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Colombia – Lease Agreements

In Colombia, the typical lease term for renting property is 12 months. However, this can vary based on the agreement between the landlord and tenant. Some landlords may offer a lease term of 6 months, while others may offer a lease term of up to 24 months.

Furnished and Unfurnished Rental properties in Colombia

In Colombia, the main difference between furnished and unfurnished rental properties is the presence or absence of furniture and household items. Unfurnished rental properties usually do not include any furniture, while furnished rental properties are equipped with essential household items such as a bed, sofa, dining table, and kitchen appliances.

Furnished properties in Colombia typically include a bed, sofa, dining table, chairs, a refrigerator, a stove, and a microwave. In some cases, they may also include a washing machine, a dryer, and a television.

Standard Lease Agreement Clauses in Colombia

In Colombia, a standard lease agreement typically includes the following clauses:

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  • Identification of the landlord and tenant
  • Description of the rental property
  • Lease term
  • Rent amount and payment terms
  • Utilities and services included in the rent
  • Maintenance and repair responsibilities
  • Restrictions on use of the rental property
  • Security deposit and rent guarantees
  • Termination clause
  • Limitation of liability
  • Dispute resolution clause

Additional Lease Agreement Clauses in Colombia

In Colombia, there are several additional clauses that may be included in a lease agreement, although they are not mandatory. These clauses include:

  • Renewal clause, which outlines the terms for renewing the lease agreement
  • Subletting clause, which outlines the conditions under which the tenant may sublet the rental property
  • Pets clause, which outlines the conditions under which pets are allowed in the rental property
  • Right of entry clause, which outlines the circumstances under which the landlord may enter the rental property

Before Signing a Lease Contract in Colombia?

Expats in Colombia should be especially aware of the following when signing a lease contract:

  • Understanding the local rental market and rental rates in the area
  • Carefully reviewing the lease agreement and all clauses, including any additional clauses that may be included
  • Verifying the legal status of the rental property and ensuring that it is free of any claims or liens
  • Negotiating the lease terms and ensuring that they are fair and reasonable
  • Keeping a copy of the signed lease agreement for their records

Condition Reports in Colombia

Yes, condition reports are common in Colombia before signing a lease agreement. A condition report is a document that details the condition of the rental property at the beginning of the lease term, and it is used to determine whether any damage was caused by the tenant during the lease term. The condition report is usually signed by both the landlord and the tenant, and it serves as a reference for any disputes that may arise during the lease term.

Letting Agent Qualifications in Colombia

In Colombia, letting agents are not required to have any specific qualifications or licenses. However, they must abide by the country’s consumer protection laws and the real estate regulations set forth by the government.

Letting Association in Colombia

There is no specific association or organization in Colombia for reputable letting agencies.

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