Real Estate Agents Under Fire for Demanding Proof of Income from Potential Tenants



DECO has received complaints from potential tenants who are being asked for pay slips and proof of income before signing any rental contracts.

A-2

DECO has recently received numerous complaints from potential tenants who have been asked to provide pay slips and proof of income in order to visit a house. These documents are being requested by real estate agents who claim to be ensuring the fulfillment of rental contracts with landlords. However, potential tenants report that this demand is made even before they have signed any rental contracts, without there being any contractual relationship established between them and the real estate company.

Real Estate Agents Under Fire for Demanding Proof of Income from Potential Tenants

In 2018, a bill was published approving the model real estate mediation contract with general contractual clauses, which include the identification of the business, the identification of the property, the liens and charges, the contracting regime, the payment, the obtaining of documents necessary for the realization of the business, guarantees of mediation activity, the term of the contract, and the duty of collaboration and obligations of the second party. According to this decree, the future tenant must cooperate with the agent in providing all the useful information. However, DECO does not agree that documents such as tax returns and pay slips can be requested without breaching the principles laid down in the General Data Protection Regulation (GDPR). All data collected must be adequate, relevant, and limited to what is necessary, as well as being used for specific, explicit, and legitimate purposes, and cannot be further processed in a way that is incompatible with those purposes.

There are more and more complaints, as well as concerns and doubts relating to the early payment of rent and the amounts of security deposits. The 2023 State Budget Law, which introduced an amendment to the Civil Code, establishes new regimes for these two matters. Thus, if there is a written agreement, the rent can be paid in advance for a period of no more than two months, and the landlord can only ask the tenant for a deposit of no more than two rents. DECO is against the request for money from the future tenant to visit a property, as it is not included in this regime, nor does it have a current legal framework. The association argues that legal solutions should be developed for this type of matter.

A-3

The demands made by real estate agents for pay slips and proof of income from potential tenants have raised concerns about privacy and legality. DECO is advocating for a clear legal framework to address these issues and protect the rights of consumers and tenants.

Real Estate Agents Under Fire for Demanding Proof of Income from Potential Tenants

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone

AD4


House Prices Fall in Switzerland: Key Insights Unveiled

Discover the shifting dynamics of Switzerland real estate market as apartment prices rise and single-family homes decline. Essential insights for buyers.

Discover the shifting dynamics of Switzerland real estate market as apartment prices rise and single-family homes decline. Essential insights for buyers.

Read more

Canada Real Estate: Positive Trends Amid Rate Changes

Discover how the recent interest rate cut impacts Canada real estate market, with a 9.1% rise in transactions in early 2024.

Discover how the recent interest rate cut impacts Canada real estate market, with a 9.1% rise in transactions in early 2024.

Read more

Controlling personal finance and budgeting app

What are Top Real Estate Hotspots in Portugal for Foreign Buyer?

Discover why Lisbon, Porto, and Faro attract over 50% of non-resident loans in Portugal real estate market. Explore these thriving hotspots now!

Discover why Lisbon, Porto, and Faro attract over 50% of non-resident loans in Portugal real estate market. Explore these thriving hotspots now!

Read more

Brussels Real Estate Market Update: Prices Cool, Homes Still €100,000 Pricier

Discover how the Brussels real estate market is shifting, with a cooling trend in prices but homes still commanding high premiums. 

Discover how the Brussels real estate market is shifting, with a cooling trend in prices but homes still commanding high premiums. 

Read more

Buy Land & Vacant Lots on Easy Monthly Payment Plans

New Zealand Real Estate Market Cools Further in June: A Comprehensive Analysis

Explore the latest trends as housing prices and sales decline across New Zealand. Get a comprehensive analysis of the cooling New Zealand real estate market.

Explore the latest trends as housing prices and sales decline across New Zealand. Get a comprehensive analysis of the cooling New Zealand real estate market.

Read more

Luxury Living: A New Investment Niche in UK Real Estate

Discover the resurgence of holiday let investments in the UK real estate market, presenting asset managers with lucrative opportunities in luxury living.

Discover the resurgence of holiday let investments in the UK real estate market, presenting asset managers with lucrative opportunities in luxury living.

Read more

Buy Land & Vacant Lots on Easy Monthly Payment Plans

Investment Property with Pool in Portugal: 61% Higher Costs

Explore why investment property with pool in Portugal are 61% more expensive. Understand the market dynamics and benefits of pool ownership.

Explore why investment property with pool in Portugal are 61% more expensive. Understand the market dynamics and benefits of pool ownership.

Read more

Why Foreign Investors Are Retreating from US Real Estate?

Explore the factors driving the decline in foreign investment in U.S. real estate and insights from experts on the shifting housing landscape.

Explore the factors driving the decline in foreign investment in U.S. real estate and insights from experts on the shifting housing landscape.

Read more

Cyprus and Greece real estate market: Rental Yields Soar to New Heights

Explore the surge in rental yields in Cyprus and Greece, fueled by increasing overseas interest. Uncover the investment opportunities now!

Explore the surge in rental yields in Cyprus and Greece, fueled by increasing overseas interest. Uncover the investment opportunities now!

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.