LAKESIDE LIVING

 


INTRODUCTION

    If you are thinking about living at Lakeside or you have recently arrived and are still settling in, there are some basic facts you should know, particularly about health, the law, your personal safety, and finances. Once you have these taken care of, you can concentrate on what brought you here: enjoying yourself.

      The following paragraphs cover the basics. The observations of a chartered financial planner from California are given at the end of this section. The Legal section of this web site provides more information on Mexican law, courtesy of Ajijic Legal Services.

   Since so many retirees from Canada and the US live here, there is an infrastructure catering to their needs. You can buy almost anything here that you want, many shops and restaurants have English-speaking employees, and there is a wide variety of clubs and organizations for expatriates. However, there are a number of factors that you should be aware of in order to make your stay as trouble free and enjoyable as possible. Detailed information is available at the Information Desk at LCS, from 10 am to 2 pm Monday through Saturday. A Mexican lawyer answers legal questions on the Patio at LCS from 10:30 am to 11:30 am on Mondays, Tuesdays and Thursdays. 

Back to Top


BE LEGAL

      The following are summaries of more detailed info found in Legal Matters.

  • There are four immigration status options, FMT, FM-3, FM-2 and Inmigrado.

  • FMT is a temporary tourist visa, good for from three to six months. Renewing it requires a trip to the border. It is recommended only for initial trips to Mexico to determine if you might want to settle here.

  • FM-3 is good for five years, renewable yearly. It allows you to bring in one motor vehicle and one shipment of household goods. The FM-3 has a minimum income requirement of $1000 dollars per month for an individual and $500 dollars per month for a dependent. These income requirements are cut in half for those who own their home in Mexico. There is no limitation on how much time can be spent outside Mexico, as with the FM-2. FM-3 holders may drive foreign-plated cars. If the FM-3 is obtained outside Mexico it MUST be activated upon arrival.

  • FM-2  is good for five years, renewable yearly. It allows importation of one motor vehicle and a household goods shipment. It is intended for those who are considering permanent residence in Mexico. Minimum monthly income is 1300 US dollars or equivalent, and 650 dollars per dependent. These are cut in half for those owning their own home in Mexico.  Holders of an FM-2 cannot leave Mexico for more than three months a year. Holders of an FM-2 may legally drive foreign-plated cars. After holding FM-2 status for five years, you may apply for Inmigrado status.

  • Inmigrado gives all the privileges of a Mexican citizen except voting or holding political office. For example, an Inmigrado may hold a job without getting permission from the Mexican government as is required for FM-2 and FM-3. Inmigrado status may be applied for after having FM-2 status for five years. Inmigrados may not legally drive foreign-plated cars. No fees are required after initial granting of Inmigrado since there is no renewal.

  • You may import one car duty-free and drive it in Mexico as long as your FM-2 or FM-3 is valid. A Mexican or someone in Inmigrado status may not drive a foreign-plated car.

  • Mexican wills are good in the US or Canada, and American/Canadian wills are good in Mexico, but only after being probated in the country of origin. This can result in a considerable delay in disposing of property. If you have significant property in Mexico, including household goods, you should have a Mexican will made. Disposition of your house depends on how it is held, by direct ownership or by a trust (fideicomiso). Generally, houses held by direct deed go first to the surviving spouse or if no surviving spouse it is evenly divided among the children. A trust allows more flexible disposition but involves a substantial yearly payment to the holder of the trust. Check with your realtor and/or lawyer for the details.

  • Buying a house usually means paying for it in full at closing. There are almost no mortgages in Mexico; however, there is the possibility of financing under very limited circumstances.

  • Employees often come with the house, if you are buying one that has been lived in. The new owner incurs legal obligations if he/she keeps the existing maid or gardener. The result may be a substantial payment, according to Mexican law, if later on you want to let the employee go.

  • Post Life Planning is a program available at LCS to assist you to legally specify how you want your remains disposed of e.g., by cremation or burial. Having this specified in writing can make things much easier for your survivors.

 

Back to Top


 

 SETTLING IN

  • Tips

  • Get maps of the area. These are available at the bookstore in Bugambilias Plaza (where Torito´s grocery store is located). You can also get maps at the LCS Information Desk. 

  • Get phone cards. The pay phones in Mexico do not take coins. Phone cards are available at the shops on the Ajijic Plaza.

  • Carry copies of your FM-3 or FM-2 and your drivers license in your car if foreign-plated.

  • Join the Lake Chapala Society and take advantage of the services and activities and local discounts.

  • Use cleaning solutions which contain bug repellent for mopping floors. One brand is Repelente.  Another is Ajax Expel.

  • Keep copies of Emergency Numbers by all your phones

  • Some approximations of metric to British measurements:

  • A meter is slightly more than a yard

  • A kilometer is six-tenths of a mile

  • A kilogram is slightly over two pounds. If you want about a pound of something ask for “Un medio kilo,” which is 1.1 pounds.

  • To convert Celsius to Fahrenheit approximately, multiply by two and add thirty. E.g., 20 Celsius is about 70 Fahrenheit (precisely, it is 68 F)

  • A hectare is two and a half acres

  • A square meter is about 11 square feet

    Back to Top


Paying Bills

 

  • The major bills are property tax, water, electric and telephone. You may also need to pay for your Internet service and for cable or satellite TV service.

  • Property tax is paid at the Chapala City Hall, at Madero #202. This bill is much lower than property taxes in the US or Canada, typically running from 300 to 1500 pesos (equivalent to 30 to 150 US dollars). There is a discount for paying early, in January or February. It must be paid yearly. 

  • The water bill is paid yearly.   The bill is due in January, with a discount for paying early. The yearly bill is calculated based on size of property, number of bathrooms, whether there is a pool or not, and other factors. It is not based on metered usage. Typical bills run from 1000 to 3000 pesos per year. If you are renting be sure you know whether water cost is included in the rent.

  • Electric bills may be paid on-line if you have an account with Banamex, Bancomer, Banorte, Santander, Serfin or Inbursa: go to http://www.cfe.gob.mx. Click on English in the upper right-hand corner, then follow the directions.
    Lloyd Investment Funds can be set up to pay your electric for you automatically, from money in your Lloyd account(s). If there are not sufficient funds to cover the bill, Lloyd will not pay and may not notify you, resulting in an unexpected cut off of electricity.
    In Ajijic, an automated kiosk downstairs in Bugambilias Plaza accepts your bill and payment. An additional location in Ajijic is at Pinturas Prisa (Prisa Paints), Carretera Pte #17, Interior 1. An attendant accepts bills for payment during mid-day hours.
    In Chapala, bills may be paid at Privada Zaragoza #3 (hard right at the Pemex station). The hours are M-F 8-2; other business until 3:30.
    In Jocotepec, electric bill payment location is at the corner of Hidalgo Sur and Vicente Guerrero at the traffic light.
    Some cities and associations have other payment locations, so be certain to check for your payment center.  The electric bill is issued every other month, and runs about 500 to 1500 pesos. Sometimes the bill is delivered to your residence, but even if it is not, you must pay on time or your electricity will be turned off. If your bill is due and you haven’t received it, go to the office with an old bill and they will look up what you owe on the computer. Electricity is metered, but the meter reader occasionally makes mistakes, so if your bill seems too high, check your meter yourself. There is a place on the back of the bill to fill in the correct reading.