Source: Adobe Stock Author: Redaction Renting a furnished home can be advantageous or not, depending on your life goals and ideals, both in the short and long term . On the one hand, it offers the convenience of moving quickly, without the need to transport furniture, and can be a more economical option in the short term , however, the lack of customization of space and the possibility that the furniture is not in optimal condition are some of the drawbacks. To know which of the options is the most suitable according to your profile, and so make the right decision for you, we show you the ways and cons of renting a house, with or without furniture. Houses with furniture The advantages Furnishing a complete house can be quite expensive , requiring a general evaluation of the budget you have available before you can even move forward, given that, through the amount available, it may be more advantageous to rent the already furnished house. So, one of the advantages is saving your savings. It is also worth considering the period for which you will need the lease, because if it is for a short period perhaps the ideal is to opt for a house that is already furnished , because if there will be a change of space, you will have less things to transport, sell or find a place to store them. The speed of moving to the new house should also be taken into account , since if the house has furniture included, it will be ready to receive it as soon as the bureaucratic part is handled. The disadvantages Wear and tear is a natural thing, so you should consider that the idyllic idea of everything new may not be true if it is an old property with original furniture. You may eventually be lucky enough to rent a new property, with recent furniture, however, the most common are houses with old furniture, with much use, and therefore more worn. The limitation of choice is another point, and the large pieces already make the environment, which will force you to put your personal taste aside. You can naturally give your personal touch to the decor, but it will never be exactly as you idealized. Houses without furniture The advantages One of the advantages in renting unfurnished houses is the negotiating power that gains in the value of the rent, being able to claim that the landlord does not have the house ready to inhabit. This type of rental is ideal for longer leases, leaving you with creative freedom to choose the setting where you want to live and adapt it completely to your lifestyle , giving your personal taste to the space. The disadvantages The initial financial effort will be high, since furnishing a house is currently not cheap . So, you should look at your finances and realize what is the working fund that will be available for the purchase of furniture, as well as the value of rents. In addition, there is the question of what will do if you leave the house that you have furnished, which can entail large moving costs and mean other increased expenses. However, you can always try to come to an agreement with the landlord and propose to sell the furniture. Have you got an idea of which option is most advantageous for you? To help you with other questions, we suggest the following topics: Are you paying rent? Find out about saving strategies , Eviction action: understand how this situation works and What does the law say about landlords who do not pass receipts?
Source: Freepik Author: Redaction Landlords with rents prior to 1990 will be able to access the help service created by the Lisbonense Association of Owners (ALP) for the request for compensation of the Tax Asset Value. The purpose of this service is to respond to the difficulty and complexity of the process , especially for landlords who, for the most part, are over 70. The process is extremely complex and difficult and we are talking about a fringe of owners over 70 with little or no digital literacy , says Diana Ralha, Director of APL. In this situation, there are thousands of landlords without the resources or knowledge to apply alone , aggravating the difficulty of the procedures and requirements established for the process. Among the requirements is, for example, the presentation of proof of IBAN with digital signature or certified by a notary, but also the requirement of the property certificate dated December 28, when the property certificates withdrawn now in July have the date of July and not what is required . There is also the issue of small print , as Diana Ralha points out, which focus particularly on the fact that compensation has to be claimed annually, and the years of annual rent increases, under the legislation, require communication within 30 days . Other topics that may interest you: Reduced mobility: Lisbon approves measures to improve access , Rents for municipal housing in Lisbon will not rise this year and What does the law say about landlords who do not pass receipts?
Source: Freepik Author: Redaction In Portugal, an eviction action is a judicial proceeding aimed at ending a lease, forcing the tenant to vacate the property, and it is an action that can only be initiated in specific situations, provided for in the law, so it is important that you know the appropriate legal procedures and protect yourself if you are a tenant of a rented property. According to Article 1083 of the Civil Code, this situation can be carried out by landlords in the following contexts: • Because there was no rent payment; • Non-compliance with the rules of good neighborhood, quiet or hygiene, having been violated the rules of the condominium regulation; • Illegal use of the building for a purpose that undermines good customs or public order; • Use of the building for a purpose other than that for which it is intended; • Do not use the house for more than 12 months; • Total or partial, temporary or permanent and onerous or free assignment of the enjoyment of the building, when ineffective, illegal or invalid with the landlord. Thus, if a tenant is in arrears with the payment of rents, the landlord can initiate an eviction action after the 3rd month of delay, without the need for notice, but also if other clauses of the lease have been breached or violated, particularly through damages caused to the property, subletting the property without authorization of the landlord or situations that put the security of the building at risk. In the case of the termination of the lease agreement, in some situations, automatically, there is no need for judicial intervention , because it is a cession situation, however , if there is resistance on the part of the tenant to leave the property, the landlord can ask the court to order the eviction of the tenant . It is important to note that, even before resorting to the judicial route, a landlord must try the extrajudicial route, seeking a negotiated solution. How does the extrajudicial eviction process work? First, it will be necessary to execute an extrajudicial notice, which is the notification to the tenant in writing, informing him of the reason for the eviction and granting him a deadline to regularize the situation, in case of non-compliance for more than 3 months. This notification may also be through a legal representative, namely a solicitor, lawyer or execution agent, through registered letter and with acknowledgement of receipt. Once the notification is sent, the tenant has 1 month to settle the payments . However, if the default is maintained or the values are not refunded, the lease is automatically terminated, and the tenant has to return the property to the landlord . If still refuse to do so, the tenant can be evicted, putting into action the special eviction procedure . What is a special eviction action? In this situation, the eviction is carried out through a procedural means for the realization of the termination of the lease, applicable when the tenant refuses to leave the property on the date provided for by law or as a result of the agreement between the parties. In Portugal, the special eviction action takes place, first, through the communication of the termination of the contract, based on the non-payment of rent for more than 3 months or for a delay of more than 8 days in the payment of the amounts, for more than four times, followed or interpolated, in the period of 1 year, being made the revocation of the contract, which ends up expiring by the term. It may also expire, as opposed to renewal, or by denunciation for housing of the landlord or family members of the landlord, by free denunciation, profound works or even by denunciation of the tenant. To perform a special eviction action, the landlord can resort to the Tenant and Landlord’s Desk (BAS) before going to the courts, but can only be used if stamp duty has been settled and rents have been declared by the landlord . The steps of the dump shall be: • Notification to the tenant, either electronically from the BAS or on paper, by completing a form. Alternatively, notification may be made by a legal representative; • Inquilino has 15 days to vacate the property or, if applicable, to pay the rent due; • If there is opposition from the tenant to the eviction, this power requires the deferral of the occupation of the property . From here, there are two alternatives 1. If there is no opposition on the part of the tenant , the title of eviction of the property is issued and the landlord can effect the eviction immediately, giving the tenant 30 days to remove all his property. If this period is exceeded, the goods will be considered abandoned. On the other hand, if the tenant refuses to leave, the landlord will have to appeal to the court through a court order. 2. If the tenant objects to the eviction on grounds of unfounded, a judge must intervene through special and urgent judicial proceedings. In this case, and for the opposition to move forward, it is mandatory that the payments of the security deposit, justice fee and deposit of the past due rents are ensured. Can there be no eviction? The answer depends on whether, in addition to the opposition, the deferral of the vacancy has been submitted, for compelling social reasons. In this situation, deferral is decided in court, taking into account the arguments provided by the tenant and the landlord, in particular whether or not the tenant has other housing, the number of persons constituting the household to live in the rented property, their age, state of health and, in general, the economic situation of all parties. If you are facing an eviction action, it is important to seek expert help. And remember that the Portuguese legislation on urban rental is complex and may change, so we recommend reading all the documentation provided by the competent bodies and consulting a specialized professional for advice and updated information appropriate to your specific situation. Inquire about other topics: What is the exchange of a house? Understand this concept , What is the gift in fulfillment? Discover this concept and What is personal insolvency and how to order?
Source: Freepik Author: Redaction The law extending access to the Porta 65 Jovem rental support programme, the amendments to which now provide that a candidate who turns 36 years old during the period in which he receives support, has been published in the Official Gazette on Tuesday, July 2, can also apply, provided that consecutively. If the young person completes 36 years during the period in which he receives the support, he can still apply up to the limit of a subsequent application, provided that consecutive, indicates the diploma, approved last May in the Council of Ministers and promulgated by the President of the Republic in June. Another amendment concerns the extension of applications to young people in cohabitation, aged 18 years or more and equal to or less than 35 years, sharing a dwelling for their permanent residence , in addition to couples of young people not legally separated from persons and property or in a de facto union, residing in the leased, aged 18 years or more and aged 35 years or less, and one of the couple may be aged up to 37 years. These novelties will come into force from September, with no limits on maximum rent, which means that a candidate who has found a house to rent for the amount of 401 euros, may be eligible, since the maximum ceiling of the municipality in which he resides, of 400 euros, will have no effect on eligibility for support. On the other hand, to benefit from the support, the minimum income of the young person or household cannot be more than four times the value of the maximum reference rent , and the prior presentation of a lease or the promise of a contract is no longer necessary. More themes like this: Is landlord with old rent? Already can ask for compensation , Rents of municipal housing in Lisbon will not rise this year and Enlargement of access to Porta 65 Jovem is promulgated
Source: Freepik Author: Redaction Opened this Monday, July 1, the opening of applications for compensation of the Tax Asset Value (VPT) for landlords with rents prior to 1990 , commonly referred to as old rents. According to the Ministry of Infrastructure and Housing, is already available the form that allows access to compensation up to 1/15 of the Tax Asset Value (VPT) of the leased , which must be requested from the Institute of Housing and Urban Rehabilitation (IHRU). IHRU will provide an area dedicated exclusively to the support of landlords, on the Housing Portal, whose form will be available to the public on July 1, says the Executive. What is compensation for old rents? If you have never heard of this compensation, or have doubts about what it is, this is compensation applicable to all landlords with lease agreements prior to 1990, for this reason not passable to the New Urban Lease Regime (NRAU) according to the legislation contemplated in Mais Habitação. This compensation corresponds to the difference between the value of the monthly income practiced and this limit, not focusing on the same income tax of natural persons, nor social security contributions , according to the stipulated diploma, which states that without prejudice to the updating of the value of the rent at the inflation rate in the year 2024, already from July of that year the landlords will be able to present to the IHRU, I.P. the respective request for allocation of compensation. Related to Rent House: Rents of municipal housing in Lisbon will not rise this year , Affordable rents: Porto will draw 27 houses and What does the law say about landlords who do not pass receipts?
Source: Freepik Author: Redaction Paying rent may seem like an obstacle to saving, however, with the right strategies, it is possible to achieve your financial goals and, who knows, save for the acquisition of a property. Find out how you can allocate a portion of your salary to the rent of the house where you live while saving some money for extra expenses or savings for the future. 1. Create a detailed budget The first rule, and the one that should follow to the letter, is the creation of a detailed budget , planning in a clear and objective way the money coming from your income that is applied to expenses. Include cash inflows and outflows, from salary to rent, bills, food, transportation and leisure, and set limits for each of these types of spending . If it’s easier, you can use online tools or applications that help you facilitate the process and keep an organized and updated record of the balance sheet and transactions that are made in your account, including bank applications. 2. Analyse your expenditure Once you have set a detailed budget, with indication of all cash inflows and outflows, try to understand, in fact, what is spending it. This is because, when analyzing in detail where your money goes, you will have a better perception of whether or not these are superfluous expenses. 3. Reduce non-essential expenditure When analyzing your expenses you will have a notion of which you can abdicate, especially if it is expenses such as futile purchases, payments for services you do not use or impulsive expenses that later cause dent in your budget. Do this screening and try to save, being able to use for this purpose the 50/30/20 rule, in which 50% of your salary is allocated to basic needs and income, 30% to desires, and 20% to savings . 4. Invest to increase your income Investing in yourself to grow your income is a suggestion that, in the long run, can bear more fruit than you think. Imagine investing today to receive a return in a year, namely through a course you take, to find a job that gives you a better salary, or even through direct investments in stocks, funds or other sources of viable income. Also, if you have some hidden talent, why not start a hobby that allows you to make money , such as freelancing or crafts? 5. Consider getting roommates If you find it too difficult to pay your rent, you may need to consider finding someone to share your expenses with. This may be the ideal option for students or young adults who wish to have more financial independence. 6. Explore other options If sharing a house with someone is not an option, but you still feel that the rent is too high for you, why not look for a new home? In SUPERCASA you will find several options for rental, with several price ranges. If you live far from your work, also consider moving to a house that is closer, in order to save on transport . 7. Enjoy promotions and discounts Stay tuned for promotions, discounts and offers of all kinds that may arise. Did you know, for example, that the properties on display at SUPERCASA may have price reductions? 9. Negotiate with your landlord If the house you live in really is perfect for you, except for the part of the price you pay for it, and you can’t imagine moving, why not try to negotiate with the landlord? There are sympathetic landlords who allow slight changes in rents, to favor the tenant, and may be your case. In addition, if you are a young person under the age of 35, you can use the income support provided by the Government . You can consult the eligibility criteria and apply, receiving extra help that will make a difference in your savings. 10. Stay motivated Remember your financial goals and celebrate your achievements along the way. Discipline and perseverance are key to achieving success on your path to saving. Saving money while paying rent requires planning, discipline and some habit changes . However, with the right strategies, it is possible to achieve your financial goals and build a prosperous future. Read other tips that may be useful to you: Are you in your 20s? Write down these financial tip s, Living in shared homes: 5 key tips and rules and Will you move? Save on moving with these tips
Source: Freepik Author: Redaction According to the National Statistics Institute (INE), in data published this Friday, 14 June, housing rents increased in May, despite having maintained their evolution compared to April. The year-on-year change in housing rents per square metre was 7.1% in May 2024, the same as in the previous month, says the statistics office. The increase was seen almost everywhere in Portugal, although the most significant rise was in Lisbon , which recorded 7.4 per cent. However, with regard to the monthly variation in rents paid by tenants, a slight decrease was recorded: the average value of housing rents per square metre recorded a monthly variation of 0.4% (0.6% in the previous month), and although the monthly rise in rents occurred in all Portuguese regions, the increase was identical to the national total (0.4%) . Related: Extended access to Porta 65 Jovem is enacted , Affordable rents: Porto will raffle off 27 homes and Rental contracts: 4 factors you should take into account
Source: Freepik Author: Redaction 1 - Thorough research is essential If youre in the process of looking for a house to rent , its very important that you search on real estate portals , such as SUPERCASA and CASASAPO , to find the house that best fits the conditions youre looking for. Searching on SUPERCASA is very easy and intuitive : just type in a street or just a point of reference and it will return complete results with the options available depending on the filters you have selected. 2 - Visit and thoroughly evaluate every detail of the houses After a thorough search, make a selection of the properties you want to visit. When you visit, check that the house corresponds to what was advertised, what state its in and whether everything works properly. 3 - Check all the information in the contract Before you go ahead with a rental contract, there is some information you should be aware of when signing the documents. Even before the contract is drawn up, you should have all the necessary information on hand. Read everything in the contract very carefully and add any details you consider important. Define the obligations of each party: who should pay for water, electricity, gas, telecommunications and other costs. Dont forget to also validate how and under what conditions the payment of rent is agreed (whether or not you can request payment in advance, whether the landlord is obliged to issue an electronic receipt for the rent, etc.). 4 - Take note of everything that will affect your new home Before you sign anything, remember that there are other factors that influence your lease, namely the location and the contents of the property . This is because if the house youre about to rent is in the city center, the cost of living will be higher. Always take into account all the day-to-day expenses you will have, such as the public transport pass, fuel if you have your own car, and additional costs you may have if the house is unfurnished. You already know in advance that the rent will be much higher if you take all these expenses into account. Take a look at the financial impact on your budget and make sure that the rental contract includes these details and others, such as whether or not you have the landlords permission to carry out minor works and modifications , and whether or not all issues relating to repairs and replacement of household appliances are defined for both parties. If youre really sure you want to go ahead, heres how to draw up a tenancy agreement step by step. Are you interested? Read more: What types of rental contracts are there? Find out
Source: Freepik Author: Redaction According to the law, it is the responsibility of the landlord to issue the respective rent receipt. So if you find yourself in a situation where you don’t have the receipts, know that this is a tax obligation of the landlord. As a rule, a quick access to the Finance Portal can check whether the landlord issued the receipts or not . If you have not done so, you must send the request to the landlord by registered letter. If you do not receive a response to your request by letter, and if you have already tried several ways to communicate this request to the landlord, you should report this non-compliance to the Finance. You also have the alternative of, in this case, submit to the IRS the amount of the paid rents . This will inform the Tax Authority that the landlord is in default. However, there are some exceptions, according to Ordinance No 98-A/2015, of 31 March: If the landlord is 65 years old or older, he may be exempted from this obligation, but he must always submit the annual electronic declaration of the total value of the rents; If it is a rent of a lease under the Rural Lease Scheme , the landlord is exempt from this obligation; Landlords who, in the last year, have not obtained income from this category in an amount greater than 2 times the IAS value. Is it clear? We also recommend: How to make a lease contract step by step , What types of lease contracts are there? , Will you be a tenant? Care to have before and after
Source: Freepik Author: Redaction The end of the expiration date for access to extraordinary income support was approved on Monday, May 27, in the Council of Ministers, contemplating contracts with changes after March 15, 2023, provided they maintain the landlord, tenant and property . The expiration of this support was felt by several tenants, who suffered changes after the update of the rent value. There were several landlords who had renewed, change, replace contracts, signed before March 15, 2023, and in which the parties remained, but there was an acceleration of the rent values and lost the right to support , indicated the Minister of the Presidency, António Leitão Amaro, leaving the repair: if there was a contract before March 15 and if the same parts and the same property are kept , the support will remain in force. This extraordinary income support, which can reach 200 euros per month, covers the lease contracts concluded until March 15, 2023, which caused a flood of updates by landlords, which led to several eligible tenants losing their right to support, after the respective changes. After a series of complaints, and once the support arrived, at the end of April, to only about 223,200 tenants (-10 thousand compared to the beginning of the year), the Government was obliged to take measures to mitigate this situation, allowing the allocation of support to injured tenants, and that covers households with incomes up to the 6th IRS. The support, automatically awarded, will be in force until the end of 2028, subject to annual verification by the Government. Displaced workers benefit from incentives In addition to the approval of the end of the expiration date for access to extraordinary income support, a measure that encourages labor mobility was also approved. Thus, a displaced worker can deduct the cost of the new income, in the new location where he will be living, in relation to the property income obtained from the lease of his home. The Minister of the Presidency explained, at the end of the briefing of the Council of Ministers: when someone moves to work in a city or village more than 100 kilometers from the house and, when leaving, rents the house and will have to rent the house in the place where he will work, we allow the income received and the income being paid to be calculated together , he indicates, underlining that the rent paid is deducted from the rent received in the home of origin. In this way, the tax on the income obtained from the rental of the original property will be lower: the person who will have to pay the new rent and its cost will be deducted from the income of the house from which he lived. On maximum ceilings for this deduction, the minister left the indication that has as limit the value of the rent of the house where you leave. Stay for more topics like this: Coercive Lease: Measure is Revoked by the Government , Door 65 Young: Know the New Rules and Less 10,000 people received income support in April
Source: Freepik Author: Redaction In Portugal there are three main types of lease agreements that follow their own guidelines. In a lease process, in which there are obligations and duties, both for the landlord and the tenant, it is essential to ensure compliance with the law, and for this, to know exactly each of the three types and what they are for. If you already know the types of lease agreements that exist and are looking for more information about obligations, information that should be included in the contract or how to prepare one, step by step, we suggest reading the following article, to help you in the steps: How to make a lease step by step Then get to know the rules, as well as the exceptions, and make renting an easy and simple process for you . As we told you above, there are three types of rental contracts in Portugal: 1. Housing lease agreement 2. Commercial Lease Agreement 3. Rural Lease Agreement Get to know each of these in greater detail 1. Housing lease agreement As the name indicates, this type of contract presupposes the rental of permanent housing, being one of the most practiced in Portugal. In it, the landlord gives the tenant the use and enjoyment of a property , and can be concluded in a certain period, with a defined duration between 1 to 5 years, or indefinitely , that is, without setting a pre-established deadline. Thus, with variables that must be defined and agreed between the parties involved, the housing lease assumes that the landlord provides the property in conditions of habitability, being responsible for the necessary repairs during the contract period. In some situations it may be the landlord who is responsible for paying water, electricity and electricity expenses, however, this is a more common situation in renting rooms. The tenant is responsible for the payment of rent, condominium fees, if applicable, and consumption of water, electricity and gas. Responsibilities and rights The landlord • You have the right to access the property for surveys and works, provided that at previously agreed times; • Must receive the monthly rent agreed in the contract; • May require payment of condominium fees and water, electricity and gas consumption; • You can terminate the contract at the end of the defined term or with prior notice, from 3 to 6 months, in case of contract for an indefinite period and provided that you comply with the legal requirements. The tenant • Must pay the rent within the established deadlines; • You are obliged to keep the property in a good state of conversation and deliver it to the landlord at the end of the contract under the same conditions; • Assumes responsibility for the payment of condominium fees and consumption of water, electricity and gas; • You must allow the landlord access to the property for inspections and works; • May require works or repairs necessary for the habitability of the property; • You can terminate the contract at any time, provided that with notice of 3 to 6 months and within the legal requirements. 2. Commercial lease agreement In the business world, this type of contract assumes a fundamental role, because it will be through it that the landlord gives the tenant the use of a space for, as the name implies, commercial or industrial purposes. This agreement can boost the economic growth of the geographical area where the property is located and, with regard to the duration of the contract, it must be agreed in advance, and may be in due time or indefinitely. Responsibilities and rights The landlord • You must deliver the property in working condition, with infrastructure appropriate to the commercial or industrial activity of the tenant; • allow the tenant to access the property for the execution of the works necessary for commercial exploitation; • Must receive the monthly rent agreed in the contract; • May require payment of condominium fees and water, electricity and gas consumption; • You can terminate the contract at the end of the defined term or with prior notice, from 3 to 6 months, in case of contract for an indefinite period and provided that you comply with the legal requirements. The tenant • May require works or repairs necessary for the activity of the property; • Must pay the rent within the established deadlines; • You can terminate the contract at any time, provided that with notice of 3 to 6 months and within the legal requirements. Essential documents For this type of contract you will need the identification document of the tenant, the landlord and, if applicable, the guarantor, but also the Commercial Registry Certificate , the Land Registry Certificate and the Use License . 3. Rural rental contract In rural regions, this type of contract can represent a development of agriculture, livestock or forestry, because it is through this contractual agreement that the spaces for exploitation of rustic buildings are provided. Thus, this type of contract includes areas of land and/ or housing of the tenant, buildings that are intended for purposes proper to the farm or livestock, such as stables, mills, haystacks or wineries, as well as permanent non-forest vegetation, such as fruit trees. It is a contract that must have a minimum term of 7 years, with the possibility of renewal for an equal period, and is exempt from the payment of stamp duty, unlike the housing lease contract. Responsibilities and rights The landlord • Must receive the monthly rent agreed in the contract; • May require payment of condominium fees and water, electricity and gas consumption (if applicable); • You may terminate the contract at the end of the defined term or with notice of 1 year, in the case of an indefinite contract and provided that you comply with the legal requirements; • It must allow the tenant to access the property for the execution of the works necessary for commercial exploitation. The tenant • Must operate the property sustainably and following good agricultural, forestry or livestock practices; • May require works or repairs necessary for the habitability of the property; • You can terminate the contract at any time, provided that with notice of 3 to 6 months and within the legal requirements. Information that cannot be missing in this type of contract It is necessary to fully identify the contracting parties , namely the tax identification number and residence, or tax office, but also the complete identification of the building to be rented , with information about the purpose for which it is intended, the value of the rent and the date of conclusion of the contract. In any of the types of contract, it is essential that you fulfill your rights and obligations, carefully reading the clauses defined before proceeding with the signature of the same. Ensure a harmonious relationship, whether landlord or tenant, and if in doubt seek professional advice.
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
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