With 125 votes contributed by the majority of the opposition benches, with the exception of the Left and the libertarian legislators, the Chamber of Deputies gave half a sanction to a bill to reform the rental law.
What does the approved project say?
The main modifications that you have to know when renting are:
Article 1- Substitute article 1,196 of the Civil and Commercial Code of the nation, according to the modification introduced by article 2 of Law 27,551, which will be worded as follows:
Article 1,196: housing location.
If the destination is residential, the tenant may NOT be required to:
- a) Payment of rents in advance for periods greater than one (1) month;
- b) guarantee deposits or similar requirements, for an amount greater than the amount equivalent to the first month’s rent;
- c) Payment of goodwill or equivalent;
- d) The signing of promissory notes or any other document that is not part of the original contract.
Article 2°- Substitute article 1,198 of the Civil and Commercial Code of the Nation, according to the modification introduced by article 3 of Law 27,551, which will be worded as follows:
Article 1.198: Duration:
The minimum duration of the contracts is 2 years.
Article 4°- Substitute article 1,201 of the Civil and Commercial Code of the nation, according to the modification introduced by article 5 of Law 27,551, which will be worded as follows
Article 1201: Arrangements and repairs:
The owner must take charge of urgent repairs in no more than 24 hours from the notification of the tenant and in no more than 10 calendar days in case of non-urgent repairs.
Article 5 – Substitute article 1,221 of the Civil and Commercial Code of the nation, according to the modification introduced by article 9 of law 27,551, which will be worded as follows:
Article 1,221: early resolution.
The rental contract can be terminated in advance by the tenant:
- a) Six (6) months of contract have elapsed, you must reliably notify your decision to the landlord at least one (1) month in advance. Here a month and a half of compensation is paid. If it is resolved in the second part of the contract, the compensation will be 1 month, considering for its calculation the value equivalent to the rental month in which the property is delivered.
Article 6- Modify article 14 of Law 27,551, which will read as follows:
Article 14 Law 27,551: rental update
Rent update: the mechanism of “agreement between the parties” is established to review the increases in rental prices “for intervals between four (4) and twelve (12) months“and” being able to apply to such effects the consumer price index (IPC), the wholesale price index (IPM) and/or the wage index (IS), prepared by the National Institute of Statistics and Censuses (INDEC) or a combination of said indices”.
Finally, the termination of the contract:
It can be resolved before your term expires by the tenant, but not before the first six months of contract. If the notification is made three months in advance, no amount is required to be paid.
Source: Ambito
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