What is a Lease Agreement for?

First of all you have to remember what a contract means. According to its official definition, the contract is a:

"Agreement, generally written, by which two or more parties mutually agree to respect and fulfill a series of conditions".

In the case of lease contracts, they will be agreements that two or more people define about the rent of a particular asset.

 

This type of contract is commonly used in real estate matters for the rental of:

  • - Houses.
  • - Offices.
  • - Comercial Local.
  • - Departments.
  • - Storage warehouses.

You can rent any property that has an owner, be it a particular person, a private company or even a real estate agency authorized to carry out said operation.

In this document several agreements are defined in which both parties will have obligations, rights, policies and regulations to carry out a "healthy occupation" of the property.

 

What is a Tenant and Landlord?

The Landlord is the owner who will rent his property in exchange for a benefit; This figure temporarily grants the other party the use of the home or business premises.

The Lessee is the figure who will use the property in exchange for a periodic payment previously agreed with the Landlord for a specified time.

 

What does your lease need?

If you are about to rent a property, the lease will need several points:

  • - Define the duration period.
  • - Clarify the form of payment.
  • - Have regulations for use.
  • - Define clauses that protect your interests and rights over your property.
  • -Develop sanction mechanisms protected by law in case of non-compliance.

Important note: If you already have a property for rent, and you are in dispute with your tenant due to non-compliance, it is necessary that you read this note:
https://defendabogados.com/blog/los-6-beneficios-de-realizar-un-convenio-transacionales

Creating a lease is not easy at all, because you have to know the applications of the law to the letter. Even if a real estate agency already has its contracts, you always have to be aware of their due and correct updating.

If we do not make the contract as indicated by the legislation, we can put our property rights at risk and even be worthy of fines and penalties.

The best thing will always be to advise you with a lawyer, and here at Defend Abogados ® we have the best real estate lawyers to give advice to individuals, private companies, construction companies and real estate agencies.

You just have to fill out our form to get in touch with you:
https://defendabogados.com/contacto

We want to help you prevent future risks and legal problems that in the long run generate high costs, better invest in a first level advice at our law firm.


* Remember: all our consultancies include IVA.

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