Among the new conditions, the minimum term of the contracts will be increased from two to three years and the deposit will be set at one month’s rent at the time the contract is signed. Meanwhile, the tenant and the landlord will pay a commission to the real estate agency as fees.

In addition, the extraordinary expenses must be paid by the owners and not the tenants. And, although evictions have currently been stopped within the framework of social, preventive and mandatory isolation, the project establishes new deadlines that also favor the tenant.

As collateral, property titles may be presented, a bank guarantee, surety insurance and also a surety or joint guarantor and a personal guarantee of the tenant accompanied by a salary receipt or, for example, the income certificate.

In the debate that took place in the commission chaired by Ana Clara Almirón (Frente de Todos), there were differences and doubts, especially regarding indexing. In principle, there was an agreement to advance in a rapid process and without modifications that would force the initiative to be dealt with again by the lower house, although some change in the venue has not yet been ruled out.

Senator Beatriz Mirkin proposed a “social rental” for young people who go to study in urban centers. Senator Magalena Solari requested the same, while Silvina García Larraburu, author of a rent law, regretted the delay in reaching this debate.

The same committee voted in favor of a bill presented by Neuquén senator Oscar Parrilli (Frente de Todos) that suspends for 180 days the constitution and registration of Simplified Stock Companies (SAS). In line with last week’s proposals, the ruling party again voted against an initiative of Mauricio Macri’s administration.

In the discussion, the radical Pamela Verasay complained: “The Law to Support Entrepreneurial Capital had a majority consensus and today I see a suspension of this type. This is not even the project that came to me at the entrance table, it is very difficult to work with consensus like this with these types of rules. Esteban Bullrich, from Together for Change, also warned that “due to the seriousness of the project and the importance of the SAS we would need to take additional days to analyze the modifications.” Parrilli, on the other hand, defended his initiative: “The modifications that we propose are also recommendations made by both the FATF and the OECD insofar as the States should avoid money laundering mechanisms.”