Source: Freepik Author: Redaction Several of the measures launched by the former governor of António Costa, of the More Housing Program, are now being revoked by the Executive of Luís Montenegro , who has planned a new housing strategy, called Build Portugal. In this sense, among the series of measures of the previous Government that were repealed, the extraordinary contribution of Local Accommodation (CEAL) was one of them, as well as the limits on the duration of temporary tourist accommodation permits. António Leitão Amaro, Minister of the Presidency, said at the end of the Council of Ministers: We repealed a series of regulatory bans and changed others that had the consequence of making past licenses precarious or affecting people who had invested in the past decade before having long-term returns and this trust in investment had been betrayed by the action of the State. Thus, the measures concerning the extraordinary contribution of housing and changes in the coefficient of vestutez have been repealed . The latter, which, in practice, had the consequence of aggravating the IMI of properties in local accommodation, as explained by the minister. The Government corrected, revoked these errors, this punishment and these attacks on local housing, said Amaro Leitão, leaving the caveat that we replaced a punitive, unjust, castrating view of investment and property with a balanced and moderate view that recognizes that there are areas of greater urban pressure and tourist pressure that can make sense more balanced rules . In this way, the Government has chosen to decentralize the management of local accommodation permits, leaving the municipalities in power to make the rules and be the ones to monitor their application and implementation, which allows finding differentiated but more harmonious solutions. According to the Minister, the revocation of CEAL and the limits on the duration of the accommodation permits allows respect for private initiative and private property. It will also be necessary the approval of the Members of the Assembly of the Republic so that this revocation can proceed. Discover other topics like this in SUPERCASA Notícias and stay on top of the event
Source: Freepik Author: Redaction After the approval of several measures in extraordinary Council of Ministers, which took place on Monday, May 27, considerations are emerging from the National Association of Owners (ANP), which regrets the approval of certain measures, the end of the regime of compulsory rental of abandoned houses and the maintenance of IMI aggravated for this type of property. The association considers that these measures do not solve the biggest problem of the houses that are empty , reiterating that the main problem remained unresolved, since the tax is maintained on floors considered as vacant, whether they are intended for housing or any economic activity , without considering the why and the uninhabitable or degraded state in which most of the 700,000 places considered vacant are found . Thus, the ANP considers that the fact that the law provides for the tax increase, which can be up to 10 times higher than the normal rate of the IMI, with 5 to 20 times higher in cases where they are real estate located in areas of urban pressure, is not acceptable, leaving the appeal to revocation of the aggravated IMI on sites considered unoccupied and that do not generate income. According to the association, they will ask for immediate hearings with all parliamentary groups to move forward with this request for revocation. We recommend reading: Expiration of access to rent support: measure is revoked
Source: Freepik Author: Redaction The coercive lease measure was repealed on Monday, May 27, at the extraordinary Council of Ministers meeting. After being created under the More Housing Program , implemented by the previous Government, it now falls apart, according to Leitão Amaro, Minister of the Presidency, for not helping the investment and punishing private property. Today we reviewed, therefore, these forced leasing instruments, said the minister. The repeal of this measure had already been announced at the beginning of the month, since it is contemplated in the Construir Portugal Program, by Prime Minister Luís Montenegro and the Minister of Infrastructure and Housing, Miguel Pinto Luz. In this program, the deadline for the implementation of the revocation of the measure was ten days, and it was fulfilled with the delay of 7 days. This coercive lease measure provided, as announced last year by former Prime Minister António Costa and former Minister of Housing, Marina Gonçalves, that properties classified as discarded, for a minimum period of two years, were placed on the rental market. Through this measure, the State would emerge as a tenant, paying a rent to the owner, with a value 30% above the median fixed for the location where the property was inserted and based, also, the typology of it . Excluded from this measure were only the properties located in low density territories, not apartments, as well as the properties already foreseen in the original proposal. Many criticisms have arisen in the wake of this criticism, now leading to its repeal. Keep up with more current topics with the following suggestions: Commercial real estate: prices rise to a record 5.5%
Source: SUPERCASA Author: Redaction In an increasingly hectic world, where stress and anxiety can be commonplace, having a haven of peace and tranquillity at home is a more common and desirable trend. In this scenario, a garden reveals itself as a private oasis , offering a series of benefits that go beyond aesthetic beauty. Thus, having a garden at home is a refuge for the body and mind, helping with relaxation and well-being, but also as an incentive for physical activities and connecting with nature , making it an excellent excuse to spend more time outdoors and enjoying these kinds of activities from the comfort of your own home. However, the most popular options, especially at a time when summer, popular saints and rising temperatures are approaching, are to use the garden for large gatherings with friends and family, and for themed parties that can bring all your loved ones together. On the other hand, having a garden can also represent a closer contact with nature, since you can use this space to grow fruit, vegetables and/or aromatic herbs, as well as an escape from your routine, making it your hobby. So dont let your chance of having a home like this pass you by and find the perfect place to live through the options we suggest at SUPERCASA . 2 bedroom flat in Oeiras, Lisbon - 355.000€ 2 bedroom villa in Ramalde, Porto - 420.000€ 3 bedroom triplex in Loures, Lisbon - 495.000€ 2 bedroom flat in Porto - 760.000€ Detached House 4 Bedrooms in Albufeira e Olhos de Água, Algarve - 890.000€ 2 bedroom villa in Grândola, Setúbal - 950.000€ Explore also: Leiria: a tour of the Wests most iconic district capital
Source: Freepik Author: Redaction Bartering and selling a house are completely different concepts , which you should understand if you are trying to deepen your knowledge of the property market. With ever-increasing prices and a more restricted supply, buying a house is nowadays a process that is more difficult to access due to the costs and bureaucracy it involves, namely tax charges and the mortgage itself. In this sense, exchanging a house appears to be a somewhat attractive solution, especially when it comes to tax costs. In order to explain exactly what this concept is, weve put together a series of pieces of information that will be useful to you, whether youre thinking of selling or buying a house, and that can help you, as a homeowner or buyer, make the decision thats right for you. What is property exchange? This transaction, which involves a written contract, also known as an onerous contract, involves two parties transferring, reciprocally and simultaneously, their rights over an asset to be integrated, under the stipulated contract, into the respective parties assets. So, in practice, you can interpret a property swap as an exchange of houses between owners . This usually takes place between properties of similar value, but if not, the difference in value is settled. Take this example, for example: Rodrigo and Nádia are two homeowners, each with their own property, and theyve decided to enter into an exchange contract. Rodrigo wants to sell his house for 200,000 euros, while Nádia has her property for sale on SUPERCASA for 350,000 euros. In this situation, they barter, and Rodrigo pays Nádia 150,000 euros, corresponding to the difference in the values of the two properties. What does Portuguese law say about a swap? In the Portuguese legal system, property swaps dont have a specific law , but there are several articles in the Portuguese Civil Code (CCP) and the Municipal Property Transfer Tax Code (CIMT) that regulate this modality, and which stipulate that, like sales and purchase contracts, they must be in writing and signed by both parties. The document must also contain information such as: - Full identification of the exchangers; - Detailed description of the properties exchanged (with information on the area, location, land registry and value attributed to each); - Payment terms for any differences in value between the properties exchanged; - Deadline for delivery of the properties; - Specific clauses, namely regret or cancellation for non-compliance. What steps need to be taken? Firstly, you need to sign a Promissory Purchase and Sale Agreement and, if there are mortgages, ask for a distraint to prove that the debts have been paid off - or provisional registrations of the new mortgages. After this, and if the properties are not of a similar value and a difference has to be paid, Stamp Duty and Municipal Property Transfer Tax (IMT) must be paid. You will need the following documents: - Identification and tax number of the contracting parties; - Permanent Land Registry Certificate; - Caderneta predial urbana (urban land registry) or request for the building to be entered in the matrix (IMI model I); - Licence to use the property - if this is after 30th March 2004, you must also submit the Housing Technical File; - Energy Certificate; - Proof of payment of Stamp Duty; - Proof of payment of IMT. Once all these documents have been assembled, the deed is drawn up, which can be done through the Casa pronta Service or using an Authenticated Private Document. Advantages and disadvantages Property swaps can be both advantageous and have some disadvantages, which well list below. Positive points - Cost savings; - Agility in the process; - Possibility of exchanging your home for a property with specific characteristics. Negative points - Difficulty in finding a property equivalent to the one you want to exchange or sell; - Need to invest in remodelling work, if applicable; - Tax implications. However, whatever your decision, being aware of the positives and negatives of this type of transaction, you should understand that the help of a specialised professional will be essential to the process , namely a lawyer specialising in r eal estate law or a real estate agency specialising in this type of business. With this help, youll be able to obtain valuable information tailored to your situation and property options that match your objectives. What should I do if I have a mortgage? If the property you want to swap has a mortgage, you need to consider very specific and significant changes to the property that serves as collateral. This could be a time to renegotiate your credit, if the conditions are met . Inheritance or co-ownership situations: how it works In situations where there is co-ownership as a result of inheritance, exchanging shares can enable the fair and full acquisition of the inherited property. Lets take an example: Tânia and Catarina are sisters, co-owners of two properties in equal shares, 50/50. By exchanging their shares, they will be able to become the exclusive owners of one of the properties, each taking the proportion of their shares. Thus, the exchange is a fair solution for the division of assets , which works amicably, avoiding conflicts and the need for a forced sale of one of the properties. However, it must be understood that it only works if there is an agreement between the heirs, which must be formalised in writing and contain all the information relevant to the exchange, such as the description of the properties, values assigned and specified conditions. In co-ownership, exchange can be a solution for unlocking a property when there is no agreement on the sale . So you know: exchange can be an excellent option in the situations weve presented, allowing for lower tax costs and conflict resolution in the case of co-ownership. Ask a real estate agent for more information if you have any doubts and find your dream home! SUPERCASA can help you. Click here to find your nearest estate agency.
Source: Freepik Author: Redaction Both the purchase and the sale of a house require a series of documents that, at the outset, must organize and request so as to be able to monetize any of the processes, which have their particularities and requirements. If you are thinking about buying a house, we suggest reading the article The 10 steps you have to take before you go ahead with buying a house or if, on the other hand, you want to sell your property, we advise the first of several articles with useful information: You have a house you want to sell: what should be taken into account? What is the Toponymic Certificate? This certificate, officially issued by the City Council, contains the information that certifies the street name(s), building numbering(s) and/or the parish of the property in question, as well as possible changes that can be contemplated. It is an extremely important document since it can correspond current elements with previous elements , verified on the spot or registered by local entities. In this type of certification, toponymy is mandatory, which corresponds to the name of the street, lane, avenue, etc., the numbering of the building and the parish, and must be presented at the conclusion of a promise-purchase and sale contract, but also in the deed , where changes to the address have been made. Where can the Toponymic Certificate be applied for? Please note that this certificate can only be requested by the legal owner of the property or by the tenant - for the purpose of changing address -, in the City Hall where the property is located, online, postal, telephone, face-to-face or by email. The documents you will need, requested by the City Council at the time you make the request, are as follows: • identification of the applicant and his household; • Copy of the Land Registry, through the Conservatory • Copy of the Building Book • Location Plan with the building identified (recommended to scale 1/200) • Lease agreement, if applicable in the case of the tenant of the property. The toponymic certificate will be delivered to you by the City Council within 10 to 30 days, however, it can also be requested as a matter of urgency, and may take up to 3 working days. The certificate will only have to be paid when the toponymic changes have not been made by the City Council and when an application is requested as a matter of urgency, for which a fee is allocated. On the other hand, if the changes come from other bodies or people, the certificate has a cost, which can vary - up to 20 euros if the application does not involve travel, and up to 30 euros if a face-to-face visit was required. What exactly is this certificate for? Purchase and sale of real estate The Toponymic Certificate will be required in any of these situations, since it contains updated information regarding the location of the property. It is thus mandatory in the deed and in the registration of the purchase and sale. Proof of address If you want to open a bank account, you may be asked for this certificate, as it serves as proof of the address where you live. Cadastral changes In situations where the names of the street, building number or the parish of the property have been changed, the toponymic certificate must be updated, so it can be requested for this scope. Obtain licenses and authorizations You may be asked for the certificate in certain municipal and public services, in particular in response to construction permit processes, commercial registration, car registration, updating of records, among others. For legal issues The toponymic certificate can be fundamental in usucaping processes, inventories or legal processes. Hiring services This certificate can be requested by service companies such as internet, gas, electricity, water, among other services, as a proof of customer address. Thus, this is a central document for various processes, but especially in the purchase and sale of home, as it serves as official proof of the location of a property. In this context, it is a document that must be kept up to date. Other questions you may have: Right of preference: to whom does it apply and how does it work?
Source: SUPERCASA Author: Redaction Property acquisition is certainly one of the most crucial stages, standing out as the cornerstone of the success of any real estate broker. It is the art of identifying, capturing and negotiating properties with potential to meet the needs or ideals of buyers, tenants or investors . More than a simple transaction, the fundraising is the construction of bridges between dream and reality, asserting itself as a process that requires insight, knowledge and resilience. It is factors such as winning the trust of the owners, knowledge and experience, and the notion of being in the right place and at the right time , that make this a process so complex and challenging, especially for new professionals who enter the market. Some of the most striking challenges for professionals at a fundraising stage are competition , which is fierce, and the objections and frustrations often felt throughout the process. However, to achieve success, you can, and should, improve your knowledge and be accompanied by platforms that simplify your day-to-day. Today you will know how, in a simple and intuitive way, you can create raising routes and be the first to reach the properties that have just entered the market. 1. Stop searching online only If you look for more real estate than there are on portals or real estate sites, your window of opportunity will open up exponentially. We know that it is not easy to find this type of information , and also that your available time, as a consultant, is reduced, however, there are platforms that can help you. With exclusive private properties, the optimization of your time will be a given , while receiving more opportunities, because you will have a quick way to know where you should, exactly, find the new properties that arise . 2. You no longer need notebooks to point your routes In the day to day of a consultant, especially one who walks on the street, door to door, it is easy to fall into disorganization. Many professionals still use old and dated methods to make their records , both routes and performance, but the truth is that, with the evolution of technology and the tools that are within their reach, it is already possible to make all this registration in a single platform, that may even have integrated with your management CRM , and thus monetize time, make data analysis more efficient and maintain a history of reliable and organized information. 3. Looking for contact plates and references? Simplify Online prospecting, as well as street prospecting, are essential parts of a professional’s daily life, and it is normal that he spends hours looking for contacts, new owners entering the market, sales plates of a new property, or any indication that allows him to reach the end of the day with the feeling of accomplishment for having succeeded in his tasks. However, this whole process can be equally exhausting and fruitless, because often there is not so much information in sight, and it is necessary to look hard to find it. But it’s not necessary, and we’ll tell you why. Infocasa - As Minhas Rotas, have you heard of it? For all the challenges we have presented to you, Infocasa - As Minhas Rotas offers a solution. You can develop real-time prospecting actions, get alerts of new properties entering the market while walking down the street, define routes according to your goals, activate alerts, record notes and information, among many other possibilities. With Infocasa - As Minhas Rotas, you only need a mobile device and the will to explore all the possibilities! If you have a team, you can consult not only your routes as the agency or the team and view the notes created on each property, getting the most information about each fundraiser. But the most important part is that, through this platform, you can set alerts and identify all the properties of individuals that are for sale in your area, as well as identify the opportunities created by each consultant of your agency , and also consult the ranking of fundraisings carried out by a consultant. Briefly: • Develop real-time prospecting actions; • Identify all private property for sale in your area; • Set routes and add notes with useful information; • See fundraising rankings; • Analyze the paths that have already been taken and their duration; • Identify opportunities created from the tool. Technology will be your ally in the optimization and success of your work, organizing and allowing a follow-up of customers. Use Infocasa - My Routes masterfully and show that you are up to your competition!
Source: Freepik Author: Redaction The new housing strategy of Luís Montenegros government has already been presented and, under the name Construir Portugal: Nova Estratégia para a Habitação (Building Portugal: New Strategy for Housing), it includes 30 measures that aim to address and respond to the vulnerabilities felt throughout the country in terms of housing supply. The National Landlords Association (ANP) considers, however, that t hese measures do not cover the truly important issues , and even points out that, with regard to renting, it seems that there is a lack of knowledge of the matter. As António Frias Marques, president of the ANP, points out, the idea is that in relation to urban rentals, which is what concerns us the most, there is a lack of knowledge of what is going on. The head of the association mentioned some measures, pointing out, for example, that with regard to renovation work, it is stated that there is a reduction in VAT to the minimum rate of 6 per cent , whereas this was a measure that already existed . As for the governments initiative to re-establish confidence in renting, namely with the measure that repeals coercive renting, or the guarantee and replacement of the state as a tenant , Frias Marques emphasises that there has never been the administrative machinery to make this work. One of the criticisms levelled was the omission of measures on rents for contracts prior to 1990, pointing out that there will continue to be around 200,000 rents of less than 50 euros . As far as taxes are concerned, António Fria Marques points out that the whole of Lisbon is considered an urban regeneration area and there, whether its a house or a shop, the owner is penalised brutally in terms of IMI. A shop that would have had to pay an IMI of 70 euros, as it has a penalty, will pay 700 euros. He added: Its one of those things that it would be good if someone looked at, because Lisbon is full of empty shops, and its not because the owner wants them to be, its because there really isnt anyone to rent them out. He concluded with a comment on vacant properties: in Lisbon there are around 100,000 houses that are vacant, but theyre in such a state that no one goes inside and the poor owner is trying to find the money to do the work. Read also: National public spending stands at the equivalent of 42.3 per cent of GDP and Most Construction Sector indicators grew
Source: Pexels Author: Redaction The decision to buy a house should be weighed and analyzed . Being a large investment and with a series of steps and associated bureaucracies, this is one of the most important changes and decisions in a person’s life, representing a milestone. Because it is an investment that requires a lot of financial effort and some patience to find the ideal home, it is recommended that you think before starting the process, in order to obtain as much information and knowledge as possible. Being a somewhat time-consuming process, doubts may arise regarding the various stages in a purchase process, however, to help and keep you informed, SUPERCASA prepared the guide of the 10 steps to take before jumping into the purchase of a property. Write down our recommendations and make informed decisions. 1. Buy or rent? The first decision If you are looking for a place to live, whether it is your first home or you need to change homes, you should think about your options, with the possibility of buying or renting . In both situations, and as in all the decisions you will have to make throughout your life, there may be advantages and disadvantages. When choosing to buy a house, you will be, at the outset, making a more important decision, because it is necessary to understand that it takes several steps to effectively have your property, and still a large capital available in order to be able to bear the costs with the purchase, including initial entry and taxes. On the other hand, deciding to rent a house is a lighter decision, without so much commitment, because it will be enough to find the right property for you and make a lease with the landlord , it is a much simpler process and does not require so much investment. Weigh the powders and cons, measuring your financial capabilities for any of the situations, and consider what can compensate you in the long run, considering that by becoming the owner of a property, you must also ensure maintenance costs, annual taxes, insurance and, if you need a credit, monthly installments to the bank. 2. Want to buy? Then know that you need to save If you really want to go ahead with buying a property, you need to consider that it is not enough to enter a bank and apply for a loan. In these institutions, their financial capacity will be analyzed, their effort rate will be calculated and their abilities to become, or not, the owner of a property will be validated. The most advisable thing is that if you are thinking of buying a property, start saving as soon as possible. With time, you’ll have room for manoeuvre to amass as much capital as possible, gathering, if all goes well, enough for an entrance. Banks do not finance 100% credits, and the owner has to enter at least 10% to 20% of the capital. So make sure you are qualified for this expense, considering that in the long run you will always have to raise money to secure maintenance and tax expenses. 3. Analyze well the location of the property where you want to invest This is a very important point, and on which the attention it should not so often fall. And it’s important because when you decide that you want to buy a house, you have to make sure that you choose the right geographical area for yourself and your professional or family ambitions . In addition, taxes such as IMI vary according to the municipality where you live, so it is important to research the values practiced, find out about the rates and make sure that you choose an area suitable for your needs. Calculate how much it can cost you to live in a certain area, taking into account the accessibility, need to use or not, transport, cost of living and offer of amenities and public services. And finally, when analyzing well the location of the property where you want to invest, you will also have an idea of how your neighborhood will be, avoiding possible problems in the future , if you do not identify with the neighborhood or the area where you chose the property you want to buy. 4. Check that there is no burden on the property At a stage where you have already decided to proceed with the purchase of a property , it is important to make sure that there is no burden on it. That is, it must confirm that there are no debts associated with that property, of former owners, in order to avoid assuming a debt that is not yours. To confirm this situation, you can go to the Land Registry Office, online or at a service desk, requesting the Certificate of Content. In this document, you will have access to everything that concerns the property, including possible debts, liens or mortgages that may be associated with it. With this document, you can also check whether or not there are associated heirs, or lease or usufruct contracts by third parties , ensuring a clean registration of the property before buying it. If there is any registration of a mortgage, it should be canceled and may request this intervention in the Finance. 5. Find out about condominium expenses There are properties that, being within an urbanization or in the case of building fractions, have themselves associated with the mandatory payment of condominium. It is a monthly fee that will serve to ensure the maintenance of common spaces for all residents, such as swimming pools, elevators, gardens or parks. Before proceeding with any contract-promise purchase and sale, inquire about the condominium values and try to understand how payments work , whether or not there are condominium meetings, and how the dynamics of housing in which you are interested will work, including information on which spaces may or may not benefit. 6. Find out about insurance In addition to the other obligations with condominiums and mortgage payments, you will have to ensure the two types of compulsory insurance in the purchase of home, which are life insurance for housing credit and multi-mortgage insurance. These two insurances are required by the financial institution as a risk guarantee and can be made through the bank with which it contracted the credit or with partner insurers or insurance companies. It is important to try to get several proposals for insurance, as the values will certainly vary from entity to entity. Do the calculations, inform yourself thoroughly about your duties and obligations and make the right decision for you and your wallet. 7. Analyse the market Whether you want to choose the ideal home or to get the best conditions in credit or insurance, it is important that you analyze the market to understand the best options at your disposal . When looking for a home, we recommend that you look for the services of a real estate agency to help you find the right property for you, within what you are looking for. These professionals have access to database platforms that can do comparative market analysis, with access to all the properties that are available in the market, and present you with the best options. Thus, you will have alternatives and options within your budget and needs, allowing you a more thoughtful and accurate decision . 8. Make sure you visit the properties and are aware of their state of conservation Do not make impulsive decisions. Buying a house is a decision that must be made with great caution, a lot of information and certainty. So, visit as many properties as possible, not just one or two options. It is important to pay attention to the state of conservation of the house, making sure that it is in good condition to avoid having to do works in the future , if you want a property ready to live. And if you want to effectively do remodeling, make sure that they are possible, analyzing projects taking into account the typology of the house. 9. Gather the necessary documents If you already know exactly which house you are going to buy, we advise you to gather the necessary documents for the formalization of the contract and deed. The amount of paperwork required in this process is still some, so it is important to be aware of what is needed for this completion. The main documents you will need are your identification document and last three payroll receipts , as well as the IRS statement and settlement note; updated credit statement , which you can request at the bank; a statement from the employer indicating his employment relationship and the date of expiry of the contract , as well as the amount he receives monthly; the bank statement of the last three months; the proof of the NIB ; the property registration certificate and the property bookle t; and finally, proof of address. 10. Ask specialized professionals for help Buying a house requires a lot of knowledge and experience, namely to be able to find the right property and be able to proceed with negotiations with the owner. So, to make sure everything goes smoothly and quickly, you should look for an agency or real estate consultant who can help and advise you throughout the process . Real estate agencies have their own property portfolios and often credit intermediaries who can guide you through the necessary bureaucracies, facilitating the whole process and telling you exactly what you need to do. Thus, when hiring these services, you can rest assured that you will have a good experience and find the ideal home for you. SUPERCASA provides you with the list of all the agencies and consultants that disclose on the portal, being able to search for your area of residence and get the best services and advice. Check them out here . And do not forget: look at the main real estate portals, such as SUPERCASA and CASASAPO , and see the ads that appear to you with virtual visits and videos, so you can have an immersive experience even before the visit. Only the best agencies advertise on these portals, so you will certainly have a good experience and ease in finding your dream home!
Source: Freepik Author: Redaction Before proceeding with a rental process, there are a number of rights, duties and bureaucratic steps that are important to consider in order to ensure the safeguarding of the parties involved. There may be costs associated and some care to be taken, so it is important, even before proceeding with the signing of a contract, to know exactly the procedures necessary to know what you are going to get into. What are the obligations of a landlord? Before entering into a lease, be aware that there are legal obligations that a landlord must ensure, namely the obtaining of the energy certificate of the property, which is mandatory according to Decree-Law 118/2013 of August 20. However, it does not stop here, because it is also up to the landlord to set the price of rent to be charged , through calculations that will assess the monthly expenses that he has with the property he wants to rent, and which will focus on taxes such as IMI, on rents, but also on insurance value, maintenance expenses, condominium fees and the value of the mortgage loans, if applicable. Many of these expenses, despite being deductible in the IRS, will be added to total the amount of rent to be collected, safeguarding the expenses that landlord has for the property. This income calculation can be made based on the Housing Rents Statistics, which you can find on the website of the National Institute of Statistics. In this platform, you can consult the values of rents practiced in new lease contracts, as well as the average prices per square meter, in the various national locations. Lease: what is it? After weighing all the aforementioned variants, knowing exactly what your responsibilities as a landlord are, you can proceed with the lease agreement, a document that stipulates the rights and duties of the parties involved (landlord and tenant). In this document, the rights and obligations of a guarantor may also be stipulated, if applicable. It is important to bear in mind that this is an important document with several legal responsibilities to you, so it is advisable that you ask for help from a lawyer or solicitor to review the stipulated information or hire your services for its preparation . All constant information must be clear and correct to ensure compliance with the law. To enter into a lease, as a landlord, you will need to ask the tenant for your personal identification documents, the last IRS statement and the last payslips. The same applies if there is a guarantor. The owner must provide the following documentation: • Building book/certificate of content • Energy certificate • License for housing How to draw up a lease? A rental agreement will only be valid if it contains certain mandatory information , and therefore, to ensure that everything complies with the law, you should consult a specialized professional to help you with the revision of the clauses. After everything validated and signed between both parties, you can submit it on the finance portal. But first, find out what you can not miss. Identification of the parties involved in the contract Even before the drafting of the contract you must have on your side all the necessary information about your future tenant, including full name, marital status, citizen card number and its validity, taxpayer number, place of birth, address and date of birth. This is the information that you will need to fill out in the first paragraph, identifying yourself and the tenant with this information. 1st Clause - object of the contract In this clause, it will identify the object for which the contract is being concluded, which corresponds to the property. Thus, it must indicate all the elements that identify the property, and that must correspond to the letter of the autonomous fraction, floor, street name, building/door number, parish and county. It must also indicate the number under which it is identified in the Land Registry, the article of registration in the property matrix and the number, date, and municipality where the housing license is registered. 2nd Clause - purpose of the contract Here you must indicate the first grantor, who will be the owner who rents, and the second grantor, corresponding to the tenant who takes the fraction identified in the first lease clause. It is also in this clause that it indicates for what purpose the contract is intended, indicating that the housing of the second grantor is exclusive. 3rd Clause - term of contract It must stipulate the duration of the contract , which by law is at least 1 year, with renewal to 3 years later. 4th Clause - values Indicate in this clause the amount of the monthly rent to be paid by the second grantor, as well as the day of the payment limit and the means of payment , but also the amount of the security deposit and the anticipated rents you want to receive. By law, only up to two advance rents and a single security deposit can be required , which can amount to two rents. 5th Clause - associated expenses This clause stipulates who must pay expenses related to electricity, water, gas, telecommunications and others . It can be either the landlord or the tenant, however, it is information that must be included in the contract, defining the obligations of each party. 6th Clause - sublease and assignment It is stipulated in this clause that the property cannot be subfiled or assigned by the tenant without the express consent, and in writing, of the owner. 7th Clause - information on works It is stipulated here who is responsible for carrying out improvement works on the property , in order to avoid future misunderstandings. It is usually the tenant who is responsible for this type of interventions, having the prior written authorization of the owner, except for urgent repairs. 8th Clause - conservation of the property At this point, it is indicated the obligation of the tenant to proceed to the preservation of the property, keeping it in the state in which he found it, namely its facilities, plumbing, walls, floors, paintings, appliances, housing stuffing, among others. 9th Clause - Inventory It must indicate that a survey was made to the property, in the presence of the tenant, in which a list of the complete inventory and the state of conservation of the property was prepared. This is information that should be attached to the contract to safeguard both parties. 10th Clause - Rental Law Here will be indicated the law currently in force in Portugal, with the appropriate updated legislation . 11th Clause - duties In this last clause, it must be stated that the tenant agrees to all the clauses of the contract and undertakes to respect and comply with everything that was stipulated in full . If applicable, you are also committed to respecting the condominium regulations, with a declaration attached to the contract. Optional clauses In addition to the clauses we have already told you about, there are others that may include the lease agreement and that may apply, for example, in the presence of animals at home, but also on bail, if there are guarantors. The most common concerns the conditions in which the owner can make visits to the property, which must be moderated, but still allow the landlord to access the property in specified situations and agreed by the parties. The contract shall be valid once it has been signed by the parties involved and shall show at the end of the contract the place and day of its conclusion. Submit the contract in Finance: how to do? Once concluded, the contract must be delivered by the landlord to the Tax Authority within 30 days, which can be done directly at a counter of a tax office or online. Care to be taken Renting a house can mean a stable and profitable source of income for the landlord who owns the property, however, should pay attention to implicit care to avoid problems. Before proceeding with the signing of a contract, make sure that you find the right tenant, taking the time to know the profile of the person or household interested , and meets the necessary conditions to ensure the payment of the rent and associated expenses. Defend your rights by also ensuring your obligations, and make a thoughtful and informed choice. If you want more useful information about renting, we suggest you read Will you be a tenant? Precautions to take before and after , Rules of sublease: know them all and Mandatory insurance for landlords and tenants: find out
Source: Freepik Author: Redaction The government has decided to extend the deadline for clearing woodland and land by another month , until May 31. The decision was announced by the office of the Minister of Agriculture and Fisheries in a statement released on Tuesday (April 30, 2024). The extension of the deadline was justified due to the weather conditions recorded in recent months , which included abundant rainfall and water-saturated soil, making fuel management operations difficult and accelerating the growth of vegetation. According to the statement, weather forecasts for May indicate favorable conditions for carrying out these activities safely. Vegetation management is crucial for preventing rural fires and protecting lives and property. The government statement emphasized that this measure is an integral part of the integrated rural fire management policy, aimed at reducing the number of annual occurrences. In addition, the government has identified 991 priority parishes for fuel management inspections in 2024. The clearing work was originally due to be completed by April 30. Enforcement will be carried out until June 30 in strips adjacent to road networks and other strategic locations. The National Federation of Forest Owners Associations (FNAPF) had already expressed concern about the difficulty of meeting the initial deadline due to adverse weather conditions and a shortage of manpower. The president of the FNAPF, Luís Damas, advocated extending the deadline to the end of May or mid-June due to prolonged rainfall and a lack of human resources. Also read: Land registration: how to locate and register? and What are the fines for those who dont clear land?
Source: Freepik Author: Redaction The rental market in Portugal has undergone significant changes with the introduction of Mais Habitação . One of these changes affects dwellings rented before 1990 that did not transition to the New Urban Lease Regime (NRAU), which will now no longer make the transition. In addition, the law provides for new monetary compensation for landlords who receive old rents. How this compensation is obtained With the entry into force of Decree-Law 132/2023, landlords can qualify for monthly compensation if the monthly rent of the lease is less than 1/15th of the propertys tax value (VPT), divided into 12 months. This compensation is exempt from taxes and social contributions. How is compensation calculated? To calculate the compensation, the VPT is divided by 15, then this result is divided by 12 months. Then the monthly rent is subtracted from the result obtained. For example, for a residential lease contract signed on 15/08/1990, with a monthly rent of 250 euros and a VPT of 63,000 euros, the landlord would be entitled to compensation of 100 euros per month. How can landlords apply for compensation? Landlords wishing to benefit from this compensation must submit an application to the Instituto da Habitação e da Reabilitação Urbana, I.P. (IHRU), from July 1 of the current year, with the necessary documentation. The IHRU will then have 30 days to communicate its decision and, if granted, the effects will be retroactive to the date the application was submitted. Final considerations Compensation is awarded for a period of 12 months and may be renewed provided the requirements are met. The amount of compensation may change due to the annual updating of the rent. Payment of the compensation may cease earlier for various reasons, such as termination of the contract or expiry of the right to compensation. Follow this and other topics in SUPERCASA News
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