It is a fundamental obligation of the Tenant to pay rent to the Landlord for the use of the property.

The rent corresponds to a periodic pecuniary instalment, which means that, in the absence of an agreement between the parties, the first instalment is due when the rental contract is signed and the following instalments are due on the 1st working day of the month immediately preceding the one to which they relate. In other words, the rent for March is due in February.

The Landlord and Tenant may stipulate, in writing, the possibility of updating the rent and the respective regime. In the absence of a stipulation between the parties, the rent may be updated annually according to the update coefficients in force. The Landlord must notify the Tenant, in writing and at least 30 days in advance, of the update coefficient and the new rent to be applied.

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