Real Estate In Cuba

Cuba can be a country in an area only 90 kilometers south of the United States, has been a communist regime under totalitarian principle over fifty years in the past. Expropriated personal, business , as well as Kuba Jewgieniew property from its people,foreign residents, and foreign countries like United Estates underneath absurd and unjustified pretenses and don’t paid a cent of its value to any person. They only achieved failing, waste, and trouble of lives and also wealth. Natural sources have been depleted as well as damage to the ecology and environment have got rendered the value of land worthless for modern employ and development. A commercial building of beautiful Spanish , People from france and U Azines architecture have been able to deteriorate for lack of maintenance all over the country.

Contemporary farming and industrial enterprises at par with the rest of the world within efficiency and productivity became a item of a system showing similar failures in countries taken through Russia after the world war 2. Which set back their progress for years at the rear of most civilized countries. Russia’s failure in Cuba to restore a satellite performed a role in its pitfall as the leading communist state.

Cuba’s refusal to compensate pertaining to expropriations from the Unites States and all other countries that had investments in Cuba pushed the United States to impose an embargo on Cuba, because of this, all credits and trade agreements ended up suspended, all breaks, deposits, and monetary accounts of Cuba in U S finance institutions, were frozen. as well as trade stopped. between the two countries. Capital fled by every probable means until the Cuban ground-breaking government learned methods to stop the flow of funds in convertible car currency like US dollars which had free trade and circulation with par with the Cuba foreign currency (peso). But land as well as buildings could not leave the country nor is it sold to take their own monetary value out of the country because the revolutionary government took control of all banks, property records, and converted the (peso) forex to a new peso of decrease value making worthless and illegal that old (peso) currency.

Since then, certainly all property may well not belong to the revolutionary govt but they have total and absolute treatments for it. In the future will this change? the answer is sure.

Cuba had a preferential supplier quota of sugar towards the US that had been earned by Cuba’s l assist to the US during the war years when Cuba was ruled through democratic governments. That sugars preferential vendor quota for the US had been the actual agreement that manufactured Cuba one of the best economically the western world in the world and the second highest per capita earnings of the American country. Cuba’s preferential sugar cuota was removed and given in parts to four other countries in Key and South Latina America.

Things To Consider When Buying Real Estate for Investment

Most people want to buy a house in a particular place to live in. Others buy property to have as a vacation home while still others use the extra money they have to buy up property as a type of investment. However, because of the problems with real estate, many have become wary of doing so.

While buying real estate can come with many problems, with due diligence, it is still one of the best investments one can make with one’s resources. For one, the property is a physical asset that cannot disappear in an instant. The building and the land are permanent. Also, even when real estate values are down, the trend over the long-term is up. Long term appreciation has always been up.

Whether one buys to resell or to rent out, it is possible to recover one’s investment as long as the property involved is in the right location – more so if it is in a prime location. As most developers would say, it is all about the location. Choosing a cheap property that is located in a deserted/undeveloped place is not going to be a sound investment. Buying a more expensive property that is located in an area with potential for development or in high traffic area is a better deal.

Another consideration is the type of building. Buildings that need major renovation may not be a good deal. A house that needs a new coat of paint and minor repairs such as replacing a window or two or even doors may require more resources, but if the result is a better looking property, then it is worth the price. However, a property that requires major repairs such as roof replacement or heat/air systems replacement may become a headache in the long-term. The expenses may not be good for one’s ROI.

For people looking to buy property to rent out, make sure that the rent that comes in will cover costs like mortgage payments, taxes, insurance and similar expenses. Also, when buying rental properties, sometimes having a tenant can help lessen the costs involved as one can have a steady income all ready as soon as the deal is closed. Empty rentals on the other hand would require some makeover to look better/ garner higher prices before it can be rented out that add costs to the investment.

The Tulum Real Estate Market Prepares For The New Planned Commercial Zone Called Aldea Zama

The Mexico real estate market is expecting big changes over the next five years. One of the regions with the largest potential growth rate is a small Mexican Village known as Tulum, Quintana Roo. This Mexican Caribbean village of approximately 15,000 people has projected growth rates estimated to reach and possibly surpass the extraordinary growth record of its neighboring sister city of Playa del Carmen. This is causing the land for sale in Tulum to increase notably requiring good urban planning for better protection of the environment and to improve the living atmosphere of the community. A new project, Aldea Zama, is introducing their community very near to the present downtown zone of the village. A section of various city blocks has been launched by the Tulum developers that will encompass residential land, green park areas, and commercial community zones all with the plan to be within easy walking distances. The success and great acceptance of the European style 5th avenue of Playa del Carmen was closely studied by the Tulum planners in order to repeat and improve upon such communities. A close eye on the protection of the green areas and preservation to the Mayan atmosphere are present and evident throughout the master planned zones. This section of Tulum is currently in the process of having the infrastructure prepared for the large expected flow of demand that is arriving.

Aldea Zama Tulum, Located within the Riviera Maya region south of Cancun. The site is located between the present day community of Tulum and one of Mexicos prettiest Caribbean beaches. 185 acres have been reserved and is being developed as a friendly little village. In the center, strategically situated as a walk to everything community, the retail and entertainment section is being constructed. Those who enjoy Mexican Caribbean strolls in the evenings and night will soon find various affluent but casual lifestyle shops and sidewalk cafes, all within the community. People who are planning to retire to Tulum, or to vacation several months in this beach side region, will find this neighborhood very appealing and livable. We dont want the people feeling as if they are living in a resort, spring break city, we want them to feel as if they are in a home and within a home community commented Francisco de La Torre sales director of the project.

Land for sale in Tulum is available in various parts of the city. The Aldea Zama group wishes to introduce land for single family buyers and within condo buildings that have an organized building code. The idea of the development is to motivate the new neighbors to utilize traditional materials, contemporary styles, and embrace the Mayan ambiance. In the center of Aldea Zama, apartments will be located above the shop which is a growing popular request both for business owners and tourist visitors. This European style of zoning is bringing many foreign buyers and commercial operators to invest into the future project.

Located next to the Ecological national park and the archeological zone of Tulum, Aldea Zama wishes to preserve the treasured Mayan cultural history. There is a strong push to maintain green areas, both in wide winding avenues dotted with trees in the meridians and parks within jungles and located around cenotes. Buildings are encouraged to utilize the skills of local artisans with indigenous materials blended with new designs and modern technology. The overall goal is to blend the new community into the existing delicate and beautiful natural settings of Tulum.

Tulum is expecting a burst of population over the next several years. By studying the successes and failures of nearby cities and their communities, the Aldea Zama group is planning to introduce a new community within this village that will embrace three basic goals; Walk to Everything master planned community, European ambiance, and the preservation of the nature and of the historical Mayan traditions currently found in Tulum. The developers are betting that these are the community attributes expected from future citizens, both national and international, of this Mexican Caribbean city of the future.

Are Real Estate Agents Due Commission

The right of an Estate Agent to earn commission is enshrined in common law. In general, commission is due when the Estate Agent has perform a client’s mandate, regardless of the amount of time or effort it took to perform the mandate.

In South Africa, there is no limit to the amount of commission an Estate Agent can charge. In the upper end of the market, this often results in impressive earnings. These facts, combined with the public perception that an Estate Agent is often seen to do very little in comparison with the handsome rewards received, has encouraged many people to join the Estate Agency industry. At last count there were more than 72,000 Estate Agents registered in South Africa. Although, in practise, not all are actively working as Estate Agents. Many Estate Agents are active only when the property market is buoyant and go dormant when the market slows down. Nevertheless, they are qualified to act as Estate Agents and may resume activity whenever they feel, with the provision that they comply with the requirements of the Estate Agencies Affairs Act.

Giving rise to commission dispute

Before we go on, it should be noted that most property deals go through without dispute. However, this does not mean that of the deals that go through there was no reason for dispute. Simply not knowing is often a cause for valid claims not being made, mostly on the side of the client. For such cases there is nothing one can do in retrospect, since all wrongs committed by Estate Agents are automatically made right upon date of transfer. No need to repent or visit confession, all sins are just magically wiped away.

In most cases commission disputes arise simply as a result of misconception by the public as to their rights and duties when they give an Estate Agent a mandate. However, dispute also arises due to misconception of Estate Agents as to their rights and duties in performing a client’s mandate. Both types of misconception can be easily avoided if Estate Agents spend more time being “frank” about discussing commission before accepting a mandate. In practise, this does not always happen, whether because of forgetfulness, lack of diligence or because of pressure to get the mandate. Discussion surrounding commission is often relegated to a mandate form, placed in front of the client with the expectation of signing. This document merely serves to capture the basic details and rarely elaborates on definition of terms, rights or duties at length.

While it is sound business practise to record in writing the amount of commission and under what circumstances the mandate will be considered fulfilled, some mandates omit small points that are not in the Estate Agency favour or the document itself serves to cover “conditions of absence in agreement” covered by common law. For example, under common law, in the absence of an agreement to the contrary, an Estate Agent is not entitled to commission simply because, over a period of time, there has been a conscientious effort to carry out a clients mandate.

Compliance requirements

We have noted that certain common law principles govern an Estate Agent’s right to commission and that standard contracts are employed to cover such rights. We have also noted that such documents can fail to explain terms and can even be employed to protect the agent from common law principles that are not in the Estate Agents favor. Our remedy to reducing the potential for conflict is to encourage more open discussion and consultation of commission with clients by Estate Agents.

However, assuming such discussion were to take place, how is a person know whether or not an Estate Agent is due commission when they themselves do not have enough information to ask the right questions during such discussion.

In this section we cover some of the points clients should know, compliance points that are often neglected or forgotten by even the most seasoned and professional of Estate Agents.

The first thing to know is that the Estate Agency Affairs Act and the Code of Conduct both have a direct impact on an Estate Agents right to receive commission. One of the most important stipulations of the act is that an Estate Agent may only receive commissions on transactions concluded during a period for which the Estate Agent is in possession of a valid Fidelity Fund Certificate.

Second thing to know is that Estate Agents who have not complied with the prescribed training requirements are not allowed to receive commission on agreements where they have drafted or completed clauses in a sale or lease agreement.

In addition to these requirements section 8 of the [Code of Conduct] sets forth conditions under an Estate Agent shall not be entitled to commission.

The implications of these three points are often not made clear to clients. Rarely, if ever, is a client furbished with a copy, or presented, an Estate Agents Fidelity Fund Certificate or a copy of the Code of Conduct. Incidentally, the Fidelity Fund Certificate is printed with a business card sized tear-off capable of fitting into a wallet where it can be easily kept like a drivers license and presented when required. There should be no reason why a professional Estate Agent with a valid Fidelity Fund Certificate should not wish to present it.

The act goes one step further. In addition to an individual Estate Agent having to hold a valid Fidelity Fund Certificate, the Agency Company, all participating directors and any person promoting or canvasing immovable property are also required to hold a valid Fidelity Fund Certificates. In the event that an Agency does not have valid Fidelity Fund Certificate, or any of the Estate Agents or employees of the Agency, all people employed with such agency are not entitled to claim commission.

In an industry with more than 72,000 agents, the public can easily be convinced to mandate the services of non-valid Estate Agents. Such persons, while operating illegally are not bound to operate under the Estate Agency Affairs Act or the Code of Conduct. As a result the Estate Agency Affairs Board, the organisation responsible for protecting the consumer, can only bring a criminal case against such persons and has no power to sanction any conduct. Whereas, if the Estate Agent is operating with a valid Fidelity Fund Certificate, failure to comply with requirements constitutes conduct deserving of sanction that may see the Estate Agents license to operate revoked.
Performance of the mandate

Terms of mandate differ, but in general terms a mandate is seen to be fulfilled when:

  1. A buyer is introduced to the seller who is both legally and financially able to buy the property.
  2. A binding contract of sale is concluded. It is worth noting that a contract with suspensive conditions is not binding until such time as such conditions have been met.
  3. A transaction and its terms are substantially in accordance with the clients mandate.

Point 3 is interesting. The word “substantially” gives rise to a special twist. Since it means that, unless a client makes express note that commission will only be paid when the contract is concluded on “exact terms stipulated”, an agent is not required to execute a mandate to the exact letter. For example, if the client wants 500, 000 for a property and the highest offer attainable is 450, 000, the client cannot refuse to pay the full commission agreed.

A further twist of this case can evolve where an introduced buyer does not enter into a sale, but instead enters into a lease agreement. In this case, despite a lease agreement being in place, the Estate Agent is not deemed to have substantively completed the mandate and is not due commission as a different transaction to that which was mandated has resulted.

In practice we see this problem occurring all the time. An Estate Agent concludes a contract of sale at a price less that what the buyer was prepared to accept. Then the seller wishes to negotiate the commission down.
Effective Cause

Many people are under the impression that all they need do to qualify for commission is introduce a buyer and seller from wish a contract of sale is concluded. This is possibly one of the most common misconceptions shared by both Estate Agents and clients alike.

In fact an Estate Agent is required to do the above and be capable of demonstrating that he or she was the effective cause of the resulting transaction, north withstanding other factors. In reality many factors must be considered in order to demonstrate effective cause, including:

  • How much effort did an agent put in. Simply giving a buyer and seller each others telephone numbers is not enough.
  • The time between introduction and sale. If buyer and seller conclude a sale shortly after introduction, the argument that the Estate Agent was the effective cause is strong. However, if the sale agreement took place after a considerable period of time, the argument would be more difficult to prove.
  • The extent of consultation provided by the estate agent. If through an Estate Agents consultation one or more obstacles to conclusion of the sale where removed, then the effective cause is in favor of the Estate Agent. However, if the obstacles were removed without the help of the Estate Agent, then the effective cause is most probable to lay with the buyer and seller.
  • Frequency of interaction. How often did the Estate Agent communicate with the buyer and did the agent cease negotiations with the buyer at any point in time.


This article has briefly highlight a few of the main points concerning the rights and duties of Estate Agents and clients using their services. While some may see the information provided as a means to try avoid paying Estate Agents commission, the ability to do so legally is not easy. However, clients that feel they have genuinely not been served by an Estate Agent are not without recourse, if they have the information pertaining to their rights and duties as clients.

Having said this, it should be noted that Estate Agents are not paid for good intentions or hard work, only for bottom-line results. As a result it is not possible to measure an Estate Agents performance by the amount of work they put into a deal. Many Estate Agents do put a tremendous amount of work into their deals and take great pride in adhering to professional conduct. By the same token, an Estate Agent can earn considerable amounts of commission for relatively little work, but in this case runs the risk of getting nothing whatsoever if the mandate is neglected.

In closing it could be argued that the expectations and needs of clients would be better served if clients were better informed about both their own rights and duties and those of Estate Agents. However, in order for service levels to be improved, clients must also be willing to enforce their rights and not accept invalid Estate Agents or negligent service.

Dunes West Real Estate In Mt. Pleasant, South Carolina

Dunes West is a nationally recognized neighborhood. Along with Ion, these two neighborhoods are the most prestigious and sought after communities of Mount Pleasant.

Dunes West is a gated community located just off Highway 41 in Mt. Pleasant. It is made up of condos, townhouses, and single family homes that range in price from the high $100s to almost $3 million. Dunes West is divided into many subsections, some of which are located outside of the gated section of the community. The most affordable houses are found in this ungated area in subsections like Cypress Pointe and Palmetto Hall.

Some of the more affordable subsections located in the gated section of Dunes West include Hartford Village, Whispering Marsh, Marsh Cove (which also has some more expensive homes), and Deer Walk. Of these four subsections, the latter two have marshfront homes. You can find homes for sale under $500K in all of these gated subsections.

If you are looking for homes over $500K in Dunes West, you will find many more options to choose from. Darts Pointe, The Harbour, and Richmond Cove have very nice homes, and you can usually find homes just over that $500K price point in these subsections. Marsh Landing is a marshfront subsection of Dunes West. Brickfall Estates and Osprey Cove are located on the Dunes West golf course. Last, Wagner Pointe is one of the most desirable subsections of Dunes West because it features homes that are both marshfront and on the golf course. All of these subsections are located in the gated portion of Dunes West.

In addition to luxurious homes, Dunes West also has some of the nicest amenities in all of Charleston. The golf course at Dunes West rivals those found at Kiawah and Wild Dunes. You will also find a zero entry swimming pool, a wonderful club house, nine tennis courts plus a full time tennis pro, a community dock with boat ramp, a designated area for boat storage, a state of the art fitness center, a children’s play park, and plenty of walking trails.

The Dunes West Homeowners Association (HOA) dues for 2008 were $1,180 for residents in the gated section and $336 for residents outside of the gate. Residents wanting full access to the amenities must pay for a membership. The initiation fee for membership in 2008 was $1,500 for a family and $1,000 for an individual. After the initiation fee, residents pay $750 annually for a family membership and $420 for an individual membership.

Dunes West is located just fifteen minutes from the closest beaches, Sullivans Island and the Isle of Palms. Plus, downtown Charleston is only about a twenty minute drive. Restaurants and shopping are within minutes of Dunes West. If you are considering buying a home in Mt. Pleasant and are looking for an exclusive style of living that only a gated community can offer, Dunes West should certainly be on your short list of neighborhoods to consider.

Real Estate Investments – How They Can Help Planning Your Retirement

Unlike normal people real estate brokers or investors prefer to think ahead and have a plan ready for earning money long after their retirement. Most of them go for real estate investments rather than completely depending on Social Security benefits. These social security benefits are not enough and, they are liable to change a lot by the time people attain retirement age. If you are not part of an excellent retirement program, you will be required to plan your retirement wisely. In this way, you will be able to get financial security in your retirement years. You should considermaking real estate investments as they can prove to be one of the most reliable ways to plan your retirement, for several reasons.

Tax benefits promote equity growth

The tax benefits allow investors to use the option of real estate investments to promote equity growth. Through a like-kind exchange under United States tax law investors can hold their invested capital and choose cash flow over capital profits. They dont have to lose any of their equities in taxation policies. Their house rents are also protected by depreciation. In fact, real estate investments are more flexible than other retirement programs, like pensions and IRAs (individual retirement accounts) which involve income tax. They make it easy for investors to secure a loan based on their invested equity and manage their capital effectively without getting affected by the regulations of other retirement plans.

You can control your loan installments

With real estate investments, you can have full control over the payment of your mortgage debt. You can plan to pay your loan installment on a date compatible with your retirement plan, and the longer you decide to extend it, the easier it would be for you. Even with growing loan interest, you can easily calculate how much you will have to pay every month in order to repay it fully in the year you are going to retire. You wont have to look for refinance and estimate the monthly installment required to repay your debt by the planned retirement date.

Real estate investment values exceed inflation

Excluding a few economic downturn conditions, real estate exceeds inflation in ensuring the values to investors. Real estate is valued more than the normal cost of living. The reliability of the long-standing record of real estate investments is encouraging. The continuous rise in real estate prices, when weighed against other approved investment options like the stock market, has been positive and steady. Inflation is a factor that devalues an investment portfolio, often resulting in losses in your actual spending power beyond net profit after tax. Real estate investment brings in annual tax benefits which help many investors to overcome this common problem.

Real estate investment is safe and secure

Purchasing real estate is a secured way to utilize and protect your investment. Investment risks in property market are less as compared to other long-standing investment plans. By paying large down payments, you can avoid cash flow risks. Your after-tax benefit is proportional to your tax rate. It is considered safe to invest in real estate because insurance facility is available to protect it from risk.

A Brief History Of The Master Limited Partnership

In recent times, Master Limited Partnerships or MLPs have started to gain popularity owing to their steady returns, even during recessionary times. Even as the stock markets tanked in the wake of the sub-prime mortgage crisis, MLPs continued to deliver healthy returns. This is owing to the commodity nature of their business, dealing primarily with oil and gas and not subject to short-term variations. In other words, even during times of recession, people will buy gas and that ensures MLPs will deliver returns. And then there are the tax incentives.

Before embarking on the history of the Master Limited Partnership, lets first define what it is. As its name suggests, it is a limited partnership. It combines the tax benefits of a limited partnership with the liquidity value of the tradable stock. In order to qualify for an enterprise to issue Master Limited Partnerships it needs to earn 90% of its profits through activities related to natural assets, real estate or commodities.

The first MLP to be launched was one by the Apache Oil Company in 1981. Its aim was to tap smaller investors for capital while allowing them to become partners. This was soon followed by other oil and gas companies following suit, with real estate companies joining in as well. Legislators became concerned with the meteoric rise in MLPs, with restaurants, hotels, amusement parks and even the Boston Celtics going down this route in order to save on corporate tax.

As a result, new tax laws were formulated. The Tax Reform Act of 1986 and Revenue Act of 1987 put in place restrictions that adequately eliminated preferential tax treatment for all MLPs except those with 90% of their incomes derived from various natural resource activities, such as oil and gas exploration, production, transportation, and so on.

Consequently, many of the earlier MLPs ceased to exist, transforming themselves back to corporations. As of today, there are around 55 MLPs trading on American markets. Most of them deal with midstream energy distribution, transportation, and terminal assets. Some of the newer ones deal with industrial source carbon dioxide (include in the tax code in 2008), and the transportation and storage of ethanol, biodiesel and other alternative fuels (also added in 2008).

Like the S&P 500 and Dow Jones Industrial Average that track stock performance, MLP performances are tracked by the Alerian MLP index or AMZ. Alerian was founded in 2004 by Gabriel Hammond as an MLP asset manager. The AMZ was born on June 6, 2006, when JP Morgan formally announced its operation. The index is distributed everyday through ticker AMZX and is present on Alerians website. In addition, S&P calculates 10 years of historical index data on both a charge and total return basis.

Some of the larger MLPs, by market capitalization, are Enterprise Product Partners (Ticker: EPD), Kinder Morgan Energy Partners (KMP), Williams Partners (WPZ), Energy Transfer Partners (ETP) and Plains All American Pipeline (PAA). The last year has also seen the launch of MLP mutual funds that have further opened up this sector.