Real estate · Editor
Residential Lease Agreement
Version: Short
RESIDENTIAL LEASE AGREEMENT
In the city of Asunción, Republic of Paraguay, on [Date: e.g. 05/02/2026], appears on one side [Party A name: e.g. Juan Pérez], holder of ID No. [Party A ID: e.g. 1,234,567], domiciled at [Party A address: e.g. Asunción], hereinafter "PARTY A"; and on the other side [Party B name: e.g. María González], holder of ID/Tax ID No. [Party B ID/Tax ID: e.g. 80012345-6], domiciled at [Party B address: e.g. San Lorenzo], hereinafter "PARTY B". The parties state that they have sufficient capacity to bind themselves and agree to execute this private instrument, subject to the following clauses:
FIRST: PURPOSE
PARTY A and PARTY B agree to the temporary grant of peaceful use and enjoyment of the property intended exclusively for family housing, located at [Property address: e.g. Avda. España 123, Asunción]. This agreement shall be interpreted in good faith, according to its economic purpose and prudent Paraguayan legal practice.
SECOND: PRICE AND PAYMENT METHOD
As consideration, price, rent, contribution or economic acknowledgment, according to the nature of the act, the parties establish [Monthly rent: e.g. Gs. 2,500,000 (two million five hundred thousand guaraníes)], payable from day [Payment day: e.g. 1] to [Deadline: e.g. 10] of each month. Every payment must be documented by receipt, bank voucher or sufficient written record.
THIRD: TERM
The term or effectiveness shall be [Term: e.g. 12 months], starting on [Start date: e.g. 05/02/2026] and ending on [End date: e.g. 05/01/2027]. Any extension, suspension or amendment must be made in writing and physically or digitally signed by the parties.
FOURTH: OBLIGATIONS OF THE PARTIES
- The LANDLORD shall deliver the property in habitable condition, with electrical and sanitary installations in normal operation.
- The TENANT shall pay rent on time, care for the property diligently and shall not change its use without written authorization.
- Electricity, water, ordinary use charges and common expenses, if any, shall be paid by the TENANT from effective delivery.
EIGHTH: JURISDICTION
For any dispute arising from this instrument, the parties shall seek an amicable solution. If disagreement persists, they submit to the competent ordinary courts of the Republic of Paraguay, without prejudice to mandatory rules applicable by subject matter or territory.
NINTH: ACCEPTANCE
Having read this document and as evidence of agreement, the parties sign two counterparts of the same tenor and for one single effect, at the place and date indicated above.
PARTY A signature: ___________________________
PARTY B signature: ___________________________