The legislation, scattered in many provisions, it is anachronistic, and has only resulted in buildings that are not built to be given on rent. With the draft decree Estate Leasing Act is updated and focuses on a single legal text of all matter, thus restoring the necessary legal certainty for the parties to the rental agreement, which accomplishes two key objectives: to encourage participation the domestic and foreign private investment in the massive construction of housing developments to be designed for leasing, and revive the construction industry, the country’s largest generator and the multiplier effect of employment.

Legal certainty for stakeholders in the rental agreement is guaranteed in the draft Decree-Law, including new legal figures, such as the legal Extension Compulsory Preference Offer and rent-able… Continue reading →