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Minimum long-term rental contract to be one year           

New legislation stipulates that the minimum period for long-term rental agreements is one year and renewable for three years. According to the decree, “SIMA” (“Serviço de Injunção em Matéria de Arrendamento” – Lease Injunction Service)  will be created to strengthen tenants’ rights, namely for the reimbursement of improvements incurred by tenants. The legislation also assures the continuation of the National Rental Office (BNA), which has exclusive jurisdiction to deal with procedures for evictions.

Dennis Swing Greene – info at  madeira-weekly.com

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