The housing for rent in Mexico it has a deficit of legal guarantees. In the country, it is estimated that currently 5.8 million households they are rented; however, just over half (54%) lack a contract formal lease, which can be detrimental to both the lessor and the lessee.
According to the Morada Uno startup, focused on providing solutions to real estate advisors and professionals, many times contracts of rent of a house or apartment are verbal and even resort, through the Internet, to documents of immediate access that lack the necessary formalities to be considered a contract valid.
“You have to consider that legal advice for drafting a contract Leasing can cost around 5,000 pesos. In this sense, proptech companies have come to facilitate the processes and offer guarantees both in the sale and rental of real estate”, explained Santiago Morales, director of Morada Uno.
Depending on the platform, a leasing contract It is defined as a document by which a party grants the temporary use and enjoyment of a good in exchange for a certain price.
“In some eventuality, execute the contract Going to court is the only way to resolve it. When you only have a verbal agreement as backup, the procedure becomes much longer,” the firm detailed.
In this sense, Morada Uno stressed that said contract It is an agreement of wills, where the lessor declares that he has possession and ownership of the property, while the tenant declares who he is and that he is willing to take the property.
Under this premise, it is necessary that the contract cover the following aspects:
- The object of contractto define for what purpose it is being celebrated.
- The destination, to know what use it will have (home, business, industry, warehouse)
- The amount of the rent, where the amount to be charged must be set and how the form of payment will be.
- The validity of the same, for which it must be considered that there are locks in the law of the temporality of rents, for example, in the housing sector they cannot be less than one year, but they cannot exceed 10 years either; in the commercial branch, they cannot exceed 20 years.
- Adjustment in the price of the rent, since the annual increase in rent, default interest, subletting (or not) of the property, works and repairs, the deposit, among other points, are also agreed upon
- The rescission, which is one of the most important clauses, since it determines the reasons why the contract can be terminated. contract.
Morales stressed that the importance of a contract leasing lies in seeking to protect people’s assets. “If you have your life savings in a property that you decide to rent, you cannot risk renting it with a handshake or a contract of stationery, it is much better to take advantage of the guarantee offered by a technological and financial services platform”.
Morada Uno is a Mexican technology startup for real estate advisors and professionals that aims to guarantee leasing operations to simplify processes.