The Right Real Estate Attorney Choices Now

We can say that we are currently experiencing certain instability in the real estate sector, mainly motivated by the financial economic crisis in which the country is. Therefore, the main tip we give you is not to rush to close any deal without first analyzing all the circumstances as well as checking if there are real conditions for it. With the Real Estate Attorney Israel you can find the best deals.

The First Thing

The first thing to do is to check the financial condition of the family. Thus, before signing the contract, it is necessary to analyze the accounts, adding to the rent of the property, the property tax and the condominium when it comes to apartment.

This care must be taken not to exceed 30% of family income, as this percentage established by economists takes into account the existence of other priorities in the family budget, such as food, clothing, transportation, leisure, etc.

The Other Factor

Another factor to be taken into account is the analysis of the ownership of the property, as well as the necessary documentation for the lease. It is possible to apply for the registration of the property to be rented or the purchase and sale agreement of the same.

Regarding the necessary documentation, we have already talked about this in the question and answer part, but we emphasize that there is a need for the tenant to be of legal age, to present ID and CPF, as well as proof of last residence and also of income. In the latter case a copy of the bank statement or even the Income Tax.

The Need for Guarantee

The lessor, on the other hand, may require only one form of guarantee. Among the most common on the market are the following: the use of a guarantor, a security deposit or surety bond. The guarantor chosen must be over 18 years of age, have no cadastral restriction default, must have income at least three times the rent and own a property. Still, although not included in the Tenant Law, most real estate agents require that the guarantor have a property located in the same city as the residence to be rented.

In the security deposit, the lessee must deposit in the landlord’s account an amount referring to three months of the rent. However, at the end of the lease, leaving the property in order, this amount will be returned with monetary correction. The surety bond is made directly with the insurer. In this case, a non-refundable amount of one to two rents may be paid per year.

Other Suggestions

Another important tip is also to do a visual survey on site to verify that everything is correct, as the contract provides. Today, with the help of technology, it is advisable to take photos, make videos, all to prove how the property was before and how it will be delivered. It is advisable to check doors, walls, floors, tiles, cracks and structure of the house.

Last Word

However, the redibitory vices, those hidden that already existed in the property before the delivery of the keys must be corrected by the landlord himself. Following to the last tips, which could not be missed, we highlight the need to have the formalization of the contract with all specifications made between the lessor and the lessee, as well as the length of stay in the property and the entry inspection report.