PROCESSING CONTRACTS
A contract is a legal agreement, oral or written, expressed in common between two or more persons (parties to the contract) with legal capacity, who are bound by it, regulating their relations to a certain purpose or thing and to whose fulfillment they can be reciprocally obligated (bilateral contract) or one party can oblige the other (unilateral contract).
The contract is, in short, an agreement of wills, which can generate rights, obligations and other types of legal situations that only bind the contracting parties and ultimately their heirs.
A certificate is a written document that is normally produced at the request of the person who receives it and by a person with sufficient authority within the institution to establish that what was signed in the document has been complied with.
A Rental Contract is a document that regulates the relationship between two parties regarding the leasing of a property.
The landlord (owner) grants the use of his property to the tenant (renter), who pays a monthly fee for the period established in the contract.
In addition, the document contains the rights and obligations of both parties.
The duration of the lease must be freely agreed upon by both parties.
It is mandatory to pay one month´s deposit in cash in residential rental contracts, and two in the case of commercial premises leases.
A Deposit Contract is a private agreement between a buyer and a seller to formalize a prior commitment to acquire a property or real estate. It is also often called an advance payment.
The signing of the Deposit Contract entails a payment, as a deposit, by the buyer for the amount agreed by the parties. This formalizes a purchase commitment, which in the event of non-compliance by the seller or the buyer, would entail a penalty.
It is usually signed when a buyer is interested in a property and wants to prevent another potential buyer from getting ahead of them and acquiring the property.
A Loan Contract is a document established between two parties that reflects the delivery of an amount of money, or another fungible or non-fungible thing (what is known as a loan), with the condition of returning something similar and within a determined period of time. This loan may be free (a loan is always free) or, on the contrary, subject to the payment of interest.
A Money Loan Contract is understood to be one in which an entity (lender) provides an amount, in a determined currency, with the commitment that the applicant (borrower) returns it under the agreed conditions (repayment period, installments, etc.), paying the corresponding interest and commissions.
The Deposit is a mandatory legal concept. The tenant must pay the amount corresponding to one month´s rent upon signing the contract.
Once the contract is over, the good condition of the property is confirmed and as long as payments are up to date, the owner is obliged to deposit this amount within a specific period established by the official bodies of each Autonomous Community. In no case can it be used as payment for the last month´s rent, its purpose is to serve as a guarantee.
As a tenant, if you want to recover the deposit, at the end of the contract, you must meet the following requirements:
* Notify the owner in time and form of the decision to leave the property.
* Return the property in the same condition as it was at the time of signing the contract.
* Have no debts or pending payments on monthly rents or contracted utilities.
