5.9.2024

A Comprehensive Approach to the Success of Your Real Estate Projects

In the competitive real estate world, carrying out a successful project is a complex challenge. Building, selling or leasing properties is only part of the process; it is also essential to effectively manage the legal, regulatory and technical aspects that these activities entail. At Mijares, we understand that each project is unique and requires a comprehensive approach that includes all of these elements to ensure a smooth operation. From negotiating contracts and legal audits to coordinating environmental and technical studies, our commitment is to provide ongoing support so that our clients can focus on what they do best: running their businesses with the confidence that every legal and regulatory detail is covered.

Strong Foundations: Essential Contracts for Successful Project Management

In the real estate industry, agreements are the foundation on which alliances are built and projects are effectively managed. At Mijares, we have extensive experience in drafting and negotiating various types of contracts, essential for the success of real estate projects. Among the most relevant contracts and agreements for carrying out a project of this nature, there are:

The success of every real estate project depends to a large extent on identifying the contracts and key documents that support it. Our approach is based on a detailed analysis of the specific needs of each project to determine essential agreements, evaluating potential risks and adjusting contracts to protect the interests of our clients.

In addition, we understand that contract negotiation isn't just a formality; it's a vital strategy for protecting business interests. At Mijares, we implement strategies that ensure that all contracts (i) protect the commercial interests of our clients, (ii) reduce risks and (iii) align with the objectives of the project. This requires a deep understanding of our clients' expectations to adjust the terms and conditions of the contract to their specific needs.

To be successful in the real estate market, a comprehensive approach combining technical expertise with an appropriate contractual structure is necessary.

Regulatory Compliance: Strategic Advice for Navigating Legal Requirements

How many regulatory obligations does a company face in a real estate project? Answering this question isn't always simple. Effective compliance with these obligations requires an adequate control environment, where the organization efficiently manages its human, financial, administrative, technical and information resources. This is essential to interact in a timely manner and with the right guidance, complying with federal, state and municipal laws, as well as with all authorizations, registrations, licenses, permits and concessions required by administrative authorities.

The risks of regulatory non-compliance are significant, ranging from fines and closures to the revocation of permits, and even criminal investigations that may involve the company, construction managers and legal representatives.

Managing regulatory compliance requires answering key questions about how to address obligations, who should intervene, in what order, and what duties should be prioritized. This must be done under a systemic approach. Fortunately, there are international standards that can help in this process, such as ISO 31022 for legal risk management systems, ISO 37310 for compliance management systems, ISO 31000 for risk management and UNE 19601 for criminal compliance management systems.

Implementing these regulatory compliance standards and strategies is a fundamental tool for real estate projects. In addition, the use of digital platforms can facilitate the mapping of obligations, the assignment of responsibilities, the creation of early warning systems and the assessment of regulatory and criminal risks, as well as the documentation of evidence in the event of incidents that may cause material damage or compromise the integrity of individuals.

Comprehensive Advice on Licenses, Permits and Authorizations

We offer comprehensive advice in the management of legal obligations that cover all stages of a real estate project: development, construction, operation, maintenance and closure. We rely on project specifications and federal, state and municipal legislation to identify the necessary licenses, permits, registrations, concessions, opinions and authorizations, and also determine the corresponding compliance and renewal periods. In addition to identifying these authorizations, we focus on carefully reviewing and analyzing the associated conditions, terms and obligations, ensuring that they are met within the established deadlines. We accompany our clients throughout the management process, providing comprehensive advice that guarantees regulatory compliance.

Environmental Consulting: Ensuring Sustainable Project Development

Sustainability is a fundamental pillar in the future of the real estate sector. Our approach focuses on promoting sustainable works and ensuring compliance with environmental and land use regulations, thus ensuring the viability and long-term success of projects.

A relevant case is the recent CDMX Environmental Responsibility Act, which introduces the concept of damage to artificial elements in the environment. This law establishes that those who fail to comply with the maximum permitted surfaces, densities, percentages of free areas, levels or heights, among others, are obliged to repair the damage caused. Solidary managers include owners, construction companies, co-managers and even partners and shareholders of the legal persons involved. Given its wide impact on the real estate sector, attention to this law requires a comprehensive strategy that covers real estate, environmental, litigation and criminal areas, to ensure the protection of the interests of our clients.

Environmental Impact Assessment and Mitigation

Our services facilitate the carrying out of comprehensive environmental studies, essential to identify and evaluate the potential negative impacts of a project. We implement effective measures to minimize these impacts, protecting both the natural environment and the interests of the project, thus ensuring its sustainable development.

Comprehensive Coordination of Technical Studies

We work closely with specialized consultants to ensure that all technical aspects of the project are properly evaluated and incorporated into the planning. Our comprehensive approach ensures that the results of these studies are translated into strategic decisions that comply with all environmental regulations, supporting the success of the project at every stage.

Conclusion

At Mijares, we become a strategic partner who understands the complexities of the sector and we work with our clients to overcome challenges and seize opportunities. Our recurring services are designed to ensure that every aspect of your projects is backed by a solid legal foundation, complies with current regulations and is aligned with the highest sustainability standards. We invite you to explore how our comprehensive approach can add value to your real estate projects, ensuring not only their viability and legality, but also their long-term success.

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Real Estate Team

Our comprehensive and specialized approach to the real estate sector allows us to offer complete and effective solutions to our clients.

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