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Rents is US Dollars

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Post by TexMex Fri Dec 21, 2012 1:26 pm

I was reading on Rollybrook's website that rents are only payable in pesos and that a lease clause requiring payment in any other currency is invalid. How is it then that almost everyone here (and several other places in Mexico) gets away with payment in US dollars?
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Post by joec Fri Dec 21, 2012 1:38 pm

TexMex wrote:I was reading on Rollybrook's website that rents are only payable in pesos and that a lease clause requiring payment in any other currency is invalid. How is it then that almost everyone here (and several other places in Mexico) gets away with payment in US dollars?

You can say Mexican Peso equivalent which is fairest to both parties. I never "require" US Dollars or CDN Dollars.

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Post by slainte39 Fri Dec 21, 2012 4:31 pm

US dollars are fine on a contract but the inquilino has the option of paying in Mex. pesos at the exchange rate to buy the dollars. Not to complicated.

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