How is the Condominium Association administrated?
In order to administrate the Condominium, and in accordance with Mexican law, an “Asociacion Civil” (AC) must be formed. The “AC” is similar to a Homeowners Association in the United States or Canada. The “AC” typically hires a professional management company to run the day to day operations of the Condominium. In accordance with the Bylaws, an annual Owners Meeting is held to review the administration of the Condominium and to set operating and budget parameters for the coming year.
