REALWorld Law

Commercial leases

Types of lease

What types of arrangement does the law recognize which allow occupation and use of real property for a limited period of time?

Portugal

Portugal

The New Regime on Urban Lease Scheme (Civil Code and Law no. 6/2006, of 27.02., amended by the Law 31/2012, of 14 August, Law No. 79/2014, of 19 December, Law No. 43/2017, of 14 June and Law 13/2019, of 12 February (hereinafter referred to as NRAU) applies to urban buildings. The Rural Lease Regime (Decree-Law 294/2009, of 13 October) applies to farmsteads.

The applicable statutory scheme to urban buildings differentiates leasing for residential and non-residential purposes. A lease for residential purposes may be for a fixed period of time (Definite Term Leases) or for an unspecified period of time (Indefinite Term Leases).

Leasing for non-residential purposes may include the leasing of industrial real estate, commercial facilities, offices or for any other legally admitted use.

The law also recognizes:

  • rural leasing in which the tenant has the right to use the buildings that already exist provided they are used for any purposes associated with farming activity; and
  • forestry leasing.

Although the Contracts for the Use of Stores in Shopping Centres regime has not yet been approved, the regime has proved to be an alternative to non-residential contracts when applied to a commercial space integrated in a set of stores and for commercial spaces administered by a managing entity.