Notice period to request renewal
6 months before expiry
Decree 126-97, art. 25Decreto 126-97Under Decree 126-97 (arts. 5, 6, 9, 11, 25 and 26 checked in the FAOLEX PDF on Aug 22, 2026): art. 9 sets up to 30 years, renewable, for housing, reforestation, sustainable environmental development, recreation, industry, commerce, livestock, poultry, beekeeping and salt works, and likewise up to 30 years, renewable, for hotels, recreational, the renewal is “similar to the original lease”, the tenant who applies for it has priority, and the application is filed 6 months before expiry (art. 25). Rent is paid annually and in advance, or with a minimum advance of 20% of the annual installment (art. 11); the tenant may assign only the entirety of the leased property (art. 26); on the coast, housing and recreation are capped at 2,000 m² with a maximum beach frontage of 80 m (art. 6). The “review of use and rent every 5 years” that a studocu summary attributed to the law does not appear in its text. The rent table in art. 10 has yet to be compared with AG 151-2024.
Read moreRead less
- Maximum OCRET lease term
Up to 30 years, renewable
Decree 126-97, art. 9Decreto 126-97 - Rent payment
Annual and in advance, or a minimum 20% advance on the annual fee
Decree 126-97, art. 11Decreto 126-97 - Maximum coastal area for housing and recreation2,000 m² with a maximum 80 m of shoreline frontageDecree 126-97, art. 6Decreto 126-97
