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Renting Property

Brazil - Renting Property

Accommodation facilities in Brazil are in abundance and mostly depend on what you are looking for. Another factor that determines the type of accommodation you can access is the region you will be living in. It is possible to find a high standard of housing, which of course might come with higher costs.

It is possible to find places with reasonably priced accommodation facilities in Brazil. The coastal areas have plenty of short-term rentals whose prices drop during the off-season. Many people with vacation homes in Brazil usually rent them out to tourists when they are not using the homes. Living in the larger cities of Brazil is a bit expensive. The rental prices at times exceed the rate of American and European homes. Some of the rental properties in Brazil have swimming pools and gardens. Most rental properties in Brazil do not have basements or attics.

Most apartments are found in large multi-story buildings. In addition, most long-term apartments are unfurnished and their rents are relatively cheap. Long-term rentals in Brazil do not usually have many appliances. Missing showerheads, bulbs, and toilet seats are common.

Short-term rentals are usually furnished. Condominios, which are special types of accommodation popular with foreigners, are gated housing estates with CCTV and security. If you are searching for housing in large cities such as Rio de Janeiro or São Paulo, then you need to consider transport because decent housing in such cities is usually located on the outskirts of town.

The most common way to find rental property in Brazil is by word of mouth. The classified sections of newspapers are also a great way to get information about rental properties in Brazil. Knowing Portuguese comes in handy when asking for information from locals. Brazilians by nature are friendly, communicative, and aware about things that happen around them.

You can also walk around looking for “for rent” signs. You will find them displayed at the gates or windows of the properties. Some signs say “Alugo” while others say “Alugo temporado”. Alugo temporado are for short term rentals. Browsing the internet in search of accommodation is perhaps the easiest way to find rental properties because they are usually categorized according to cities, price range, and type of accommodation.

Some people may not have time to search for rental properties and would instead prefer to use real estate agents. The embassy of your home country can match you up with agencies that speak your language. Real estate agents charge you commission only when you rent a house, so it is important to consult as many agents as you can. This gives you a wider range of property to choose from. Visit the properties on your own to get a feel of the properties before you visit them with a real estate agent. A real estate agent is out to make a sale and they can give you convincing arguments even when the property does not really appeal to you. The best time to check out real estate properties for rent is in the evening, to get a good idea about the noise and safety levels in the area at night.

Most agents will offer the same properties, so you need to have a list of properties you have visited before to avoid viewing the same place again. Do not work with real estate agents who ask for money in advance because this is a sign of fraudulent behavior. Only pay when you have settled on the property you want.

Before you select a property, look at the amenities and utilities available. Some properties do not have an installed telephone connection. If you choose to rent such a place, it means you will either have to buy or rent a telephone line, which takes a while. Ensure that the house has both hot and cold water and an installed shower. Many apartments do not have an air-conditioning system or central heating, so you should consider how you feel about that first before selecting a property. Brazil has frequent power blackouts, so always have a flashlight and candles on standby.

Tenancy contracts in Brazil usually have a 30-month term and require a month’s deposit. The lease agreements usually have additional costs and a clause that allows an annual increase in rent. It is important to carefully study the contract through a Portuguese-speaking lawyer since the contract is usually written in Portuguese. In the case of short-term rentals, a contract is not usually needed. The prospective tenant meets with the property owner and makes the living arrangements.

Cost of utilities are not included in the lease price and need to be paid separately. Those who live in serviced apartments will have to pay additional fees including caretaker, elevator, swimming pool, and security fees. The government of Brazil has high council taxes for property, which in most instances are paid by the tenant. Expect the rent charges to be high if the property owner is the one paying the council fees. At first sight you may miss seeing the additional costs on the contract, so make sure you pay extra attention before signing the contract. Ask as many questions as you want because it is difficult to opt out of the contract once you have signed it. Another important part to consider in a contract is a clause that ensures larger repairs are carried out by the landlord.

To apply for a rental property in Brazil, you will need a guarantor to co-sign the contract. The tenant and guarantor are expected to produce a few documents such as proof of salary, identification, and social security documents. If a tenant does not have a guarantor, the company the tenant works for can take up the role. The company acting as a guarantor will hasten and simplify the process since a company gives more security than an individual.

A rental contract is automatically renewed if no notice for termination has been given before the expiration of the lease agreements by either the property owner or tenant. The term of renewal is usually another twelve to thirty months. If a person wants to terminate the contract, a three month advance notice needs to be given by the person who wants to break the contract. If a tenant wants to break the contract on short notice, they can give a month’s notice, although they risk losing their deposit and might be charged an additional fee for the inconvenience.

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