What are the main documents required in real estate leasing?

leasing

Why do we always stress the importance of brokers having knowledge of real estate law? Because the absence of a simple document is enough to make the business unfeasible. And since we know that the realtor not only sells but also rents properties, do you know what documents are required in the lease?

The professional who knows how to answer this quick question comes out ahead. After all, this is the question of most tenants and landlords. Not to mention that gathering the documents required in the lease brings legal certainty to everyone involved in the transaction.

To help you, we have listed the `main documents required in real estate leasing.

Documents required at lease: owners

Property owners need to gather few documents to carry out the negotiation. Here, you only need identification documents (RG and CPF) and proof of the property. If the owner is a legal entity, it is necessary to bring the General Taxpayers Registry (CGC).

Documents required at lease: individual tenants

First, it is important to note that the tenant must be of legal age. If the tenants are natural persons, it is mandatory to present the following documents: RG and CPF (of the couple, if applicable); proof of residence (water or electricity bills, for example) and income.

In the latter case, there are a multitude of documents that are accepted, from pay stubs and paychecks to income tax returns. But an important detail: the proven income must be equal to or greater than three times the rent.

In turn, the legal entity lessee must bring certified copies of the Articles of Incorporation; the last amendment or consolidation of the CNPJ and state registration (if any) and the company’s income. The company representative must also present the following personal documents: RG and CPF; proof of address.

Documents required at lease: guarantor

We know that there are a wide variety of guarantees in property leasing, such as security, guarantee and surety. However, the most common practice is still the figure of the guarantor, the person who assumes the lessee’s obligations if he does not fulfill them.

Within this modality, the guarantor must also present some documents. They are: in addition to the same documents required from the tenant, he must carry a copy of the latest property tax and the certificate of real liens.

vile Imo Contract Generator

As much as everyone takes the documents required at the lease, the deal is only closed with the signing of the contract by all involved, with notarized signatures. After this process, the keys can already be delivered.

To speed up this step, the vile Imo tool provides a contract generator. When accessing the platform’s administrative panel, just click on the “Contract Generator” option on the left side menu. In this, he selects the default lease agreement. There, it is necessary to enter the correct names of those involved.

Rent readjustment

Remember that the broker’s job doesn’t end with the signed contract. The professional must also be present at the time of the rent adjustment. In fact, it is essential to pass this information on in advance so that tenants and owners can plan, huh!

And, once again, the vile Imo platform helps in this step. That’s because it has a standard “Release Value Adjustment Notice”. To fill in the property, owner and client data is very simple. As all this information is already registered in the system, you just need to enter the codes in each field and that’s it.

There, just click on the button “Register Agreement”. Before exporting to PDF or Word file, give it a good read to make sure everything is fine. In case there are any errors, it is possible to edit the contract.

In short, thanks to a real estate platform, you save time on many of your daily tasks. It’s easier to close more deals!