A good contract protects both landlord and tenant
The lease agreement governs the landlord-tenant relationship. In Mexico, a well-drafted contract prevents 90% of legal conflicts.
15 essential clauses
Every professional lease should include: full party identification, property description, term, monthly rent, security deposit, annual increase formula, included services, permitted use, inventory, pet policy, subletting conditions, early termination causes, penalties, guarantor data, and jurisdiction.
Guarantees: traditional guarantor vs. modern alternatives
Alternatives to traditional guarantors include legal insurance policies ($3,000-$8,000 MXN annually), larger deposits, bank guarantees, or promissory notes.
