With rental prices that shot up
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
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
-a valid substitute for a traditional guarantee- with a
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.
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
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,
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
In this sense, "Guarantee + Easy" facilitates access to
the agency, through surety insurance to choose between
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;
, with coverage by
In the case of the Buenos Aires public bank, if the tenant is a client of the entity and pays the "
" 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.
"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
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
, 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
people who have been favored with
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 vivienda.buenosaires.gob.ar, click on the "Apply" button
identify themselves through the
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
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
: 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."
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