Buying or renting a property is an important decision in the lives of many Brazilians. Whether it’s starting a family or gaining independence, change represents growth and, of course, new challenges. In this case, many realize that renting an apartment can be a very advantageous alternative.

Renting a property is often the most recommended option. This is because, for some people and in some situations, the purchase of a house or an apartment is not the ideal solution.

Suppose, for example, that you are going to move to rudn enclave Islamabad city to attend graduation, but you do not intend to continue living in the city after the end of the class period. In this case, buying a property is not advantageous and, on the contrary, can bring you more problems than solutions.

In this way, you should consider that renting an apartment may be the most suitable option for your needs. However, the process of leasing a property must be carried out carefully and with planning and, for that, you must have as much information as possible.

So that this task is not a challenge, the Arbo Blog has created this complete guide. In this text you will find everything you need to know before renting an apartment, such as:

What is the Tenancy Act?
What is the step by step to rent an apartment?
How to choose the ideal apartment?

What is the Tenancy Act?

Law 8,245, known as the Tenancy Law, was enacted in 1991 and is in effect today. The Legislation in Investment Opportunities In Rudn Enclave is known for determining all points regarding the lease of a property in Brazil, whether residential or commercial.

The text of the Tenancy Law includes all the rights and duties of the property owner during the rental of the property, as well as the rights and duties of the lessee. In addition, it regulates and determines which items are mandatory in a lease agreement.

The lease agreement

The lease agreement is the document used to intermediate the process of renting a property. As mentioned above, it is governed by the Tenancy Law , which establishes some particular characteristics to the document:

Not solemn

The lease agreement is considered non-formal, which means that the document does not necessarily need to be formalized. The only condition for the document not to be formalized is that both parties involved agree.

This characteristic, in general terms, determines that, even without a lease agreement, both the owner of the property and the lessee are supported by the Tenancy Law. This also means that they must fulfill their duties.

Despite the need to formalize the contract, there is an exception: the document needs to be formalized when the owner requires a guarantor as a lease guarantee.

Onerous

The lease agreement is also considered onerous, that is, it determines that a lease must necessarily cause some cost to the lessee. The onerous contract, therefore, points to the need to pay the rent to the owner.

You may be wondering what happens in cases where the owner gives away the property to someone for free. In this case, the Tenancy Law does not support them, since the assignment is not considered a de facto lease.

Bilateral e consensual

Another characteristic of the lease agreement is its bilaterality and consensus. That’s because no one is obliged to sign the document, so it’s a consensual decision.

On the other hand, the contract is also bilateral because it designates the duties of both the owner and the tenant during the term of the document.

Lease time

The lease agreement may also be valid or valid for an indefinite period. This issue depends on the agreement reached between both parties.

Each of the aforementioned modalities has specific rules, which vary according to what was established between the owner and the tenant of the property.

Cumulative and continuous

Finally, the lease is defined as cumulative and continuous. This means that the rent amount must always be defined before the contract takes effect and must be paid after the document is validated. So it’s cumulative.

Continuity refers to the tenant’s obligation to pay rent every month during the period established in the contract.

Rights and duties of the property owner

As well as the characteristics of the contract, the Tenancy Law determines the rights and duties of the property owner during the lease.

Owner rights:

Receive the rent on time;
Receive the property in the same condition in which it was delivered to the lessee.

Owner’s Duties:

Pay taxes and the property tax (Imposto Predial e Territorial Urbano) of the property;
Carry out maintenance on the structure of the property, when necessary;
Deliver the property to the lessee in conditions suitable for housing.

Rights and duties of the lessee of the property

The Tenancy Law also determines the rights and duties of the lessee during the term of the lease.

Renter’s rights:

Receive the property in perfect condition.
Exemption from payment of extraordinary condominium fees, in the case of renting an apartment.
Reimbursement for renovations and improvements.
Sales preference.

Renter’s Duties:

Pay the rent properly.
Pay bills and fees, such as electricity and water.
Use the property responsibly and in accordance with what was established in the contract.
Return the property to the owner in the same condition in which you received it.

What is the step by step to rent an apartment?

Before renting an apartment, it is important that you check out the step-by-step guide so you don’t make any mistakes.

Assess your needs

Before renting an apartment, Look for Rudn Enclave Dam View City Executive Block, you need to assess your needs. Choosing a property depends on numerous factors and, therefore, you cannot only consider the structural aspects of the place.

Therefore, it is important that you, first, check which is the ideal location. If you work or study in person, it is interesting that the property is not located in a very distant location.

In addition, it is necessary to punctuate your preferences and goals with the property. If you want to live comfortably with your family, for example, you need a larger apartment with more than one bedroom.

Calculate how much you can spend on rent

Before starting to search for properties that suit your preferences and needs, you should calculate how much you can spend on rent, considering your monthly income – or that of your family, in case the monthly fee is going to be split.

In this regard, it is important to consider that, when renting an apartment, you will not only have to pay the rent of the property, but also the payment of the condominium fee and taxes provided for in the lease agreement.

When planning financially, consider the gross amount you receive monthly. According to economists, the ideal is that rent and other expenses commit, at most, 30% of the family’s income.