What do we do?
How do we work?
- Lepore Propiedades is
fully up to date with an evolved and sophisticated computer
technology that keeps all the details of the properties of our
portfolio. In our offices, we use digital photographs as well as
cards to provide our applicants precise details of the
properties.
- Lepore Propiedades
advertisements are always present in the most important newspapers
of the country. ( Clarín/ La Nación)
- We devote special attention to static
publicity. We use bright colour signs with big letters specially
created by our Design Department.
- We have an important
database of clients and investors who, weekly, receive details of
the latest properties in our portfolio as well as date and hour in
which the properties can be visited.
- In our offices, all
of which are strategically located in highly visited walking
points of the city, we provide potential purchasers with an
insight of the property by means of photographs and cards with
information that includes every detail.
Letting & Management of
properties
We collect the rent in cash, and we give
you the money of the rent also in cash, or else, we deposit the sum
in your bank account if so required. This service also includes the
control of the tenant's obligations, common expenses, services and
taxes as well as the cancellation of the contract.
About
Us
Our company
works together with its clients through personalised searches by means of
the most modern selling tools. For that purpose, we contact other
first level real estate agents who are also part of the SOM [MOS]
(Multiple Offers Service). When you hire Lepore Propiedades
services, you benefit from our personal management and the
simultaneous collaboration of more than 200 top real estate agents.
When Lepore
Propiedades is authorised a property for its commercialization we do
not limit ourselves to introduce its data in our files, to place an
announcement and to hope that some possible client is interested in
his building. Instead, we keep a careful control of the operation
aiming at suggesting any modification that we might consider
necessary to adapt the offering conditions of the property to the
changing situations of the real estate market.
Our company
started its activity in the real estate market at the end of 1970.
It was based on Alfredo Lepore's experience as a qualified broker
in"Agencia Marítina Internacional" (International Maritime Agency)
and Fletamar (agent of Ciamar). This is how our company is created
and how it will be characterized by its original approach to real
estate business.
The combination of experience and
commercial relations provided us with a favourable launching pad,
since shortly afterwards, we began to develop complex commercial
transactions.
As well as a dynamic concept of calculated
risk and own capital investment, we also integrated Joint Venture
with lot proprietors to build and recycle buildings that were
efficiently sold by our company.
These are milestones of our
rapid growth: In 1984, the valuation of all the properties in
Capital Federal belonging to Great Britain. After a selection among
the five most well known real estate agencies, we were chosen by the
Embassy of Switzerland, which at that time looked after the British
interests in our country.
In 1986 "Banco del Exterior"
entrusted us the task to sell the building in Pico 1701, which was
part of its assets. We were also exclusively chosen to valuate the
plant and laboratory of "Johnson & Johnson" in Capital Federal
that demanded very sophisticated criteria due to the technical
complexity of its assets.
This was followed by the first
pilot sale with operative system VAVIS through "Banco de la
Provincia de Buenos Aires" in 1987.
The expertise showed in
the solution of unusual real estate transactions allowed us to gain
reputation, which was stated in several TV and radio programmes as
well as in the press. Since then, our opinion is constantly asked.
While we were placing ourselves in a higher position within
the crowded real estate market, we were growing structurally. In
this way, our office situated in Barrio Norte, Las Heras 2406 grew
very fast and became one of the leading real estate agencies in the
market. In May 1999,
Mr. Christian Cester, who had a vast
experience in this sector, joined our staff and was appointed to run
the branch in Boulevard Olleros (Belgrano). Very shortly and in
spite of the economic crisis, this office developed rapidly and was
placed among the leaders real estate agencies in the area. In 2003,
facing the growing demand of properties in the north area, Graciela
Lepore took the management of the branch in Boulevard Olleros and
Christian was the one who carried out the project to open an office
that fulfilled the neighbours' needs in "Barrancas de Belgrano,
Belgrano R, Colegiales and Nuñez. At the same time, new branch
was opened near Av. Cabildo and Av. Juramento.
Nowadays, the
company consists of a team with twenty skilled professionals in the
real estate business, as well as a group of co-workers with high
level expertise acquired through the training courses delivered
inside and outside the organization. We have joined national
entities such as "Cámara Inmobiliaria Argentina" (CIA) (Argentine
Chamber of Real Estate), FIRA and also international entities, such
as FIABCI. The interconnection with real estate organizations:
firstly, VPC; secondly, VP; nowadays SOM [MOS] (Multiple Offers
Service) and TOP Real Estate for Internet has consolidated the range
of resources that allow us to offer quick solutions to our clients.
With the doors opened to a future of steady transactions, we
are prepared to provide a renew momentum with our presence in the
market.
Through agreements with entrepreneurs and
institutions our company, which is well known because of its
honesty, technical capacity and presence in the market, is ready to
walk along the road that is reserved only for those who are able to
do so.
Our
Mission
Lepore Propiedades is a company focused
on clients where the professional and personal development of the
staff members are fundamental, generating the necessary incomes to
satisfy the company's steady growth and development. We offer the
best service supported by a professional team on the vanguard of the
markets' needs.
Frequently Asked
Questions BUYING AND SELLING
What documents
should be signed before the deed? Usually, three
documents must be signed: a binder, a preliminary sales contract and
a deed.
What is the Binder? A preliminary agreement secured by the payment of
an earnest money deposit, under which a buyer offers to purchase
real estate.
What are the
principal effects generated by the Binder? Once the offer
to purchase has been accepted by the seller, the property is
withdrawn from the list of properties on sale and there begins the
preparation of the papers leading to the signing of the deed.
What happens if
the buyer decides not to buy the property after the binder?
In this case, the buyer loses the sum of money delivered as
binder. For this reason, it is advisable that the purchaser is
completely sure that he is going to carry out the purchase before he
delivers the binder.
What are the
concepts that appear in the binder? The purchaser informs
the price he offers for the property and the dates of the signature
of the preliminary sales contract or the deed.
Once the offer has been accepted
and the buyer has been given notice, what comes next?There
generally follows the signature of the preliminary sales contract
within the term stated in the binder.
What percentage of the price
should be paid at the moment of the signature of the preliminary
sales contract? At this stage, the buying party pays 30% of
the total price. However, the percentage may vary if the parties so
agree.
What is the
Abstract of Title? A condensed history of all documents or
facts appearing on public records which affect the title to real
property, starting with the earliest existing document and ending
with the most recent.
What is an
Inhibitions Report? It's a report issued by the Real Estate
Registry that shows whether there are temporary restraining orders
preventing a debtor from encumbering or selling the property.
What happens if the titleholder
of the property appears in records as dead? The general
principles state that the Title Holder, as appears in the records of
the Registro de la propiedad inmueble must only sell a property.
Nevertheless, the law establishes exceptions under certain
requirements a) Administrative and judicial formalities of the
succession of the deceased person must have been fulfilled before so
that the heirs entitled to sign the preliminary sales contract and
the deed can be identified. b) The registration of the heirs as
Title Holders of the property or the sale must have been authorised
by a Judge. A Notary Public must include all these information in
the deed for its registration. This type of deed is called "Venta
por Tracto Abreviado" (stretched chain of title) since the buyer is
registered as the Title Holder directly after the deceased Title
Holder without reference to the heirs.
How many days
should pass from the signature of the preliminary sales contract and
the deed? These terms are usually agreed upon between the
parties. No less than thirty days are recommended.
Who appoints the
Notary Public? In most cases, the buyer appoints the Notary
Public before the preliminary sales contract is signed. There are
exceptions: a) the seller appoints the Notary Public when he
receives a down payment and finances part of the purchase price of a
property . The same thing happens with brand new buildings or brand
new plots.
Is the Buyer
entitled to appoint the Notary Public if the transaction is made on
the basis of a bank Loan? Of course, by National law issued
in April 1999, the bank cannot impose a Notary public. There can be
one Notary Public for the Deed and one for the Mortgage. It is not
true that appointing only one Notary Public is cheaper, since copies
of the documents and certificates required by the Notary Public for
the Deed can also be used for the mortgage.
Is it possible to appoint a
Notary Public from a district different from the one where the
property is located? It is possible. The Notary Public is
entitled to register transactions in any place within the country.
In some provinces, there are certain operations, such us the
registration of new Title Holder, which must be carried out by a
Notary Public of the district. Nevertheless, any National Notary
Public can do the deed.
What is the role of the Notary
Public in the signature of a Deed? A Notary Public is an
officer whose function is to take acknowledgements of deeds, attest,
and certify the same, by his hand and official seal, in order to
give them claim and authenticity. He is also in charged of studying
and verifying the history of the title safeguarding the buyer and of
the registration of the same the Real Estate Registry.
Who must pay the fees of the
Notary Public and how are expenses distributed? The buyer
pays the fees of the Notary Public. As regards Expenses, according
to customs and tradition, the seller must pay the expenses generated
by all the formalities prior to the signature of the deed, after
closing, the expenses must be paid by the buyer. (E.g. registration
of the new Title Holder)
What happens with unpaid taxes
and service rates? Before the Deed, the Notary Public will
study the account status of taxes and service rates. In case there
were unpaid, taxes the Notary Public must hold the amount of money
required for the payment at the moment of the signature of the deed.
As regards unpaid service rates (electricity, gas, telephone) an
estimate amount of money based on the last consumptions must be
held. In condominiums, a certification of common expenses debts is
required .
When is the possession received?
The possession of the property is usually received on the
same date the deed is signed. The new Title Holder receives the keys
to the property and takes possession of the property.
RENTS
How are the parties of a contract
called?
a) The party who pays is called Lessee,
Renter or Tenant ( if pertaining to a land)
b) The party who
receives the payment is called Hirer, Lessor or Landlord (if
pertaining to land).
Is it possible to agree upon the
currency of payment? No. The payments must be done in
pesos, which is the currency of legal tender. The fixation of the
initial price of the lease or rent does not recognize legal
restrictions, as well as either the convention of payment of
expenses, taxes or other headings.
Which are the maximum and minimum
terms? As regards the minimum terms, the law differentiates
the leases according to the purpose of the lease: if the lease is
celebrated for the purpose of home, the minimum term will be 2
years; for other purposes (commerce, industry, exercise of
professions, etc.) this term will be 3 years. On the basis of this,
any rent contracts celebrated by smaller terms will be considered as
celebrated by the legal terms. The following contracts are exempted
from this regime:
a) The hiring for embassies,
international consulates and organisms, as well as those contracts
celebrated by the personnel of the aforementioned organisms, which
can be agreed freely.
b) The leases of furnished houses for
tourists in areas apt for that destiny that will have a maximum term
of 6 months.
c) The occupation of places destined to guard,
animals, vehicles or other objects, and those that are part of a
building destined to houses which have been rented separately for
the same purpose, for which it also governs the freedom of
hiring.
d) The leases of places in markets or fairs do not
need to abide the legal minimum term.
e) The leases in which
the National or Provincial State, municipalities or autarkic
entities participate as renters are not subject to the legal minimum
term. As far as the maximum term,
the law establishes that the lease contract cannot be celebrated for
more than 10 years. In case it exceeds this time limit, the contract
will be considered matured at the 10 years.
What happens if having expired
the term established in the contract, the lease continuous staying
in the property? The law establishes that: holding over
shall occur upon termination of the lease as a matter of law, any
judicial or extrajudicial demand requiring the Lessee to quit being
unnecessary. Furthermore, the Lessee shall not understand that the
term of the contract shall be extended since the Lessor is entitled
to bring action for restitution of the demised property.
Notwithstanding the term the Lessee there should have been at any
disposal of said property.
Should the payments be always
fixed per month? Yes, it is a requirement established by
law, limiting in this case the principle of freedom of hiring
settled down as a general rule for all contracts.
What is the difference between a
collateral guaranty and a security deposit? A collateral
guaranty is a contract by which a third party undertakes the
responsibility for the repayment of debts incurred by the lessee in
case it defaults.A security deposit is a sum of money the Lessor
holds as a guard for the fulfillment of obligations arising from the
lease. It is similar to the collateral guaranty but personal.
Is it possible to agree upon the
payment of goodwill? The payment of goodwill is fixed on
purchases related to business and industries, but it is forbidden
for purchases of houses.
Is it possible for the Lessee to
end the lease contract before maturity date? The law that
regulates urban leases states that leases of houses may be
terminated by the Lessee after the first six moths of having
celebrated the lease, notice of which must be given to the Lessor at
least sixty days before the date of restitution of the premises. It
also states that in case this option is taken during the first year
of contract the Lessor is entitled to an indemnification by the
later in a sum equivalent to one and a half monthly rent, if the
option is taken after the aforementioned period, the sum shall be
equivalent to one monthly rent.
What happens if the Lessee dies?
In the event the Lessee died or deserted the premises the
contract shall be considered valid until the expiration date within
the terms and conditions so stated and the obligations shall be paid
by its heirs, relatives or any other person with whom the Lessee may
have lived.
Is it possible to determine
whether a collateral guaranty has been bought or not? In
order to determine the truthfulness of a collateral guaranty it is
necessary to submit an application form (form Nº 5) called
"Solicitud de frecuencia de informes requeridos respecto de inmueble
determinado" [ Application form for the frequency of reports
requested as regards a specific property] before the Real Estate
Registry in order to obtain data about the number of certificates of
ownership that have been required over the property of the guarantor
90 days before the certificate is issued. In case there exits many
of such requirements the collateral guaranty may be considered
bought.
Likewise, the certificate of ownership
provides information about any impediment, mortgages or whether it
is registered as homestead. All those procedures can be carried out
by any individual and must be signed by a notary public, a lawyer or
an auctioneer.
The application form could be simple (the
report is issued within 8 days) or semi urgent (2 days)
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