Buenos Aires Real Estate Lawyer: What are the keys to the new Rent Law in Buenos Aires, Argentina
The Buenos Aires legislature approved yesterday modifications to the regime by which the real estate companies charge commissions to the tenants.
The Legislature of the City of Buenos Aires yesterday approved amendments to the Rent Law, prohibiting the charging of commissions by the real estate to the tenants.
– The most important change lies in the fact that tenants, when entering a house, should not pay the typical commission to real estate, which was usually 4.15%. From now on, that item will be in charge of the owners of the houses. From the Real Estate Professional College they warned that this money could be transferred to the monthly prices.
– The amounts that the real estate can not charge more, as of the amendment of Law 2,340, is the one corresponding to the typical administrative or management expenses.
– The conditions of the rental operations and the rights of the tenants must be visibly published on the websites of the real estate agents, as well as in their offices, so that the clients are properly informed when facing an operation Of these characteristics. The Government of the City of Buenos Aires will also be responsible for disseminating this information through social networks and websites of its dependencies.
– All these new measures and modifications in the real estate circuit will be controlled and verified by the City Housing Institute (IVC), which will be responsible for ensuring that the rights of tenants are respected.
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