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Official rental plan: who can access a 70% discount guarantee


With the benefit, tenants who do not have a guarantor get a surety bond insurance that replaces it at a low cost. Requirements to sign up.

With rental prices that shot up

almost 100%

in 2022 and tripled in just 24 months, entering a home or renewing a contract in the City of Buenos Aires has become very complicated.


the worst situation

is that of those tenants who do not have a family member or friend who owns them as a guarantor.

And that they must then

go to private companies

 to support them in the contract, at a cost that is measured in months of rent.

Some families, however, now have a way to

alleviate that burden

and pay much less, if they take advantage of an official plan that

subsidizes access

to non-owner collateral in the City.

This is the "

Guarantee + Fácil

" program, through which the City Government allows low- and medium-income tenants to obtain

surety insurance

-a valid substitute for a traditional guarantee- with a

70% discount

on the price of market.

The City Housing Institute (


) had launched this initiative at the end of 2021 and in recent months expanded it with 

more insurance options


How do I have to 


to access the subsidy and what are the



To continue; the details.

The plan allows you to alleviate one of the main costs when moving or renewing a contract.

Photo: Telam/File.

What is surety insurance and how does it work?

Surety insurance is one of the types of guarantee contemplated in the new Rental Law 27,551, as


to the classic owner guarantee.

With this modality, an insurance company regulated by the Superintendence of Insurance of the Nation is paid so that it remains in the contract as the one in charge of

paying the owner

the rent, expenses and other expenses if the tenant stops doing so.

Technically, what is issued is

a policy

that obliges the company to respond to the owner for possible breaches, 

up to a certain amount


Surety bonds are offered directly by


and also by property search portals,


and specialized



In general, its cost is

between 1.5 and 2 months

of rent, an amount that can be paid in installments. 

What does the "Guarantee + Easy" plan consist of and what surety insurance does it offer?

“Today, the average renting household spends close to


of its income

on rent, much more than before.

If we add the deposit, the guarantee and the cost of moving, the initial payment becomes


", explained Christian Werle, the new holder of the IVC

"We also know -he continued- that it is impossible to resolve the underlying issue while we have

annual inflation of 95%

. In any case, we promote a series of programs so that residents can rent more easily and with

less expense


In this sense, "Guarantee + Easy" facilitates access to

alternative guarantees




the agency, through surety insurance to choose between

different companies


At the beginning, the companies ACG (ex Sura, through Zonaprop), Woranz and Alba Caución were part of this program.

But then others were added: Credit and Surety;

Triumph Insurance;

and recently

Banco Ciudad

, with coverage by

Sancor Seguros


In the case of the Buenos Aires public bank, if the tenant is a client of the entity and pays the "

City Guarantee

" with their debit card, they get an extra 15% discount, which brings the benefit of the plan to

85% in total


In this way, as indicated to


, for a rent of


per month, with the Bank's reduction and the IVC bonus, the final price of the guarantee would be



Landlords always ask that a guarantor agree to pay the rent if the tenant defaults.

Photo: File.

"Guarantee + Easy" Plan: who can access the 70% subsidy and what are the requirements?

The benefit is granted to people

over 18 years of age

with an

Argentine DNI

who do not have an unfavorable financial background and who intend to rent a home to live in, located within the 

Buenos Aires territory


The tenant and his family group must have a

total income


up to

7 minimum

, vital and mobile salaries.

Therefore, if the calculation is made to February 2023, together they should earn

no more than $474,201


As provided, the

monthly rental value

 cannot exceed 654 Purchasing Value Units (UVA), which currently represents about


In addition,

people who have been favored with

another benefit

from the IVC or from the Municipal Housing Commission (CMV)

will not be able to access the subsidy.

And neither are those who are in the registry of food debtors.

How to apply for the Guarantee + Easy plan?

Interested parties who meet all the requirements must enter the website, click on the "Apply" button


identify themselves through the


system .

Then, a

web form

will appear , through which they must enter their personal data and present all the documentation related to the family group and their economic situation.

The benefit is available to individuals and family groups with income of up to 7 minimum wages.

Photo: German Garcia Adrasti.

What else must be taken into account to complete the process?

Even if it is a couple of tenants, one of them must appear as the


 and the other may join as


-owner .

To expedite the loading of the form, the IVC recommends that both have on hand the documents that

prove their income

: for example, salary receipts or proof of registration to the Monotributo.

The application can fit into one of these

three categories

: home with or without children, retired or student.

And it is clarified that in these last two cases the applicant must add a



Is it possible to apply before knowing which home will be rented?



Tenants "can apply to the program already knowing the house that will be rented or start the search once they apply to the program," they indicated from the IVC.

And they added: "Once the property is chosen and

the guarantee is accepted

by the owner, the insurer

verifies the rental contract

and proceeds to issue the corresponding policy."


look too

Rents skyrocketed: how much are they asking now for a 2-room apartment in each neighborhood of the City

Sharp increase in rents: how to calculate how much you will pay from February 2023

How to get a guarantee to rent: the options with the new law, costs and risks

Rentals: after the new law, 5 key questions about the deposit and how it is returned

Rentals: what the new law says about repairs and how to act in the event of a failure or breakage in the house

Official loan for young people: how to request $1,000,000 at a low rate and with a 3-year term

Source: clarin

All news articles on 2023-02-01

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