Due Diligence – Real Estate Research

It’s essential to research the property where your real estate project will be built. We conduct legal research at the location where the development will take place. This involves requesting and analyzing key documentation. We also verify the property’s legal status with the Public Property Registry and authenticate the veracity of the documentation provided by the seller. With our experience, we help you identify potential risks that could affect your project.

Preparation of Purchase and Sale Promise Contracts

At WSR Compliance, we understand the importance of having contracts and forms that facilitate the sale of your project’s units. That’s why we offer our services for drafting promise-of-sale contracts in accordance with NOM 247. Our goal is to draft clear contracts and documents that facilitate the sales process and protect your interests in any future situation by including specific clauses that protect you in the event of noncompliance by third parties.

Development and Construction Trust

This trust is aimed at individuals interested in real estate construction and development, as it will handle all the necessary arrangements for the successful completion of the project. One of its benefits is that it can be formed by different individuals or legal entities, who can contribute the property, construction, marketing, and other assets. This trust is a legal, secure, efficient, and transparent mechanism. At WSR Compliance, we handle all the formalities between the notary and the bank. We also create customized strategies to establish the legal structure for your project and optimize your resources.

Real Estate Closings

At WSR Compliance, we handle the deed registration process for your project’s units. This process begins with collecting client data, creating their files, and safeguarding the necessary documentation for tax and administrative compliance. Finally, we coordinate all the necessary procedures for signing the deed before a notary, whether it’s a purchase agreement or a trust in the case of foreigners.

Construction Contracts

We take care of protecting your project by drafting contracts with related third parties, whether architects, builders, contractors, or suppliers. Our team verifies and investigates the individuals with whom you intend to do business. We draft clauses that address any situations related to non-compliance, deadlines, and warranties. Our main objective is to reduce risks that could affect your assets or project.

Regularization of Real Estate

We know that the state of Quintana Roo is an excellent location for a real estate project, but we also understand the challenges this entails. Many properties require regularization before construction begins. Sometimes, the land even belongs to a communal land. At WSR Compliance, we help you design regularization strategies that will ensure the viability of your project.

Business Creation

Creating a solid company to develop your real estate project is the first step toward success. At WSR Compliance, we will guide you through the entire process. Some of the most common types of company include: Public Limited Company; Limited Liability Company; and Investment Promotion Company. Our attorneys will carefully assess your needs to determine the most appropriate option for your project.

Intermediation and communication with Notaries

We partner with trusted Notaries in the Riviera Maya. We represent you and facilitate processes before Notaries Public, from document review to signature before notaries and public brokers. We are with you every step of the way to ensure your interests are protected and your transactions are secure and valid.

Tax Consulting in Real Estate Projects

We analyze every aspect of your real estate project in detail, identifying all tax implications and finding the best strategies for you. The most common taxes include: Income Tax (ISR), Value Added Tax (VAT); Real Estate Acquisition Tax (ISABI); and Cedular Tax. At WSR Compliance, we ensure that all taxes are correctly calculated.

Compliance in Money Laundering Prevention

It’s essential to avoid any risk that could affect your project; therefore, it’s essential to comply with anti-money laundering legislation. Among the most important obligations are the creation of client files on transactions, as well as the monthly filing of notifications to the authorities. At WSR Compliance, we have the experience necessary to help you comply with these obligations and avoid fines.

Compliance with Personal Data Protection

At WSR Compliance, we prepare the privacy notices you must inform and make available to your customers at your establishment, website, email, or by phone. This allows your customers to rest assured that their data will be protected and safeguarded by you.

Extrajudicial Negotiations in Cases of Non-Compliance

When a dispute arises with a client or supplier, we recommend seeking a solution through out-of-court negotiations before resorting to the intervention of a judge or court. Based on our experience, we have observed that a large number of disputes can be satisfactorily resolved using this approach. Our goal is to resolve the dispute efficiently and in the shortest possible time, in order to avoid unnecessary costs.

Attention to Complaints or Requests from PROFECO

In the event of verification visits by PROFECO or complaints from customers, our team is committed to providing efficient and timely service. We strive to resolve any situation quickly and satisfactorily for our customers. We also strive to avoid any type of fine or penalty.

From the beginning to the end of your project, we handle all the paperwork related to construction, demolition, and/or alteration permits, as well as obtaining the completion permit. We even offer construction regularization services to ensure regulatory compliance at all times.

• Feasibility of drinking water services
• Construction Permit, Demolition Permit, and Expansion and/or Modification Permit
• Construction completion license
• Regularization of work
• Certificate of measurements and boundaries
• Zoning and land use certificates

• At WSR Compliance , we understand the challenges of a real estate project. We ensure that the property where the development will be built complies with all regulations. We also manage the necessary permits for the merger or subdivision of properties, as well as authorizations for apartment buildings or subdivisions. We also handle obtaining authorizations for the layout of streets and avenues, and the installation of drinking water, sewage, and street lighting systems.

  • Consent to merger and subdivision of properties
  • Authorization of condominium property regime
  • Authorization of subdivisions
  • Urban development license
  • Certificate of State Urban Planning Consistency
  • Certificate of alignment and official number
  
  

In real estate transactions, it is necessary to prove that the property to be transferred has no outstanding debts of any kind. At WSR, we are responsible for obtaining the documents that prove this. These documents will be presented and delivered to the notary for inclusion as attachments to the public deed evidencing the transfer of ownership. Below, we provide information on some of the most common documents:

• Cadastral Certificate
• Proof of Non-Debt Property Tax
• Certificate of No Debt for Cooperation for Works
• Certificate of Non-Debt of Condominium Fees
• Certificate of No Debt from ZOFEMAT
• Proof of No Water Debt
• Certificate of Freedom from Encumbrance

In the real estate sector, environmental management plays a crucial role in ensuring that projects are carried out sustainably and in compliance with environmental regulations. At WSR Compliance, we are responsible for obtaining all the permits, authorizations, and studies required by the authorities for the construction of a real estate project.

• Vegetation removal, felling or pruning license
• Environmental Impact Studies (SEMARNAT and SEMA)
• Plant characterization
• Technical Study Justifying Change of Use of Forest Land
• Territorial Impact Study
• Geohydrological Study
• Regularization of constructions (PROFEPA and PPA)