Landlord and Tenant Law in Nicaragua compared to Latin America
Nicaragua: Landlord and tenant laws
The amount of control the landlord has over his property, measured on a five-point rating scale:
- Strongly Pro-landlord = 2
- Pro-landlord = 1
- Neutral = 0
- Pro-tenant = -1
- Strongly Pro-tenant= -2
We look at factors such as the following:
- Can rents be freely agreed between landlord and tenant?
- Can the landlord collect security and rental deposits, and are the amounts limited?
- Must contracts be for specified periods? Can either landlord or tenant terminate early, and what are the penalties for early termination? Does the tenant have a right to extend?
- Does the court system work? How long can it take to evict a tenant for non-payment of rent?
For fuller details see the Data FAQ. The resulting rating is the Global Property Guide's view, and not necessarily that of the contributing law firm (in cases where we have asked law firms for contributions and input).
Source: Global Property Guide Research, Contributing Law Firms
Nicaragua has no house price statistics. The site of the Central Bank (Banco Central de Nicaragua) has quite good time-series, monthly and annual. Statistics are also published by the Instituto Nacional de Estad'sticas y Censos, but the site is somewhat eccentric, with many time-series apparently broken into two, 1990-1999, and 200-2002 ' and data only available in pdf format. There is also some statistical material in report format on the Ministerio de Econom'a y Finanzas site.