Forums > Areas > Jalisco's Lake Chapala Region

twelveoaks

Feb 23, 2012, 4:49 PM

Post #1 of 10 (2755 views)

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How cqan I cash a rental deposit refund check in Ajujic ?

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My wife and I are planning on renting for two months while we purchase a home in Ajijic.

We have found a rental we like but the catch is they want $780 USD deposit plus a $300 USD telephone deposit.

They have told us the deposits will be refunded via a Wells Fargo USD check. Our problem with that is since we are not returning to the states I don't see how we could cash it !
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Does any one have any thoughts on how we would be able to cash this check ? We will not have a Mexican bank account.

Thanks,

Fred & Donna

johninajijic

Feb 23, 2012, 4:54 PM

Post #2 of 10 (2748 views)

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Re: [twelveoaks] How cqan I cash a rental deposit refund check in Ajujic ?

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Don't rent the place. Sounds like a scam. How do you jnow they'll return your deposit? If they don't you have no recourse in Mexico. Find another place.

tashby

Feb 23, 2012, 5:30 PM

Post #3 of 10 (2742 views)

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Re: [twelveoaks] How cqan I cash a rental deposit refund check in Ajujic ?

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Deposits on rentals aren't a scam, they're security, though those do seem a bit large for a two-month rental.

Since you're dealing in US dollars, it sounds you're talking about a private rental, or maybe through one of the local property management companies. Ask them if they'll give you the equivalent refund in cash, in pesos. If not, assuming you're retaining a bank account in the US, you could always mail the check back to the US with a deposit slip. There are various ways to get a piece of mail to the United States.

There are also other ways to deal with a US denominated paper check locally. It's not that big a deal.

(This post was edited by tashby on Feb 23, 2012, 5:32 PM)

DavidHF

Feb 24, 2012, 6:59 AM

Post #4 of 10 (2683 views)

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Re: [twelveoaks] How cqan I cash a rental deposit refund check in Ajujic ?

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Open an account at MultVa. You can deposit $USD checks there.

joaquinx

Feb 24, 2012, 7:14 AM

Post #5 of 10 (2678 views)

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Re: [twelveoaks] How cqan I cash a rental deposit refund check in Ajujic ?

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Get a lease where the deposits are in pesos equivalent to the USD amount they want and that you will receive, in pesos, the deposits when you move.

Asking a rental price in USD that is payable in pesos is legal. Demanding USD as payment isn't.
_______
My desire to be well-informed is currently at odds with my desire to remain sane.

Axixic

Feb 24, 2012, 1:32 PM

Post #6 of 10 (2631 views)

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Re: [joaquinx] How cqan I cash a rental deposit refund check in Ajujic ?

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Actually I think under the Finance Code all contracts must be in pesos and paid in pesos. Vendors are not allowed to advertise stating prices in any currency but pesos and unless a contract is an international contract where one party is in another country, all currency in a contact in Mexico must be pesos.

http://www.globalpropertyguide.com/Latin-America/Mexico/Landlord-and-Tenant

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Rents must be determined in Mexican currency (pesos).

Axixic

Feb 24, 2012, 3:22 PM

Post #7 of 10 (2618 views)

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Re: [twelveoaks] How cqan I cash a rental deposit refund check in Ajujic ?

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If you are renting short term why not rent at a motel and not worry about a deposit?

http://www.hotelperico.com.mx/en/

There are several other affordable hotel/motels in the area but that solves any deposit and other upfront money.

I forgot to add the Hotel Perico advertises a rate of $300 USD a month.

(This post was edited by Axixic on Feb 24, 2012, 3:24 PM)

don pedro

Feb 24, 2012, 4:03 PM

Post #8 of 10 (2607 views)

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Re: [twelveoaks] How cqan I cash a rental deposit refund check in Ajujic ?

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why bother! we booked at los dos b&b[jocotepec] run by phylis rauch for 2 weeks until we found a rental while we looked for a house to buy. we found this house in the first week and ended staying for 2 months at los dos until closing. our unit was 2 story with kitchen like a casita. we had 2 dogs. the gardens and view is outta sight. i walked a mountain trail every morning with the dogs.
the less hassel you give yourself the better. she has internet and phone in each unit. i hooked up our vonage even. yes we bought in one week and this year we will have been in this house for 6 years.
my wife and phylis still do lunch on occasion. relax!
http://chapalamexicoinfo.createforumhosting.com
naivete is a chronIc disease and by its very nature;the afflicted never know they have it.-SNORK!

Zardoz

Feb 25, 2012, 6:52 AM

Post #9 of 10 (2554 views)

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Re: [Axixic] How cqan I cash a rental deposit refund check in Ajujic ?

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LOL I have not had one rental contract that didn't have six foot holes in them down here. This goes far beyond the standard English/USDsituation. Not sure any contract I have signed would hold up in court down here. Deposit is security. Lease is a piece of paper to me. Z

(This post was edited by Rolly on Feb 25, 2012, 9:11 AM)

sioux4noff

Feb 26, 2012, 7:23 AM

Post #10 of 10 (2463 views)

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Re: [twelveoaks] How cqan I cash a rental deposit refund check in Ajujic ?

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If you are going to buy in the area, why not open a local bank account? We do most of our banking through our US bank but have found it convenient to have an account here as well.