Authorities in Coahuila have warned citizens about the risks of buying illegally sold land, including fines of up to one million pesos. This refers to properties that lack the necessary permits required by state law.
Warning of Risks from Buying Illegally Sold Land in Coahuila
The Government of Coahuila, through its Ministry of the Interior, warned citizens of the legal and financial risks associated with buying, selling, promoting, assigning, or transferring rural land that lacks the required permits under the Coahuila State Law on Human Settlements and Urban Development.
This warning stems from the detection of the promotion and sale of properties lacking municipal permits, authorized land use, service availability, and the necessary legal documentation for their sale.
Authorities explained that this can lead to financial hardship for families, as well as administrative and legal proceedings for those involved in these types of transactions.
Given this situation, they urge people to verify, before making any purchase or investment, that the property is properly registered and has the official permits issued by the competent authorities.
State authorities also pointed out that, according to Article 311 of the Law on Human Settlements and Urban Development of the State of Coahuila, there are penalties for those who sell, promote, or transfer land outside of current regulations.
What are the penalties? Fines of up to 10,000 UMA (Units of Measurement and Update), which is equivalent to more than one million pesos, or up to 20% of the commercial value of the property sold.
In fact, they added that Article 315 of this same legislation includes penalties for owners or developers who carry out legal acts without having a permit to sell or build properties.
In this specific case, the fines are up to 5,000 UMA, which is equivalent to 585,550 pesos, for each transaction.
“In addition to economic sanctions, the authorities can apply measures such as closure of works, demolition, administrative arrest for up to 36 hours and the corresponding legal actions,” Coahuila authorities indicated.
Source: unotv
