Some horror story to tell
My family is selling an apartment I have and they found a buyer. This customer paid a couple thousand USD to secure the transaction signing a bill, with the remaining to be paid at the time of signing the final papers.
Meanwhile, this customer wanted to get their his furniture into the apartment. He affirmed his best intentions an mentioned a professional link that he had with one of the family members. However, he wasn't allowed to get his furniture inside.
Today, the inmobiliaria called me to mention that the transaction fell. Why? The buyer couldn't secure the money from an apartment he sold some time ago because his own buyer didn't pay him since posession.
Thanks God we didn't let him occupy the apartment!
NEVER EVER LET SOMEONE TAKE POSESSION OF YOUR SELLING PROPERTY BEFORE THE TOTAL CANCELLATION.
This may help you understand why people want cash for a transaction, and all before the transfer of property.
Hope this helps,
Andres
Breaking Apartment Leases
Does anyone know about breaking apartment leases here? After months of negotiating I'm finally about to sign one. It is for 12 months. Like most people, I was unable to get a garantia. Therefore, the owner is requiring a year's rent as a deposit, which is better for him than the more common rent prepayment. I understand why he would want this - supposedly if a tenant decided in month 12 that he's not leaving and not paying anymore, the landlord would need a couple years in Argentine courts before he can legally remove him. I'm reading over the lease and it looks pretty standard. I've seen one before. It does not specify anything about what would happen if I wanted to leave before the 12-month period expired. I spoke with a few Argentine friends and they said they thought that normally you can break a lease after 6 mos without a penalty, and before 6 mos there might be a 1-2 month penalty. But Ive had nothing confirmed, and have no idea about my rather large deposit. I guess (I'd have some leverage if there was a disagreement and my landlord would not refund my deposit. I could say I'll vacate the apartment when and only when he refunds the deposit. I don't know how this works here.
Any advice appreciated.
Usually a lease contract is for 24 months...
... if you quit before month no. 12, you have to pay a fine of one month.
If you want to leave after month 13 your fine is half month.
"Deslocacion" of a tennant, who does not pay, will cost six months, since the new laws give higher protection to the landlord.
A skilled landlord always wears good English or Hungarian boots
(I recommend "Ludwig Reiter" or "Edward Green") to be able to open a door of a tennant, who does not pay, with a smart sidekick.
If you (as NOT having garantia) will pay 12 months, usually you will never see the money again. A good broker will find you landlords who will accept a deposit of 3-6 months and a revolving payment from the first month aside to be secure.
& quot;Expedite & quot; eviction
There are a bunch of thugs linked to the Federal Police who provide this service for around USD 3,000. It is expensive, but cheaper than to replace the whole furniture and decoration destroyed by an angry tenant at the verge of eviction.
Mobs, lawyers, police officers, etc, profit from a slow and cumbersome renting system. It is not an "accident" that this system is inefficient, it is desing to work like that.
Hope this helps,
Andres