Lisbon pays 3 years' rent in advance to landlords who join the "Renda Segura" program
Lisbon property prices have been a recurring problem for those who wish to find accommodation there for several years. On the other hand, many owners are asking their tenant for concrete guarantees in order to cover themselves in the event of default. The Lisbon city council wishes to reconcile the two with its “Renda Segura” program: a rental housing program accessible for tenants, and a payment guarantee for owners. Some may even ask to receive 3 years' rent in advance. Lisbob, the expatriate assistant in Portugal, tells you all about this “Renda Segura” program in Lisbon.
Lisbon pays 3 years' rent in advance to owners who join the "Renda Segura" program
From today, Lisbon owners can join the new Lisbon city hall program. The latter will rent goods available on the market, then sublet them with affordable rents to families who need them. On the owner side, anyone who needs an advance can have immediate access to 3 years of rent.
The benefits of the “Renda Segura” program are numerous for owners: exemption from the IRS, IRC and IMI, guaranteed monthly income for at least five years and possibility of a three-year advance on the amount of the rents corresponding to the entire contract. This is how Fernando Medina, the mayor of Lisbon, intends to convince the owners who have property available to join them Renda Segura, a new housing program in the Lisbon municipality.
“Renda Segura” was presented this Monday by the mayor of Lisbon, the same day that the computer platform where applications can be submitted was also put online on rendasegura.lisboa.pt
For the moment, a first tender for tenders will be launched, which will run until June 30th, in which the Lisbon city hall offers to rent and then sublet 300 dwellings. There will be a second call for tenders from September 15th to October 30th, but Fernando Medina did not specify how many leases will be made at that time. The forecast relates to a total of one thousand leases for a global investment of 15 million euros.
The main beneficiaries of the program will be the owners and especially those who have properties in Alojamento Local, said Medina, saying that "unfortunately tourism will be one of the activities that will resume later and it will take a long time before the city may have the same tourist force as in the past ". Thinking also of these owners, who now see themselves with a significant drop in their income and with costs they have to continue to face ", but also those who have houses that need work before being on the The “Renda Segura” program indicates that when the contract is concluded, an amount corresponding to three years' rent will be immediately advanced by the municipality, in which case the rental contract with the council will last for six years.
Regarding prices, reference values of 450 euros for a T0, 600 for a T1, 800 for a T2, 900 for a T3 and 1000 euros for a T4 are established. The value then changes depending on the location area. When registering the property on the platform, the owner indicates the amount of rent he wishes and it will be assessed later. The mayor of Lisbon stressed that preference will be given to those who choose lower values. "The price that the owner asks will be an important element, we will value the owners who are ready to rent at lower prices," he said.