FIRST (Finding a Property): Look through the BuyandRentRealestate.com website to contact a real estate agent or owner to let them know what type of property you are looking to Rent. If you have any questions about any particular listing, please feel free to contact us.
SECOND (Negotiation): Once you find a property that you wish to rent, you must negotiate the price and terms with the owner. Once you have negotiated and agreed to the terms (rental price, lease terms, payment form, Broker's commission, etc.) then all of these details are inserted on a property transaction form.
THIRD (Rental Contract): The information from the property transaction form is provided by the client, broker, or client’s attorney, who drafts the Rental Contract, which is signed by both parties. A deposit, equal to the first months rent, is provided to the Renter, as a deposit to the MIVI (Ministerio de Vivienda/ Ministry of Housing). The first months rent (or in some cases two months rent, depending on the agreed terms) is paid to the land lord.
FOURTH (Rental Contract Registration): The rental contract is registered at the MIVI (Ministerio de Vivienda/Ministry of Housing), by the owner or broker, where the first month’s rent is deposited.
FIFTH (Utilities): If there is a broker involved, he/she is responsible for assisting you in connecting your utilities (water, electricity, phone, internet, etc.) if the utilities are not included as part of the monthly rental quota, in the rental contract.
SIXTH (Move In): You can move into the property on the date specified on the rental contract. At this time, the owner or the broker will provide you with a checklist of items in the rental property and you should inspect each of these items to ensure that they each meet the standards as per the rental contract, and this same checklist serves as an inventory checklist for the items in the rental property. This checklist is signed by each party and a copy is provided to each party involved. |
