Individual or Company Acting as Guarantor (Real Estate as Collateral)

When a lease agreement uses a guarantor with real estate as collateral, the investigation includes both the guarantor and the property offered as security.

Property documentation (required in both cases)

·       Property deed registered with the Public Property Registry, free of liens, or deed of mortgage cancellation.

·       Current property tax bill (Predial) of the property offered as collateral.

·       Proof of address of the property used as collateral.

The property must be free of liens, have a reasonable value in proportion to the rent, and be located in a jurisdiction where legal enforcement is viable. This is verified during the investigation process.

If the Guarantor is an Individual

·       Valid official identification. If foreign, copy of immigration document.

·       Current proof of address.

·       Tax Status Certificate (Constancia de Situación Fiscal).

·       Marriage certificate. If married under community property regime, the spouse must also sign the lease agreement.

If widowed, a copy of the will or probate ruling is required.

·       Legal policy application form.

·       Updated Tax Status Certificate.

If the Guarantor is a Company (Legal Entity)

·       Company Articles of Incorporation.

·       Power of attorney of the legal representative.

·       Official identification of the legal representative. If foreign, copy of immigration document.

·       Proof of company address.

·       Tax Status Certificate.

·       Legal policy application form.

Note: The legal policy includes verification of the Certificate of No Liens on the property, or it may be provided by the guarantor with a maximum validity of one month.