Post by asadul1217 on Feb 11, 2024 23:32:22 GMT -5
Starting today, Tuesday, March 5, new legal measures come into play for rental contracts for primary residences through the new Royal Rental Decree approved by the Government. Below we explain the keys to the new Urban Leasing Law of 2019. Although its validity will be provisional, since it must be validated by Congress within 30 days from its publication in the BOE.e 1. Deadlines for forced extensions . The current period of three years of mandatory compliance for the lessor is moved to a period of five years in the case of lessors who are natural persons and seven years for lessors who are legal entities. 2. Tacit extensions . The term of one year is changed to three years, in the event that the maximum term of the contract and the legal extensions of 5/7 years have arrived, neither of the parties expresses to the other their willingness not to renew it. 3. Limitation on the annual update of income . According to the new royal rental decree, a rent review above the CPI cannot be agreed upon during the minimum duration periods to which tenants are entitled (5 years for individuals and 7 years for legal entities.
Advance notice to avoid extension at the end of the term . In the event that the landlord does not wish to extend the contract, he must notify the tenant four months in advance. If it is the tenant who does not want to renew, he must notify the landlord two months in advance. 5. Exception to the forced extension because the landlord needs the home . In order for the landlord to exercise the power to refuse the legal extension of the contract, because he needs the home for himself or his immediate family, the new rental France Email List measures dictate that it must be expressly stated in the contract. 6. Exception to the forced extension for large homes or high rents . Rentals of homes that have a surface area greater than 300 m² or whose annual rent exceeds 5.5 times the annual interprofessional minimum wage, are not subject to mandatory extensions or the rest of the limitations imposed by the LAU, and are governed by the freedom of agreements. as happens with the leases of business premises.
Forced subrogation in case of sale . In the event of the sale of the leased home, the buyer must respect the current contract for the minimum legal terms to which the tenant is entitled (5 or 7 years), regardless of whether or not the lease is registered in the Property Registry. . 8. Limited bail. In addition to the mandatory month's legal deposit for home rentals, no other additional guarantees that exceed the amount of two monthly payments can be agreed upon, in addition to the legal monthly payment. But only for leases arranged for the minimum legal term mandatory for the lessor (5 years for landlords who are individuals and 7 years for legal entities). For contracts with a duration greater than this mandatory legal minimum, a higher additional deposit can be agreed upon. to these two monthly payments of income. 9. Leasing of housing for tourist use . They are not regulated by the general rules of urban leases but by those of their regional and local sectoral regulations.
Advance notice to avoid extension at the end of the term . In the event that the landlord does not wish to extend the contract, he must notify the tenant four months in advance. If it is the tenant who does not want to renew, he must notify the landlord two months in advance. 5. Exception to the forced extension because the landlord needs the home . In order for the landlord to exercise the power to refuse the legal extension of the contract, because he needs the home for himself or his immediate family, the new rental France Email List measures dictate that it must be expressly stated in the contract. 6. Exception to the forced extension for large homes or high rents . Rentals of homes that have a surface area greater than 300 m² or whose annual rent exceeds 5.5 times the annual interprofessional minimum wage, are not subject to mandatory extensions or the rest of the limitations imposed by the LAU, and are governed by the freedom of agreements. as happens with the leases of business premises.
Forced subrogation in case of sale . In the event of the sale of the leased home, the buyer must respect the current contract for the minimum legal terms to which the tenant is entitled (5 or 7 years), regardless of whether or not the lease is registered in the Property Registry. . 8. Limited bail. In addition to the mandatory month's legal deposit for home rentals, no other additional guarantees that exceed the amount of two monthly payments can be agreed upon, in addition to the legal monthly payment. But only for leases arranged for the minimum legal term mandatory for the lessor (5 years for landlords who are individuals and 7 years for legal entities). For contracts with a duration greater than this mandatory legal minimum, a higher additional deposit can be agreed upon. to these two monthly payments of income. 9. Leasing of housing for tourist use . They are not regulated by the general rules of urban leases but by those of their regional and local sectoral regulations.