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Garantia for Rental

Home Forums Buying/Renting Propery Garantia for Rental

This topic contains 7 replies, has 4 voices, and was last updated by  Tony 6 months, 1 week ago.

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  • #275754

    Oaktree
    Member

    So we’ve found a house that we like and we’ve come to an agreement on the price of the pacote. Now we just learned that we need to provide a garantia in one of the following forms:
    * Fiador (Was suggested as best option, but my wife’s employer doesn’t provide this – so I think we’re out of luck)
    * Seguro (A sort of garantia provided by a bank at a cost. How expensive is this? I think this may be the way we’re headed so I could really use tips on getting it affordably)
    * 3 months deposit (We could do this but I’m concerned about getting it back, particularly after a bad experience back in Miami with a landlord who tried to keep our deposit. We got it back after involving an attorney friend who helped us out. We don’t have an attorney friend here…)
    I appreciate any advise you all can provide. Thanks!

  • #275834

    sven van ‘t Veer
    Participant

    * Fiador (Was suggested as best option, but my wife’s employer doesn’t provide this – so I think we’re out of luck)

    – parents or friends that own a home?
    * Seguro (A sort of garantia provided by a bank at a cost. How expensive is this? I think this may be the way we’re headed so I could really use tips on getting it affordably)
    – about 1.5 months rent + tax
    * 3 months deposit (We could do this but I’m concerned about getting it back, particularly after a bad experience back in Miami with a landlord who tried to keep our deposit. We got it back after involving an attorney friend who helped us out. We don’t have an attorney friend here…)
    – Same here, sometimes they try to screw you.
  • #275840

    Wellington
    Member
  • #276272

    Tony
    Participant

    Sven and Man if Leisure are correct. Be clear to understand you will not get the insurance money back. It is a sunk cost made to protect property owners on their claim for reinbursemrng against losses.
    Since the practice of escrow is non existing here, Insurance policy buy might be the only choice, as Brazilian landlords are gullibly opting for insurance, when otherwise a deposit might be the best way to go for parties involved. Another example of how asinine Brazilians are in hidding behind bureaucracy and eating up this big business safety net crap.

  • #276282

    sven van ‘t Veer
    Participant

    [QUOTE=Rebroker@sampa]
    Since the practice of escrow is non existing here, Insurance policy buy might be the only choice, as Brazilian landlords are gullibly opting for insurance, when otherwise a deposit might be the best way to go for parties involved. Another example of how asinine Brazilians are in hidding behind bureaucracy and eating up this big business safety net crap.
    [/QUOTE]

    Since the maximum deposit is 3 months and it can take several months more to expell a renter that is not maying his rent, I’d never advise a property owner to accept a deposit.
    On the other hand, if a renter payed a deposit, some landlords will do everything in their power not to pay it back.
  • #276287

    Tony
    Participant

    Deposit works in the U.S. Problem here us that pre moving documentation and audit is non existing
    Small claims court and a lien again a property should do if landlord refuses to release deposits timely . It is a hassle thought.
    As a landlord , I know brazilian tenants can be slobs. But I am yet to see a term rental unit with appliances here.

  • #28460

    Oaktree
    Member
  • #311112

    Tony
    Participant

    Landlords are starting to accept a “Titulo de CapitalizaĆ§Ć£o” which is a lesser of evils. Now at least you will have something you can cash out.

    It’s like a Security Bond, just another product concoted by Insurers.

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