According to rumors, the Government will put an end to the Rental Law. In this context, the Union of Entrepreneurs of the Argentine Republic disseminated its proposals to favor tenants.
The government will put an end to the Rental Law after annulling Law 27,551, in a determination that at this time is circulating in the corridors of the offices of both the president Alberto Fernandez as the Minister of Economy, Sergio Massa. Due to rumors, the Union of Entrepreneurs of the Argentine Republic spread their proposal.
Rodolfo Llanos, president of the institution, is a core issue for the institution. “Home is, at the beginning, for entrepreneurs also the workplace,” he said.
According to reports from Government House, after the meeting between the President and the Minister of Economy, there were several definitions. One of them, which aims to annul the Rental Laweffective from July 2020.
Currently, the rental market has very little offer, with a demand that remains high and with prices through the roof. For example, a rent that in July 2020 paid $50,000 per month, today has a value of $122,500.
In this context, from the UERA they disseminated their proposal related to the Rental Law.
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Rental Law: what is the proposal of entrepreneurs
The Union of Entrepreneurs of the Argentine Republic (UERA) presented a series of items in relation to housing rental:
- The commission must be paid by the owner because he is the one who requests the real estate service.
- Express eviction for those who stop paying: 30 days and out.
- Certification of free signatures before justice of the peace or/or municipal office with a public official (CGP or similar).
- public record of defaulters
- Elimination of proprietary warranty. Options: surety bond with express settlement paid by the tenant and simple co-debtor.
- Free agreement between parties regarding indexing, contract duration, early termination penalty.
- Tax deduct rents. Tax benefits for those who invest to rent.
- Delete the obligation to prove income.
- exhaustive definition of ordinary and extraordinary expenses.
- Elimination of transfer costs for amounts defined as rentals.
Source: Ambito
