Rent your property with Roomless

Insolvency in leases occurs when a tenant is unable to pay rent or meet other contractual obligations, such as paying condominium or utility charges against him or her. This can cause problems for the property owner, who may have to go through a lengthy and expensive legal procedure to recover his or her rights.

The property owner receives compensation for rent (including any utilities, condo fees, and added services including the all-inclusive fee) that has not been paid by the tenant due to the tenant's default.

1) The property owner reports the misconduct;
2) The team contacts the insolvent tenant to find an amicable solution;
3) If no settlement is reached, Roomless provides compensation for the missing rent;
4) The landlord initiates eviction proceedings through our legal team. All costs are borne by Roomless.
5) Roomless compensates the landlord until the tenant vacates the property.

An eviction procedure is the process by which a property owner can legally remove a tenant from their property due to contractual violations, such as missing payments of rent or violation of the terms of the lease. The eviction procedure varies depending on local laws and the nature of the violation, but usually begins with an eviction notice that gives the tenant a certain amount of time to correct the violation or vacate the property. If the tenant does not respond to the notice and does not correct the violation, the landlord can then file an eviction appeal in court. A judge will then decide whether the landlord has the legal right to evict the tenant. If the judge decides in favor of the landlord, the tenant must vacate the property within a period of time specified by the court.

The costs of the eviction procedure are borne by the Roomless team.

A supplementary 3 months' worth of property damage coverage is a form of added security in addition to the security deposit collected by the property owner in case of damage caused by the tenant during the rental period. This type of indemnification can be used as an alternative security deposit, which assures the landlord that there will be funds available to repair any damage caused by the tenant.

The landlord must, during the property check, produce a handover report where they clearly outline the state of the property. At the end of the tenancy, at check out, the landlord will check for any dissimilarity between the status identified in the handover report. If there is identified damage valued above the amount of the security deposit, the owner will report the damage to Roomless via audiovisual material and our team, after verification, will proceed with compensation.

Roomless will provide legal assistance to the landlord to recover damages caused by a tenant during the occupancy. This legal assistance serves to help the landlord recover the monetary amount of damages caused by the tenant during the occupancy. This legal assistance may include services such as:

1) Damage assessment: an experienced lawyer will assess the damage caused to the property and determine the amount of compensation to be paid.
2) Processing of documentation: preparation of all necessary documentation to take legal action against the tenant.
3) Representation in court: representation of the landlord in court aimed at defending his or her interests in the event of a lawsuit against the tenant.
4) Negotiation: The lawyer will negotiate an agreement between the landlord and tenant to avoid a lawsuit and find a mutually satisfactory solution.

This type of service is NOT included in the guaranteed rent offer. Roomless will provide referrals to attorneys who specialize in these practices.

To assess the financial situation of a prospective tenant for a lease agreement, Roomless uses a number of tools and methods. Among them:

1) Income verification: requesting a tax return or proof of income, such as a pay slip or letter from the employer, to ensure that the tenant has sufficient income to pay the rent.
2) Credit checks: a credit check of the tenant is conducted to verify his or her credit history and determine if there are any credit problems, such as unpaid debts or other objections.
3) Referral: requesting references such as friends, family members, or previous landlords to get a more accurate view of the tenant.

Preparing a lease agreement means preparing and drafting a written agreement between a property owner and a tenant interested in leasing the property. A lease agreement is a binding legal agreement that sets out the rights and obligations of both parties and the terms of the lease. The Roomless team, during drafting, will work on defining the lease conditions and legal clauses. Identify the parties involved: The lease agreement must clearly identify the landlord and tenant and their personal information, such as name, address, and identification documents.

In Italy, lease registration is a legal requirement to submit a copy of the lease to the “Registratore dei Registri Immobiliari” (register of property records) of the place where the property is located, within 30 days from the date the lease is signed. Registration of the lease has several purposes, including:

1) Certification of the existence of the contract: Registration of the lease contract that certifies the existence of the contract and makes the contract fully effective and valid for legal purposes.
2) Protection of the rights of parties: Registration of the lease contract offers greater protection to the rights of the parties, as it ensures that the contract has been properly administered and meets all legal requirements.
3) Taxation: Registration of the lease agreement is necessary for the taxation of lease payments.

Failure to register the lease agreement, may result in administrative penalties, and can have consequences for the validity of the lease agreement.

The Roomless team provides the landlord with information and recommendations on what the rental price should be for a particular property, based on real estate market conditions and the characteristics of the property itself.
Our team is responsible for:

1) Analyzing the real estate market: checking real estate market conditions in the area where the property is located, including rental prices of other similar properties and market trends.
2) Evaluate the property's features: identify the property's characteristics, such as location, size, general condition, presence of amenities, and aesthetic features, to determine an appropriate rental price.

The “cedolare secca” is a tax option introduced in Italy in 2011 that allows property owners to opt-in to pay a fixed rate of 21 percent on the rent instead of paying taxes on income from the rental of the property. This option can be applied only for leases of residential properties, and only if the contract is registered. In addition, it is not possible to apply “cedolare secca” for free leases of a property or of a property classified as a "vacation home." It is important to note that by choosing to apply the “cedolare secca”, the owner will not be able to take advantage of tax deductions provided for expenses related to the leased property, such as renovation and maintenance expenses.

The property owner grants Roomless the exclusive right to promote and find a tenant for the property. The owner agrees to not personally search for a tenant for the property and not to entrust the promotion of the property to a third party during the term of the exclusivity agreement. Roomless has the right to exclusivity from the date the property is posted on the roomlessrent.com platform to 30 days after the date of first availability.

In case of entering into the contract independently, i.e. in the event that the owner leases the property covered by the said contract using its own channels, the owner is obligated to immediately notify Roomless of the incident and pay a penalty equal to one month's rent + vat.

The Roomless team verifies each property before posting it, making sure there is complete consistency between reality and the published listing. Our team will request from the owner:

- Copy of a valid ID;
- Copy of the cadastral certificates of the property;
- Possible copy of the last utility bill (electricity, gas, water);
Energy Performance Certificate (APE);
An exterior/interior video of the property.