Post by account_disabled on Jan 30, 2024 11:06:23 GMT
The number of lawsuits involving property rental contracts filed in the state of São Paulo increased. According to data from the Court of Justice, the total went from 1,174 cases in February 2016 to 1,566 in the same month this year, an increase of 33.4%. Of this amount, actions for non-payment of rent were responsible for 87.9% of cases, with 1,377 lawsuits. According to lawyer a specialist in Real Estate Law, the economic and financial crisis that the country has been going through contributed to the increase in defaults in the area of property rental.
“There are business owners who are barely making a Buy Phone Number List profit or are at a loss and are unable to pay their rental expenses. As a result, many companies are closing or have already closed their doors.” In the case of tenants of residential properties, according to , the situation is similar. “From the beginning of the crisis until today, people are either losing their jobs or experiencing a decrease in their income. Given this, even though the rental is a fundamental expense, and not superfluous, they are not able to meet their commitments in this regard. This is the effect of the crisis. It’s a question of reduced financial capacity and income,” he notes.
With the aim of making life easier for tenants and real estate agencies, a group of entrepreneurs created an online service for rent guarantees, based on the credit card limit, reducing bureaucracy in the entire process. In addition to acting as guarantor when signing the rental contract, provides the payment of rent in cases of default. The startup uses an algorithm to assess the risk of each client. According to the CEO the customer simply needs to present the last paid credit card invoice (with a limit corresponding to at least four times the reported amount) from anywhere in Brazil for the algorithm to be able to identify the behavior of the tenant and determine, also analyzing other bureaus, whether the proposals will be approved or not. "CredPago made the rental guarantee process simpler and faster. We eliminated all the excess documentation required for registration analysis and focused much of our analysis on the tenant's credit card behavior”, explains Cardoso.
“There are business owners who are barely making a Buy Phone Number List profit or are at a loss and are unable to pay their rental expenses. As a result, many companies are closing or have already closed their doors.” In the case of tenants of residential properties, according to , the situation is similar. “From the beginning of the crisis until today, people are either losing their jobs or experiencing a decrease in their income. Given this, even though the rental is a fundamental expense, and not superfluous, they are not able to meet their commitments in this regard. This is the effect of the crisis. It’s a question of reduced financial capacity and income,” he notes.
With the aim of making life easier for tenants and real estate agencies, a group of entrepreneurs created an online service for rent guarantees, based on the credit card limit, reducing bureaucracy in the entire process. In addition to acting as guarantor when signing the rental contract, provides the payment of rent in cases of default. The startup uses an algorithm to assess the risk of each client. According to the CEO the customer simply needs to present the last paid credit card invoice (with a limit corresponding to at least four times the reported amount) from anywhere in Brazil for the algorithm to be able to identify the behavior of the tenant and determine, also analyzing other bureaus, whether the proposals will be approved or not. "CredPago made the rental guarantee process simpler and faster. We eliminated all the excess documentation required for registration analysis and focused much of our analysis on the tenant's credit card behavior”, explains Cardoso.