recorded at the Public Registry.

Fideicomiso

Bank trust that lets foreigners hold property in the coastal restricted zone; the bank holds title, you keep the rights.

Zona restringida

The strip 50 km from the coast and 100 km from the borders where foreigners need a trust.

Cesión de derechos

Assignment of the trust rights from seller to buyer, instead of opening a new trust (when the bank and case allow).

Predial

Annual municipal property tax.

Avalúo

Official appraisal used to calculate closing taxes.

Promesa de compraventa

Promissory purchase contract setting price, deposit, date and conditions before the deed.

ISABI

Impuesto sobre adquisición de bienes inmuebles: the municipal acquisition tax the buyer pays at closing.

Notario público

State-appointed attorney who verifies title, calculates and collects taxes and records the deed.

Certificado de libertad de gravamen

Public Registry certificate showing whether a property has liens or mortgages.

Registro Público de la Propiedad

Public Registry where deeds and liens are recorded.

Cuota de mantenimiento

Monthly HOA fee for a condominium’s shared costs.

Régimen de condominio

The legal structure that divides a building into private units and common areas.

Fondo de reserva

The HOA’s savings for major repairs.

Poder notarial

Power of attorney granted before a notary, letting someone sign for you.

Apostilla

Certification that makes a foreign public document valid in Mexico.

ISR

Income tax; on a sale, the seller’s capital-gains tax withheld by the notary.

Preventa

Pre-construction sale, before the building is finished.

Enganche

Down payment or deposit.

Obra gris

Shell construction: structure built, finishes pending.

Zona federal marítimo terrestre

The 20-metre federal strip along the beach that no one can own.