Real estate · Editor
Property Loan for Use Agreement
Version: Short
PROPERTY LOAN FOR USE AGREEMENT
In the city of Asunción, Republic of Paraguay, on [Date: e.g. 05/02/2026], appears on one side [Party A name: e.g. Juan Pérez], holder of ID No. [Party A ID: e.g. 1,234,567], domiciled at [Party A address: e.g. Asunción], hereinafter "PARTY A"; and on the other side [Party B name: e.g. María González], holder of ID/Tax ID No. [Party B ID/Tax ID: e.g. 80012345-6], domiciled at [Party B address: e.g. San Lorenzo], hereinafter "PARTY B". The parties state that they have sufficient capacity to bind themselves and agree to execute this private instrument, subject to the following clauses:
FIRST: PURPOSE
PARTY A and PARTY B agree to the free loan for use of the property identified as [Address: e.g. Barrio San Pablo, House No. 15], which the BORROWER receives for [Purpose: e.g. temporary housing]. This agreement shall be interpreted in good faith, according to its economic purpose and prudent Paraguayan legal practice.
SECOND: PRICE AND PAYMENT METHOD
As consideration, price, rent, contribution or economic acknowledgment, according to the nature of the act, the parties establish no rent or price is agreed, as this is a free-of-charge act; ordinary use expenses shall be borne by the BORROWER. Every payment must be documented by receipt, bank voucher or sufficient written record.
THIRD: TERM
The term or effectiveness shall be [Use term: e.g. 6 months], with an obligation of immediate return upon expiration or upon formal request. Any extension, suspension or amendment must be made in writing and physically or digitally signed by the parties.
FOURTH: OBLIGATIONS OF THE PARTIES
- The BORROWER shall preserve the property with due care and shall be liable for damages caused by improper use.
- The LENDER may inspect the property upon reasonable prior coordination.
- Use may not be assigned to third parties without written authorization.
EIGHTH: JURISDICTION
For any dispute arising from this instrument, the parties shall seek an amicable solution. If disagreement persists, they submit to the competent ordinary courts of the Republic of Paraguay, without prejudice to mandatory rules applicable by subject matter or territory.
NINTH: ACCEPTANCE
Having read this document and as evidence of agreement, the parties sign two counterparts of the same tenor and for one single effect, at the place and date indicated above.
PARTY A signature: ___________________________
PARTY B signature: ___________________________