Pros and cons of renting a property with real estate or directly

For this 2023, one of the sectors that has been most impacted by the high inflationary figures of 2022 is that of rentals. The regulations establish that the increase in the rental fee must be, at most, the CPI figure annual of the previous year. In this case, 13.12%

(Read: Rental insurance: how they work and the prices they have).

Now this is the highest rise so far in the 21st century. Remembering that, in reality, it is not mandatory to raise this percentage and, instead, it is recommended to reach an agreement between the lessee and lessor.

Along with this, it is important to take into account how the leasing process is carried out. For example, if it is done through a real estate agency or with a direct contract.

According to Martín Monzón, CEO of the Finca Raíz portal, “Real estate agents are always allies and serve to have support”. The expert assures that a direct contract is only recommended when there is a close relationship between the lessee and the landlord.

(In addition: The alternatives you have so that your rent does not go up so much).

In these cases, “always, even if there is a close relationship, a contract must be left. That it is not verbal because that brings many problems”, assures Monzón.

Likewise, the expert points out that among the benefits of real estate is that they take care of the paperworkthey make sure that the lease meets the minimum requirements, they do the background check of the person who is looking to rent and see if they can access the lease of the property.

Along with that, “ensures that the process works, that it is legally supported and that the conditions are established under the parameters of the law. Likewise, it reports the state of the property, the presence of pets and that the agreements are fulfilled”, points out Monzón.

(Keep reading: Rents in Colombia: this will be the increase for 2023).

Finally, real estate agents are intermediaries for any inconvenience. For example, a repair of some element of the property, problems with public services and others.

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