As contemplated in the Urban Leasing Lawthe duration of a rental contract It will be the one freely agreed upon by the owner of a home and his tenant in the rental contract. However, there is a case included by law, and contemplated for contracts as of March 6, 2019, in which The tenant can remain in the home even if the owner ultimately decides not to renew the rental contract.
And, as the rule explains, there are some deadlines in which the owner must communicate his desire not to renew the rental contract to your tenant. After that period, and even if the owner finally decides not to renew, the tenant can remain in the home, since the contract is considered extended.
The contract is automatically extended in this case
The rule establishes that, “after the first five years of the contract, the landlord-owner must communicate at least four months in advance of your willingness not to renew it“. If not, as explained by the Ministry of Housing“the contract will be obligatorily extended for annual terms up to a maximum of three more years“.
In cases in which the automatically extended contract was less than five years, in the case of natural persons, the automatic extension may be extended up to a maximum of five years, with the extension being year by year.
Is it possible then to stay five years without renewing the lease? Yes, since that is the minimum duration of a rental contract, and it must be met as long as the tenant wishes to continue in the home.
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