LEASE AGREEMENT
LEASE AGREEMENT: EVERYTHING YOU NEED TO KNOW

Concerns about the lease are constantly being raised. To resolve them, we consulted the lawyer Fabián Zabala, legal advisor for Central de Arrendamientos. In the video, you will find the answers.

These are some of the frequently asked questions:

1. Are there different kinds of leases?

Yes. The type of contract varies according to the location (if it is in an urban perimeter or if it is rural) and the destination of the property (commercial, residential, offices, warehouses or clinics). Depending on this, the regulations are different.

2. Does the lease need to be authenticated?

Although it is not mandatory, the parties involved in signing the contract do so to avoid identity theft.

3. What is the difference between extension and renewal?

Although they are constantly used as a synonym, the difference is that the extension is done automatically, keeping the same terms of the contract, while in the renewal terms such as the term and economic conditions can be changed.

In addition, renovation is used more in commercial properties.

4. If the lease is long-term, can the tenants take possession of the property?

This is more a myth, the tenants will not be able to become owners of the property, since the contract stipulates that the use is granted temporarily.

DISPLAY A PROPERTY EFFECTIVELY
LEARN HOW TO DISPLAY A PROPERTY EFFECTIVELY

If you are renting or selling a property, you should know that the way you show it is key. Paola Barrera, partner manager of Impulse SAS, tells us the five steps you must follow to make this process successful.

1. Know the property

“There is nothing worse than arriving at the property and not knowing what we are going to find in there,” says Barrera. That is, you must visit the property before taking a client, this will also allow you to know the status of the property and know the benefits of the property.

2. Details special features

Find five aspects of the property that you can highlight and check what benefit it represents for your client.

3. The first impact is the most important

From the greeting, you can impact. Also, take a complete tour of the property and the social areas that the complex offers.

4. Inquire about needs

It is important to ask the client how they liked the property and what they would improve on it.

5. Subsequent commitments

Follow up with the client, it can be an email, a call, scheduling, and another appointment, among others.