Under Mexican civil law, your down payment is legally classified as arras confirmatorias (confirmatory earnest money). This is the legal mechanism that protects you — equivalent in function to a U.S. escrow, but operating directly between the parties without a third-party custodian.

This 100% / 150% structure is enforceable in Mexican civil courts and does not require a third-party custodian.

Legal basis: Mexican Federal Civil Code, Articles 2310-2311 on arras confirmatorias.

Yes. Mexican law gives you a non-waivable right to reconsider after signing.

How to exercise it: notify in writing — by email to [email protected] — within 5 business days from signature. Refund processed within 30 business days from the signing of the electronic refund agreement (Zoho Sign or equivalent), through the same payment channel or bank wire as agreed.

What the refund covers: 100% of amounts paid to MAREA or to the seller, sent in full from our side. However, bank transfer costs are not covered — wire fees, intermediary bank commissions, currency conversion fees, recipient bank fees, and any international transfer taxes applicable to you are not the responsibility of Peninsula, the seller, or any project stakeholder. These costs are deducted by the intermediary or receiving bank according to its rates. The original payment processing fees charged by Stripe, PayPal or your bank at the moment of payment (typically 2.9% + $0.30) are paid directly to the third-party processor and are not recoverable.

Legal basis: LFPC Article 56, applicable to adhesion contracts for real estate registered with PROFECO under Article 73 LFPC and NOM-247-SE-2021.

The Hold Fee is $199 USD (promotional launch pricing), plus a payment processing fee of approximately $6 USD charged at checkout by the payment platform. It reserves your lot for 30 days and is fully credited toward your down payment if you proceed to L2.

The ~$6 USD processing fee is paid directly to the third-party payment processor (Stripe or PayPal). This fee is not recoverable by MAREA at refund — it remains with the processor regardless of whether you proceed or cancel.

After day 5, the Hold Fee is non-refundable. However:

• 100% credited to your down payment if you proceed to L2 (recommended).
• 100% refund of the Hold Fee if Peninsula or the property owner cancels.
• Assignment service: Peninsula can offer a paid service to find a substitute buyer for your reserved lot. A service fee applies, disclosed transparently before you accept.

You don't need to wait years to enjoy what you're investing in. After four on-time payments — your down payment plus three consecutive monthly installments — you unlock three complimentary rounds of golf at Las Caras de México, courtesy of MAREA.

How to redeem: request tee times through your MAREA advisor at any point during the active life of your contract. No physical card — your advisor coordinates booking directly with the course.

Conditions: Subject to course availability. Non-transferable. One round per booking. Privilege automatically forfeited upon contract default or rescission.

Your exit options depend on when you decide and which instrument you signed:

Within 5 business days of signing (any instrument): Full 100% refund. The Article 56 LFPC reflection period covers the L2 by Mexican law, and Peninsula voluntarily extends the same 5-day refund to the L1 Hold Fee.

After day 5, Hold Fee (L1): $199 non-refundable. You may continue to L2 or request Peninsula's paid assignment service.

After day 5, L2 signed (voluntary withdrawal): Standard arras — you forfeit 100% of earnest money. Reciprocal side of the 150% recovery if the seller defaults.

Seller default or material breach: Full recovery + 150% under arras if seller-caused.

Assignment to a third party (your own buyer): Mexican civil law allows it at any time, subject to seller's reasonable approval. Administrative fee applies. Separate from Peninsula's brokered assignment service.

San Felipe is in Mexico's restricted zone (within 50 km of coast). Foreign buyers acquire through a fideicomiso — a bank trust authorized under SRE permit.

The Mexican bank holds legal title as fiduciary. You are the sole beneficiary, with full rights to occupy, lease, sell, mortgage, designate inheritors, and renovate.

Setup: USD $1,000–$3,000 plus SRE permit ~USD $230 + MXN $21,650. Annual fee: USD $450–$555.

When a refund is due to you (5-day Art. 56 LFPC reflection window, Hold Fee assignment service, seller default, or force majeure), this is the process:

• Timeframe: up to 30 business days from the signing of the electronic refund agreement (Zoho Sign or equivalent).
• Electronic signature required: we sign together an agreement identifying the amount, the reason, and your bank details for the wire.
• Full amount sent: we send the entire agreed amount, with no retention on our side.
• Bank transfer costs NOT covered: wire fees, intermediary bank commissions, currency conversion fees, recipient bank fees, and international transfer taxes are not the responsibility of Peninsula, the seller, or any project stakeholder. These are deducted by the banks involved according to their rates.
• Confirmation: we provide you a bank receipt and reference number once the wire is dispatched. Our obligation is fulfilled at the moment of dispatch, not at the moment of receipt by your bank.

This uniform refund policy applies to all proceeds from MAREA San Felipe and all Peninsula-administered projects.

Electronic payments only, in U.S. dollars. No cash, no cryptocurrency.

Accepted: wire transfer, ACH, Stripe, PayPal Business.

Every payment creates an audit trail under your name, protecting you under:

• Mexico — LFPIORPI (Anti-Money Laundering Law)
• United States — Bank Secrecy Act, USA PATRIOT Act, FinCEN reporting
• Canada — PCMLTFA, FINTRAC reporting