Garantia de Alquiler - can anyone explain it's significance ?

[Veronica]

Originally Posted by Xose

Alrighty then!

You can get mideavel and get it sorted there and then. Just make sure you tell the heavies to kill them. You don't want to spend the rest of your life paying them a pension if you leave them damaged - which you will, actual or not!!

See this is the problem with the law these days. Everything is stacked in the favour of the wrong doer. A f riend of mine had tenants in her apartment who not only didnt pay any rent after the initial downpayment but when they eventually left after 12 months there was so much damage to the property that it cost my friend thousands to put it right.:mad
What I said was tongue in cheek because of course you cannot just throw people out but to me the law is an ass. If tenants dont pay they should not be allowed to stay in the property and if they cause a lot of damage they should be locked up in prison for criminal damges. Of course the law needs to protect innocent tenants who have wicked landlords who try to take advantage but there should also be protection for landlords who are unlucky enough to have the scum of the earth living in their properties.
OK rant over now

[Suenneil]

Originally Posted by Veronica

See this is the problem with the law these days. Everything is stacked in the favour of the wrong doer. A f riend of mine had tenants in her apartment who not only didnt pay any rent after the initial downpayment but when they eventually left after 12 months there was so much damage to the property that it cost my friend thousands to put it right.:mad
What
Iaid was tongue in cheek because of course you cannot just throw people out but to me the law is an ass. If tenants dont pay they should not be allowed to stay in the property and if they cause a lot of damage they should be locked up in prison for criminal damges. Of course the law needs to protect innocent tenants who have wicked landlords who try to take advantage but there should also be protection for landlords who are unlucky enough to have the scum of the earth living in their properties.
OK rant over now

You rant away V!!! I agree with you. The other problem (albeit a smaller one) is that this increase in "bad" tenants, and apparently stats show there has been a big increase, justifies landlords putting in place additional safety nets to protect themselves and their properties - and I dont disagree with that at all ... HOWEVER the more landlords that do this, and Im sure they will if the bad tenant list grows! ... the more difficult and almost impossible it will be for "good" tenants to take out rental properties.

We were asked by 3 different landlords to take our Bank Guarantees for rental properties which we said no to!! Because despite having 5 years of rental experience and being able to provide excellent references .... they wouldnt accept this as enough "security" .... but there arent many people these days who can back up a bank guarantee by having 11 months rent sitting in the bank all year!

Sue x

[Veronica]

Originally Posted by Suenneil

You rant away V!!! I agree with you. The other problem (albeit a smaller one) is that this increase in "bad" tenants, and apparently stats show there has been a big increase, justifies landlords putting in place additional safety nets to protect themselves and their properties - and I dont disagree with that at all ... HOWEVER the more landlords that do this, and Im sure they will if the bad tenant list grows! ... the more difficult and almost impossible it will be for "good" tenants to take out rental properties.

We were asked by 3 different landlords to take our Bank Guarantees for rental properties which we said no to!! Because despite having 5 years of rental experience and being able to provide excellent references .... they wouldnt accept this as enough "security" .... but there arent many people these days who can back up a bank guarantee by having 11 months rent sitting in the bank all year!

Sue x

You would have thought that with good references you would be ok but of course it just goes to show how careful landlords are having to become to protect their interests. It is the same here in Cyprus with some landlords becoming very wary as to who they rent to.

Veronica

[Expat Ben]

GARANTIA DE ALQUILER

Objeto de la Garantia

a) Pago y actualizacion de las rentas mensualidades
b) Pago de los gastos que correspondan por servicios y suministros
c) Danos producidos por mal uso en el inmueble o sus enseres
d) Renovacion de aval bancario
e) Recuperacion inmediata del inmuelbe si se incumple el contrato
f) Realizacion de obras no consentidas
g) Cesion o subarriendo no consentido

Please can someone explain this in English ?

[Veronica]

Originally Posted by Expat Ben

GARANTIA DE ALQUILER

Objeto de la Garantia

a) Pago y actualizacion de las rentas mensualidades
b) Pago de los gastos que correspondan por servicios y suministros
c) Danos producidos por mal uso en el inmueble o sus enseres
d) Renovacion de aval bancario
e) Recuperacion inmediata del inmuelbe si se incumple el contrato
f) Realizacion de obras no consentidas
g) Cesion o subarriendo no consentido

Please can someone explain this in English ?

*This is a direct translation via IM translator.*

Object of the Guarantee

a) Payment and update of the revenues monthly salaries
b) Payment of the expenses that correspond for services and provisions
c) Damages produced by bad use in the building or his equipment
d) Renewal of bank guarantee
e) Immediate recovery of the inmuelbe if the contract is broken
f) Achievement of not spoiled works
g) Transfer or not spoiled subletting

[Expat Ben]

Originally Posted by Veronica

*This is a direct translation via IM translator.*

Object of the Guarantee

a) Payment and update of the revenues monthly salaries
b) Payment of the expenses that correspond for services and provisions
c) Damages produced by bad use in the building or his equipment
d) Renewal of bank guarantee
e) Immediate recovery of the inmuelbe if the contract is broken
f) Achievement of not spoiled works
g) Transfer or not spoiled subletting

And do you think this is fair ?
Would you recommend a tennant to sign it ?
How does any of the above benefit the tennant ?

[Veronica]

Originally Posted by Expat Ben

And do you think this is fair ?
Would you recommend a tennant to sign it ?
How does any of the above benefit the tennant ?

It is there to protect the landlord not the tenant.

[xabiachica]

Originally Posted by Expat Ben

GARANTIA DE ALQUILER

Objeto de la Garantia

a) Pago y actualizacion de las rentas mensualidades
b) Pago de los gastos que correspondan por servicios y suministros
c) Danos producidos por mal uso en el inmueble o sus enseres
d) Renovacion de aval bancario
e) Recuperacion inmediata del inmuelbe si se incumple el contrato
f) Realizacion de obras no consentidas
g) Cesion o subarriendo no consentido

Please can someone explain this in English ?

Object of the Guarantee

a)Payment of the monthly rent
b) Payment of costs relating to services and supplies
c) Damage caused by misuse of the premises or contents
d) renewal of bank guarantee
e) Recovery of the property immediately if the contract is breached
f) carrying out works without consent
g) transfer of the property or subletting without consent


In 6 years of renting I've never been asked to sign anything like this

one clause in the contract is always along the lines of 'if any of the clauses are broken it goes to court & any costs are paind by the renter' - & going to court, as the others have said, can take forever

having had a brief look at the link someone supplied - I suspect that the company advertising this guarantee might 'buy the debt' from the owner if the tenant breaks any of the clauses

possibly this then becomes a different kind of legal issue - a straightforwrd debt rather than a rent problem - and might be dealt with differently/more swiftly by the courts/legal system


as a tenant, I wouldn't sign it

there are lots of rentals out there at the moment - it's a tenant's market

[jojo]

When we looking at renting, we found that quite a few landlords had been "burnt" by previous tenants (nearly always British) who had trashed their houses, taken as much from them as they could (appliances, crockery, fittings....) and left without paying any rent!!! The land lords were understandably cautious of us being British and always tried to insist on at least 6 months up front - which we wouldnt pay or tried to charge us more than "the going rate"??!!

Apparently this was becoming more and more frequent due to the economic climate and the type of Brits??? Hense this contract thing maybe???????????
Jo xxx

[Veronica]

Originally Posted by jojo

When we looking at renting, we found that quite a few landlords had been "burnt" by previous tenants (nearly always British) who had trashed their houses, taken as much from them as they could (appliances, crockery, fittings....) and left without paying any rent!!! The land lords were understandably cautious of us being British and always tried to insist on at least 6 months up front - which we wouldnt pay or tried to charge us more than "the going rate"??!!

Apparently this was becoming more and more frequent due to the economic climate and the type of Brits??? Hense this contract thing maybe???????????
Jo xxx

I can understand why the landlords are trying to protect their interests.
We have the same sort of thing happening in Cyprus,we get emails from other agents giving us name and details of bad tenants to look out for and some of the things they do is appalling.

Veronica