Main aspects of the leasing law

Colombian Rental Law: A Complete Guide

The Colombian Rental Law, also known as Law 820 of 2003, regulates the relationships between landlords and tenants. At Servicio Legal, we explain its most important aspects so you can rent or lease a property without problems. If you wish to delve deeper into topics related to property and real estate, explore our Real Estate Law category.

Fundamental Aspects

Contract Duration

One of the most important aspects is the duration of the contract. Housing contracts have a minimum duration of one year, while commercial contracts may have shorter terms. The law requires that civil contracts be in writing, detailing the rental conditions: rental fee, obligations of the parties, and additional clauses.

Increases in the rental fee cannot exceed the Consumer Price Index (CPI) plus one percentage point per year. This measure protects tenants from excessive increases and guarantees payment stability.

You may be interested in: How does real estate law work in Colombia? You can also learn about Subletting Properties through platforms like Airbnb or Licenses for vacation or tourist rentals.

Guarantee of Habitability of the Property

Landlords must deliver the property in suitable conditions for habitation, ensuring the functioning of public services and the absence of serious structural problems. If you are involved in buying or selling property, understand the requirements with our guide on Purchase and sale of real estate. Necessary repairs during the lease are the landlord's obligation.

Early Termination of the Contract

The law regulates the early termination of the contract. Both the landlord and the tenant can terminate the contract before its expiration, provided certain conditions and deadlines are met. A minimum notice period of three months is required. The law protects tenants from unjustified evictions, requiring just cause and compliance with legal procedures. Non-compliance can result in penalties and compensation for the tenant.

Servicio Legal Can Help

Looking to rent a place or lease out a property but don't know how? At Servicio Legal, we help you understand the Rental Law so you can do it without problems. Our Real Estate Lawyer Services in Colombia are available to assist you.

With our advice, your rights and obligations as a landlord or tenant will be guaranteed. We look forward to hearing from you!

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