Common use of SIGNATURE OF THE CONTRACT Clause in Contracts

SIGNATURE OF THE CONTRACT. The parties accept the present contract, its annexes and its legal effects and undertake to execute it in good faith. At [place] on [date]. __________________________ [▇▇▇▇▇▇▇▇'s name] __________________________ [Tenant Name 1] __________________________ [Tenant Name 2] 1 Generally, this is an area in which the cost of housing (mortgage or rent plus expenses) exceeds 30% of the average net household income and which has been declared as such by the competent Administration. If your property is located in a stressed residential area (zona residencial ▇▇ ▇▇▇▇▇▇▇ tensionado), the rent will be subject to a series of limitations; for example, in relation to the agreed amount of rent or the conditions for its updating. To find out if your property is located in a stressed residential area, you should consult with the competent body of your region (Comunidad Autónoma).