Thursday, June 26, 2014

Vence deadline for sale of property in buildings for rent

Tomorrow June 26th is the deadline for the owners of those buildings of old data that are intended to sell houses rent to tenants.

On 28 March, the Ministry of Housing and Habitat issued a ruling which ordered the sale of real estate in those buildings for 20 years or more have been oriented to the lease, which revived one of the transitional provisions of the Act Real estate leases, in force since 2011. that period ends this week.

However, the sale of the buildings has come slowly. Spokesmen for renters networks indicate that several owners have expressed an intention to sell, but add that the most advanced negotiations with owners who have initiated proceedings in June 2011.

In that period, the Vice-President summoned the owners of 100 properties located in the Metropolitan Area of ​​Caracas to begin sales of rented apartments. Then when the National Assembly approved the Law Holiday, the process was handed to the Superintendent of Lease Housing, which re-sent communications to the owners of those 100 buildings.

In three years, negotiations have been finalized with the owners of 23 buildings and according to spokespersons of organizations, families currently living in these buildings are doing the procedures for managing credit.

They comment that the rest of the 77 buildings, 40% of owners have indicated the supervisory body who are willing to offer the apartments, however, others have reported that they have not negotiated by the difficulties they have had to transform properties in condo.

The real estate industry representatives suggest that these changes require a two-year period.

But it sets the rules and lapses if negotiations do not specify the property owners will be subject to severe penalties.

According to the arrangement, those building owners not to sell the homes will have to pay a fine of 2,000 tax units (254,000 bolivars) for each flat is offered to tenants.

The fine must be paid within five business days following and, if not, will be considered a repeat offender in the penalty, so that the fine will be doubled.

If the fine is not canceled, the Superintendent may go to court and ask the seizure of the property.

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