ESPACIO PUBLICITARIO
CARACAS, Wednesday November 21, 2012 | Update
 
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HOUSING | The resolution was posted on the Official Gazette

Gov't sets the value per square meter for house rental

Pursuant to the rule, if a tenant ultimately buys a property under the calculation method attached to the rented house, then the tenant should act likewise based on the same methods

EL UNIVERSAL
Wednesday November 21, 2012  01:58 PM
A new method to estimate the replacement value of real estate has been made formal on Wednesday. Therefore, from now on, it will be possible to set the value of dwellings for rental.

The resolution that sets the value of construction (Bs / M2) according to the type of rented house was published in the Official Gazette No. 40054. The formula will be used "to calculate the fair value set forth in the Law on Regulation and Control of House Rental."

The rule involves the inspection of property.

A check table to set the value of the construction in order to implement the replacement value will apply.

Pursuant to the rule, if a tenant ultimately buys a property under the calculation method attached to the rented house, then in the event of selling the property the tenant should act likewise based on the same methods.

Translated by Conchita Delgado
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Explaining impunity at the UN

When we look at the issue of human rights in Venezuela and the relevant reports submitted each year, a clear pattern emerges, namely, the impunity following the violation of rights such as freedom of expression, political rights, and the right to life and personal integrity, which has Venezuela consistently ranking among the lowest scorers in assessment indices.

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