It is a legal instrument that is used for the administration of assets, made up by one or more trust fund beneficiaries, in which the fund holder transfers such assets to a fiduciary that will be the one in charge of managing for the sake and interest of the ones designed at the trust fund.
It is a totally legal document since it is made upon public record, and is inscribed within the Property Public Record office. (Registro Público de la Propiedad)

Trust fund beneficiaries are the owners of every trust fund right through a certificate of fiduciary participation, and thus, of every asset of the project (apartments in the building, common areas, etc.) that have been adhered to the trust fund selected by the fund trustee. For the particular case of this fractional model, the trust holder is every client who acquires a fraction of the building development for sale.
The fund trustee (or trustor) is the legal person that constitutes a fund trust, managing the necessary assets and/or rights for the accomplishment of its aims, transferring its titularity to the fiduciary. For the particular case of this fractional model, the fund trustee is the developer who is going to adhere the properties to a fund trust in which the fiduciary grants trust-funding rights to the buyers of the fractions.

Yes, you are. Every foreign person is able to adhere to the trust fund since such will count with the authorization of the Exterior Relations Secretariat (Secretaría de Relaciones Exteriores) for their acquisition.

When you get a fraction, you will become a fund trust beneficiary that is managed by the real-estate project in its operational phase, which will be long-lasting to accomplish the aims of the fund trust.

It will be the fiduciary society (the Bank) the spokesperson and administrator of the fund trust project.

Here, check after check the expenses according to necessity:

• By incorporating this real-estate development to a property in a condo building, each apartment owner will have to pay its compulsory yearly fee, and such will be divided by the total number of fractions included in the property.
• Expenses for hotel industry operation, since the real-estate development will be given in administration to a hotel operator that will be in charge of keeping the property in optimal conditions before, during and after the proprietary ́s checkout, including in such, the daily clean-up of the units; electricity, Wi-Fi access, cable T.V., bath amenities, linen laundry, and everything required for the proper hotel operation.
• Yearly maintenance fee that the fund trustee charges for the administration of the trust funds.
• Yearly reserve fund for the change of property, home appliances, linen, mattresses, etc. which the apartment requires according to its use up to 5 years from the beginning of its operation and thus, keeping the asset in optimal conditions during all its lifetime.
• Property fee for all the units included in the fractional model, which is given once per year.
• Human capital (staff) needed to execute the administration of the funds in the fiduciary account as well as its organization, and the reserve system maintenance of the real estate development, executing the surveillance and accomplishment of the fund trust aims for the protection of each and every trust fund beneficiary (buyers).
• The yearly fees will undergo an increase according to inflation or National Pricing Index for the consumer.