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asendimoro
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Venezuela Decrees "All Properties Leased for 20 Years Will Be Sold to Tenants in 60 Days at Governme

- Mish - Global Economic Analysis

This is utter foolish, to sell the property to current tenant. With this type of rules for property market, the lease and rental system would definitely go down. The duration of 60 days is very less. By this rule, no new industry would try sign any new lease agreement. Most of the companies would prefer buying or renting a place, than taking it out on a lease. Read more information regarding real estate on the following link.
[url=http://www.kevinbradleyrealtor.com/]http://www.kevinbradleyrealtor.com/[/url]

Commented 3721 days ago

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Beginning of the headline :Venezuelan president Nicolas Maduro proves once again the capacity for stupidity is virtually unlimited. Today Maduro mandated that any properties leased for 20 years or longer will be sold to current tenants at government mandated prices, essentially confiscating all long-term rental properties. Via translation from Libre Mercado, please consider Venezuela Expropriates Properties Leased More Than 20 Years. Nicolas Maduro, president of the Republic of Venezuela decreed on Monday that propert... Read More

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