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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.

Dennis Swing Greene
info at madeira-weekly.com

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