Category Archives: Finances & Budgets
Status of the “Jalisco Condo Manual – Second Edition”
The “Jalisco Condo Manual – Second Edition” was originally scheduled to be published in July, 2015. Unfortunately, there has been a significant delay in this new edition because we need to include details from two ongoing and important issues: 1. We are currently walking a condo through the entire process of SAT registration, bank account… Read more…
Is a Condo Responsible For Property Tax Bills?
An issue has come up recently that’s produced a flurry of questions from my readers. This topic seems to have created more interest than any other. So… a blog post seems in order. Disclaimer I have no first-hand knowledge of this situation. Everything I know about what the municipalities are allegedly doing is second and… Read more…
Dealing With Employees & Independent Contractors
A condo often needs to hire people such as an Administrator, accountant, people to look after the common property (like gardeners or a pool maintenance contractor), and even security guards. There are two different ways a condo can hire someone to do work, and it’s important to clearly understand the differences: employee; or independent contractor… Read more…
Your Condo’s Fiscal Year
In my book, the “Jalisco Condo Manual,” I say that a condo’s fiscal year should run from April 1 to March 31. I get a lot of questions like, “Where does it say this in the condo law?” It’s Implicit Rather Than Explicit Those of you who’ve asked this are right! There’s nothing in the… Read more…
Don’t Lose a Lawsuit on a Technicality
This post is a bit long, but it’s an important topic. A recent sea change in the attitude of the courts has meant that it’s now more important than ever to follow correct procedures for approving budgets, fees, and improvements, and in documenting the debt. This post contains my opinion on this change, and how… Read more…
