Property Search and Agents
How to go about finding a house or apartment to rent in Mexico, and the role of the estate agent...
The rental market in Mexico is essentially unregulated and involves a private legal contract between renter and owner. Although the contract is governed by the Civil Code of the state in which the transaction is taking place, there is no significant government involvement in the transaction. Tenants may deal directly with owners and are not required to hire a real estate broker or agent. However, agents are familiar with the local rental market and procedures in their state, and should be able to guide and protect prospective tenants through the process.
Available properties can be found in a number of ways. Working with an agent has the advantage of the agent using their networks and resources to find properties in line with the prospective tenant’s requirements. An agent may also be aware of properties that have not yet been put on the market. Employers often provide the services of a professional property agent to their relocated employees.
- Visit the Business Directory for agents and house hunters in Mexico City
Comprehensive property listings can be found on the following websites:
Local Spanish language newspapers generally include rental listings in their classified sections.
Properties for rent may have a Se Renta sign in the window and viewings can be organized directly with the owner (trato directo) or through an agent.
It is important to have a clear idea of the desired neighborhood, and of the price range in that area. In large cities, and specifically Mexico City, traffic and commute times, and proximity to public transportation and amenities should be taken into account.
- Visit the Neighborhoods of Mexico City page for more information
Working with an Agent
The relationship between the potential tenant and agent is not governed by a contract and allows the person to work with as many estate agents as they like. Some landlords may choose to have an exclusive listing with a particular agent, who acts as the mediator between the landlord and tenant rather than a party to the agreement or a property manager. Agents’ fees are paid by the landlord.
The main professional body in Mexico, the Asociación Mexicana de Profesionales Inmobiliarios (AMPI), is an association rather than a regulatory or certifying body, and there is currently no system of licensing or accrediting agents. Care should be taken when selecting an agent, and references from past clients sought. A number of property agents specialize in working with expatriate communities, and can provide references in English.
The process of renting a property is regulated at a state level in Mexico. While some procedures may be identical in all states, others may differ. This section aims to give an overview of what is involved in renting a property in Mexico, prepared by a real estate expert in the Mexico City property market. It should be noted that for particular practices and requirements in areas other than Mexico City, advice should be sought from a professional familiar with the property market in that state.