It will be sent to the Executive Branch for promulgation.
SANTO DOMINGO- The Senate of the Republic approved yesterday, Monday, August 4, in its second reading and with modifications, the Bill on Rental of Real Estate and Evictions, whose regulations highlight in article 13 that the owner may require the tenant or lessee, as a deposit, an amount not greater than two months of the rental price.
The legislation was passed with a vote of 22 of the 24 senators present at the Extraordinary Session held this Monday; henceforth the bill will be sent to the Executive Branch for its subsequent promulgation.
Article 2 of the initiative details that this law applies to rental contracts, with the exception of rural properties, boarding houses and lodging, parks or companies in free zones that operate under the current law, as well as rentals of properties for tourist or recreational purposes, whose duration is no more than ninety days, in addition to the State's assets given in rental or lease and any commercial activity governed by special law.
Article 7 stipulates that the brokerage commission will be paid by the party contracting the service. Any listing or offer for renting a property is presumed to have been ordered or contracted by its owner. The paragraph concerning legal expenses related to the rental agreement states that these will be shared equally between the landlord or their representative and the tenant or their representative.
Article 8 also states that the adjustment of the rental price of the property will be subject to the agreement between the parties; if the property is intended for housing and the adjustment has not been expressly agreed upon, it may not exceed 10% of the rent amount.
The document, in its number 13, highlights that the owner or lessor of a property intended for housing may require the tenant or lessee, as a deposit, an amount not exceeding two months of the rental price.
Article 15 also stipulates that the sum agreed upon as a guarantee, accompanied by a copy of the rental agreement, may be deposited by the owner or lessor in the branch of the Agricultural Bank or the Multiple Reserve Bank of the Dominican Republic, corresponding to the location of the property, by prior agreement between the parties.
