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rent: what form of payment do you use?

 
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onward



Joined: 14 Aug 2011
Posts: 11

PostPosted: Sun Aug 21, 2011 3:05 am    Post subject: rent: what form of payment do you use? Reply with quote

just rented my first apartment in mexico... i paid cash deposit and rent, and wondered if there was a better way to do it (i.e. bank check, cashiers' check, etc)?

just wanted to cover my behind with some type of paper trail...
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notamiss



Joined: 20 Jun 2007
Posts: 908
Location: El 5o pino del la CDMX

PostPosted: Sun Aug 21, 2011 3:25 am    Post subject: Reply with quote

I don�t know about rent specifically, but a really common way to pay for things here is for the other party to give you their bank account number and you deposit into their account, whether by cash, cheque or electronic transfer. Then you give or send them a copy of the deposit slip as proof of payment. You either keep the original deposit slip, or keep a copy if they require the original.

As I mentioned above, this is really common, and I�ve paid for all kinds of things this way: the kids� school tuition, building materials, computer hardware, registration fees for events, fees for service by a notario, and a great variety of things from bought from private individuals or micro-businesses (especially if they live in another city and they sent the things to me, but also for things exchanged in person, if they required payment before delivery). This is also the usual way that I have people pay me.
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Isla Guapa



Joined: 19 Apr 2010
Posts: 1520
Location: Mexico City o sea La Gran Manzana Mexicana

PostPosted: Sun Aug 21, 2011 10:14 am    Post subject: Reply with quote

Yes, bank deposits are usually the way to go in Mexico to pay for most things that you can't (or prefer not to) pay for in cash. In general, the use of personal checks is not very common. When I opened an account at a Mexican bank, I opted out of getting checks and have never needed even one.
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BadBeagleBad



Joined: 23 Aug 2010
Posts: 1186
Location: 24.18105,-103.25185

PostPosted: Sun Aug 21, 2011 5:47 pm    Post subject: Reply with quote

Isla Guapa wrote:
Yes, bank deposits are usually the way to go in Mexico to pay for most things that you can't (or prefer not to) pay for in cash. In general, the use of personal checks is not very common. When I opened an account at a Mexican bank, I opted out of getting checks and have never needed even one.


Yep, what she said. Stores don�t really take checks like they do in the US. Cash is far more common, even for big expenses. You can always buy a book of receipts and have the person make one out for you. Or do the bank transfer, easy and painless, and you have a paper trail, should you need one.
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leslie



Joined: 08 Feb 2003
Posts: 235

PostPosted: Sun Aug 21, 2011 9:57 pm    Post subject: receipt Reply with quote

I paid cash for my "quarto" but the landlady gave me an unofficial receipt (the kind you buy in an office store) , so there was a record. I don't think she claimed that income, but at least I had something to say I paid the rent.
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Isla Guapa



Joined: 19 Apr 2010
Posts: 1520
Location: Mexico City o sea La Gran Manzana Mexicana

PostPosted: Sun Aug 21, 2011 10:24 pm    Post subject: Reply with quote

I think you'll find that many landlords, at least the small-time ones, won't give you an official rent receipt because they don't want to report this income to SAT.
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Sun Aug 21, 2011 11:18 pm    Post subject: Reply with quote

I've never been able t get a landlord to provide a factura for rent. The ones that were willing to wanted to charge IVA on top of the rent to do it, so I settled for not having one. As far as I know, you can't claim rental costs on a tax return anyway.
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Isla Guapa



Joined: 19 Apr 2010
Posts: 1520
Location: Mexico City o sea La Gran Manzana Mexicana

PostPosted: Sun Aug 21, 2011 11:31 pm    Post subject: Reply with quote

Guy Courchesne wrote:
I've never been able t get a landlord to provide a factura for rent. The ones that were willing to wanted to charge IVA on top of the rent to do it, so I settled for not having one. As far as I know, you can't claim rental costs on a tax return anyway.


Since I do almost all my teaching at home, my accountant told me I could deduct rent from my monthly tax payments. The problem is that my landlord won't give me a factura, so that's that's.
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mejms



Joined: 04 Jan 2010
Posts: 390

PostPosted: Mon Aug 22, 2011 1:57 am    Post subject: Reply with quote

Guy Courchesne wrote:
As far as I know, you can't claim rental costs on a tax return anyway.


Sure you can.
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Mon Aug 22, 2011 2:23 am    Post subject: Reply with quote

mejms wrote:
Guy Courchesne wrote:
As far as I know, you can't claim rental costs on a tax return anyway.


Sure you can.


For the self-employed as an operating expense as Isla described. Can you claim a deduction if you're a regularly employed person? I don't remember seeing it as an option on the return this year.
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onward



Joined: 14 Aug 2011
Posts: 11

PostPosted: Mon Aug 22, 2011 12:40 pm    Post subject: Reply with quote

thanks for the info... i'll buy a receipt book and also ask about the deposits directly into the landlord's account (same way i paid for things in korea)...
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