Renting a home in Valencia is one of the most important decisions in any citizen's life. Whether you are a tenant or a landlord, it is essential to know your rights and obligations to avoid future problems. At Pactum Legal, we want to explain the key points you should consider when signing a rental agreement.
1. Contract duration and renewal The rental agreement must specify the duration of the contract. The Urban Leases Law establishes a minimum of 5 years for housing rental contracts (if the landlord is a natural person). In addition, it is important to verify if there is an automatic renewal clause or if an extension must be agreed upon.
2. Deposits and bonds: How much and how should it be managed? The landlord can request a deposit, which generally corresponds to one month's rent. This deposit must be returned at the end of the contract, provided there is no damage to the property. Additionally, other additional deposits or guarantees can be agreed upon, so it is crucial to specify all these conditions in writing.
3. Obligations of the parties: Who is responsible for what? The contract must detail the obligations of the landlord and the tenant. The landlord must ensure that the home is in suitable living conditions, while the tenant must take care of the property and comply with the timely payment of rent. In case of repairs, it must be clear who bears the costs and what are the procedures to follow.
4. Termination of the contract: What to do if there is a conflict? It is important that the contract contemplates the circumstances under which either party can terminate the agreement early. This includes notice periods, penalties for early cancellation, and the return of the deposit.
Conclusion: Signing a rental agreement without understanding all its details can lead to problems in the future. At Pactum Legal, our lawyers specializing in real estate law offer you advice to ensure that your rights as a landlord or tenant are protected. Do not hesitate to contact us to obtain the legal security you need.
