Complete service package available – Lease agreement + rent registration + lease attestion form (Only required if the tenants are TCNs)
Why do I need a lease agreement?
When leasing a property, both lessor and lessee must have their mind at rest that any agreement between them is clearly expressed in writing so as to leave no grey areas which could in the future become bones of contention.
Therefore, it is advisable to draw up the lease contract before an impartial professional who can advise the parties on the legal implications and lead them to fair and balanced compromises regarding the conditions of the lease.
Since January 2010, a lease will have no legal validity unless made in writing and unless the minimum requirements imposed by law are observed.
Rent Registration Service
The system is overseen by the Housing Authority, which mandates that all private rental agreements are registered to avoid informal arrangements and ensure tenants’ rights. Here’s how it generally works:
- Mandatory Registration: Landlords must register any rental agreement with the Housing Authority within 10 days of the start date. This requirement applies to both short-term and long-term leases, with specific conditions for each.
- Rental Contracts: A written rental contract must be established, outlining the terms agreed upon by both the tenant and landlord. The contract includes details such as the property type, rental duration, rent amount, and payment terms.
- Registration Process:
- Online Submission: Landlords are typically encouraged to register their contracts through the Housing Authority’s online portal. This allows for easy access and processing of documents.
- Document Requirements: The landlord needs to provide the rental agreement, their personal identification, property documents, and details of the tenant.
- Fee Payment: A nominal fee is usually required for registering the rental contract.
- Protection and Regulations:
- Tenant Rights: Registered leases safeguard tenants’ rights, giving them access to dispute resolution if issues arise with the landlord.
- Rent Stability: For long-term contracts, annual rent increases are capped at a maximum percentage to prevent exploitative increases.
- Enforcement and Fines: Landlords who fail to register a lease may face fines, and unregistered contracts could be deemed unenforceable in the case of a legal dispute.