ESPACIO PUBLICITARIO
CARACAS, Wednesday November 21, 2012 | Update
 
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HOUSING | The resolution was posted on the Official Gazette

Gov't sets the value per square meter for house rental

Pursuant to the rule, if a tenant ultimately buys a property under the calculation method attached to the rented house, then the tenant should act likewise based on the same methods

EL UNIVERSAL
Wednesday November 21, 2012  01:58 PM
A new method to estimate the replacement value of real estate has been made formal on Wednesday. Therefore, from now on, it will be possible to set the value of dwellings for rental.

The resolution that sets the value of construction (Bs / M2) according to the type of rented house was published in the Official Gazette No. 40054. The formula will be used "to calculate the fair value set forth in the Law on Regulation and Control of House Rental."

The rule involves the inspection of property.

A check table to set the value of the construction in order to implement the replacement value will apply.

Pursuant to the rule, if a tenant ultimately buys a property under the calculation method attached to the rented house, then in the event of selling the property the tenant should act likewise based on the same methods.

Translated by Conchita Delgado
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Living with HIV/AIDS (I)

Let us start by looking at what appears to be a discrepancy in figures. According to official statistics, the number of Venezuelans contracting HIV/AIDS every year amounts to 11,699; and as per Ministry of Health figures 43,805 people receive free antiretroviral medications.  But Jhonatan Rodríguez, the president of ONG StopVIH, claims that these figures date back to March 2012, and that they are quoted as current figures.

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