Requirements for renting an apartment in the City of Buenos Aires

When it comes to renting an apartment in the City of Buenos Aires, you should have in mind that there are some requirements you need to comply with in order to do it. For this reason, we will now mention some steps to follow when you rent an apartment in the City of Buenos Aires. Still, you should know that some owners may ask you for other stuff too.

Firstly, every person that wants to rent an apartment must be of age (i.e., at least 18 years) and must have a valid ID or passport (its validity must last at least until the end of the contract).

Besides these two things, when it comes to renting an apartment in Buenos Aires, you will need to have a solvent warrantor. The warranty is something all owners ask for, since it works as a security of payment, should you not pay your rent. The warrantor generally signs the tenancy agreement as well as the tenant.

Another thing you need to have in mind in order to rent an apartment in Buenos Aires is that you will probably need to make a deposit. This deposit will be returned to you once the contract ends; nonetheless, the landlord will keep the deposit if you have some debt with him or if the apartment is not in the same conditions as it had been given when you moved in. Usually, the amount of the deposit equals a month of rent, or two, depending on the owner. If it is a furnished apartment, they could ask for a two-month’s deposit.

Moreover, if you want to rent an apartment in the City of Buenos Aires, you will have to prove you have sufficient incomes in order to pay each month.

In the City of Buenos Aires, the minimum term for signing a tenancy agreement is of 2 years (unless it is a temporary rental). After 6 months, the tenant may rescind the contract, and he/she should warn the landlord with 60 days in advance, and he/she will have to pay compensation.

In addition, when signing the tenancy contract, it is not compulsory to do it in front of a notary public; still, many people choose to do it, in order the notary checks that the law is being complied with and everything is in order. If you don’t want to have a notary when signing, it is advised that you verify that the landlord is actually the owner of the property, that the contract has all the covenants in order, that you understand everything, etc.

Last, you should make it a requirement to know your rights and duties, in order to defend yourself, should you have any problem.