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December 10, 2022
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Are you going to rent housing? These are the rights and obligations of the owner and tenant

Housing rental with option to buy?  This is how residential leasing works

Rent is one of the alternatives living place more common in Mexico; however, it is not a process that should be taken lightly, since both tenants and owners must comply with their obligations and know their rights.

According to the National Housing Survey of 2020 of the National Institute of Statistics and Geography (Inegi), in the country there are more than 35 million private homes inhabited, of which 16% is rented.

According to the data, the main states with the highest percentage of houses for rent are Guerrero, Chiapas and Sinaloa with 68%, 67% and 62%, respectively.

One of the fundamental steps to guarantee a safe stay is to rectify that there is a leasing contract and request a copy of the same, according to the marketplace of Mercado Libre real estate

Although this may seem obvious, it is a factor that is overlooked in many cases. In fact, of the 5.8 million houses and apartments for rent, 54% have a current contract.

Owner

Between the basic obligations of the owneris to guarantee the delivery of the living place in optimum condition for use, in hygienic and safe conditions. Therefore, you must respond in the event that the property has hidden defects and causes damage to the tenant.

It must also allow the tenant to use the property without interference, for the entire duration of the contract, unless they are for the benefit of the property.

It is also important that property owners households For rent keep in mind that you have rights that can protect you from certain abuses or inconveniences, some of which are:

  • Receive payment from the lessee on the established date.
  • That the tenant make the repairs corresponding to damages or deterioration caused by him.
  • The tenant must give advance notice if any repairs are required, with the possibility that it is their responsibility to pay for damages if adequate follow-up and notice have not been made.
  • The owner has the right to terminate the contract if the tenant fails to comply with the stipulations: it may be a lack of payment, a sublease, among others.

The tenant

As can be seen, the main obligation of a tenant is to pay the agreed amount of rent in a timely manner. In addition, in case of damage caused by himself, relatives or visitors, he must respond and attend to its repair without any exception.

In this sense, it is important that you are aware that you must keep the property in the state it was delivered, making the necessary repairs in agreement with the owner.

Among your rights, it stands out:

  • Give him the living place in functional state for use, in hygiene and safety conditions.
  • Repairs necessary for owner occupancy.
  • Make use of the property for the entire duration of the contract and without being disturbed or interrupted by the landlord.
  • These tips are not only useful for people who are looking for a property, they also apply to those who rent a property looking for an extra income.

“It should be remembered that before signing a leasing contractIt is recommended that both parties discuss and validate all the details to resolve any questions. If possible, it is recommended to seek professional advice to review this document in detail and minimize the risks,” said Mercado Libre.



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