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What you need to know about world’s oldest rental agreement

The ancient city of Teos reveals oldest rental agreement. The document was written 2,200 years ago. There many lessons to be learned from it. It even had a guarantor and the elders of the city appear as a witnesses of the agreement. There are even penalties in case the building is used inappropriately. This is a tighter agreement that may self-managed properties that I’ve seen, lol.

Interesting lines include: Building will be used three days a year” and “If building neglected or harmed there is penalties” and get this “building will be inspects by the neos in every year”. Most self managed landlord I know today don’t even inspect their buildings. Have we learned nothing in the 2200 years since this agreement?

If we learned anything from this document, it’s inspect your buildings r get someone like Reliable1 to manage for you.

see the full document and video at: http://webtv.hurriyet.com.tr/haber/2200-yillik-kira-sozlesmesi-gun-isigina-cikarildi_136909

 

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