Long Let
A Long Private Residential Lease cannot have a duration of less than one (1) year.
Explanation of a one-year lease contract (whole dwelling or shared space)
- The first six months are mandatory for the lessee;
- Following the obligatory six months, the lessee may be released from the contract by giving at least one (1) month notice to the lessor by means of a registered letter;
- If the lessor does not intend to renew the lease, the lessee must be informed three (3) months prior to the termination of the contract by means of a registered letter;
- If the lessor fails to notify the lessee within the established period, the lease is renewed automatically for a year.
The minimum obligatory duration is one year;
Explanation of a two-year lease contract
- The first nine months (9) are mandatory for the lessee;
- Following the obligatory nine months, the lessee may be released from the contract by giving at least two (2) months’ notice to the lessor by means of a registered letter;
- If the lessor does not intend to renew the lease, the lessee must be informed three (3) months prior to the termination of the contract by means of a registered letter;
- If the lessor fails to notify the lessee within the established period, the lease is renewed automatically for a year.
Explanation of a contract for three years or longer
- The first twelve months (12) are mandatory for the lessee;
- Following the obligatory twelve months, the lessee may be released from the contract by giving at least three (3) months’ notice to the lessor by means of a registered letter;
- If the lessor does not intend to renew the lease, the lessee must be informed three (3) months prior to the termination of the contract by means of a registered letter;
- If the lessor fails to notify the lessee within the established period, the lease is renewed automatically for a year.