Economy March 29, 2022 - 10:57 am

High commissions, security deposits hobble real estate

Santo Domingo.-  The amount of deposits and commissions to be delivered, the price, the duration, the data of a guarantor or guarantor and the characteristics of the property are among the main information that a rental contract must contain, in addition to the identity of the owner and the lessee.

Other data that must appear are the conditions in which the property is delivered, who will be responsible for repairing it in case of damage, and the possibility or not that it can be sublet.

However, the differences that are generated the most between owners and tenants concern the rental value, the presentation of the guarantor and the advance payment.

“The requirement of a guarantor has brought some difficulties when renting in many of the cases that one is presented with, because the tenant almost never finds a guarantor, unless it is his family,” explains the lawyer Milanny Méndez , real estate specialist.

.

COVID-19

April 30, 2024 - 10:04 am

SeNaSa hires more than 1,500 doctors

April 26, 2024 - 9:23 am

Pro Consumidor clears rice brands of harmful metals

April 22, 2024 - 1:21 pm

Ney Arias Lora Hospital and CMD appeal ruling

April 15, 2024 - 8:40 am

Cyber attack exposes Covid-19 vaccination records in Dominican Republic

MOST READ

World

Seven countries to contribute mission agents to Haiti

Tourism

Cuba shows interest in exploring opportunities in Dominican tourism

Local

Scientific study reveals oil generation potential in Dominican Republic’s basins

Tourism

Hyatt to add 1,000 rooms in Dominican Republic with two new hotels

MORE NEWS

North Coast

Puerto Plata strengthens its boom in cruise ships: 43 vessels will arrive in May

Tourism

U.S. Consul: “The Dominican Republic is a very safe tourist destination”

Bavaro & Punta Cana

Punta Cana Airport, at the forefront: it will renovate its Terminal A

Economy

Beverage industry provides nearly 60,000 jobs