In Venezuela, some laws have been frozen in time. One of them is the Horizontal Property Law, in force since September 1958—a text written for a Caracas of low-rise homes, with no towers, no neighbors’ WhatsApp groups, and no assemblies held by video call. Now, real estate lawyer Rafael Ángel Viso Ingenuo, director of Procondominios, is pushing a bill to repeal it and bring the country into a new legal conversation.

The draft is no small undertaking: more than 236 articles, now in its sixth version. It also proposes submitting it to the Office of the President of the National Assembly, invoking the right to petition under Article 51 of the Constitution. What’s the hook for PitbullChain? Several of its proposals directly affect how Venezuelans generate, receive, and safeguard value in bolívares and digital dollars.

📊 Sunafin, delinquency and express collections: the gap P2P can fill

The proposal creates a National Superintendency of Real Estate Communities (Sunafin) and a national financing fund for the sector. But the point raising alarms — and presenting opportunities — is its direct crackdown on delinquency. According to Viso, an insolvent community member could not run for president of their community or use the common areas «at their neighbors’ expense».

The bill streamlines collection processes and aims to curb disruptions to life inside apartment buildings. This is where Venezuela’s crypto ecosystem has something to say. In many condominiums across the country, monthly fees are already calculated in dollars and paid in cash, through Pago Móvil or, increasingly, in USDT at the day’s exchange rate. If the law promotes immediate out-of-court collection mechanisms, the obvious question is whether property managers are prepared to accept digital payments, issue verifiable receipts and keep transparent accounts. A condominium board handling USDT without traceability is a legal problem waiting to erupt.

📈 Community e-voting: the unexpected tech nod

The bill promotes technological tools for voting and electronic participation in community elections. It sounds simple, but it’s huge: it means assemblies could stop depending on whoever shouts loudest on the court or on a little piece of paper signed at midnight.

From a blockchain perspective, this ties into a debate PitbullChain has been following: immutable records, auditable votes and minutes that can’t suddenly «appear» edited weeks later. You don’t need to tokenize a condominium to benefit from the idea. It’s enough for board decisions to be recorded in a register that no neighbor can delete at their convenience.

🔎 Full ownership: more properties, more liquidity, a bigger market

One of the most far-reaching changes concerns the Great Venezuela Housing Mission. The bill eliminates the awardee status and grants full ownership: properties would become privately owned through preferential loans, making them inheritable and marketable assets.

Put in real-market terms: if thousands of apartments that are currently «unsellable» start receiving full title, a universe of properties opens up that can be used as collateral, sold or even considered for real estate asset tokenization schemes. For Venezuelans saving in USDT to buy a home of their own, this changes the landscape. More formal supply also means more transactions in which someone will want to convert digital dollars to bolivars — or vice versa — to close the deal.

💰 The controversial point: goodbye to short-term rentals

Here’s the catch. The bill bans hotel operations and short-term rentals in residential properties in urban and coastal areas. The aim is to curb the disruption neighbors face when their building turns into a covert hotel, with tourists coming and going, suitcases at midnight and rental prices through the roof.

The problem is that many Venezuelans support their families by renting out rooms by the night in coastal areas, taking cash or USDT payments through apps. Banning this activity without offering alternatives could push these operations entirely into the informal economy — the exact opposite of what a law focused on accountability and forensic audits is trying to achieve.

🛡️ The PitbullChain perspective

📖 Read the full article: https://pitbullchain.com/noticias/nueva-ley-de-condominios-el-giro-que-puede-mover-tus-usdt-845212

https://public.bnbstatic.com/image/pgc/20261011/c6745fd44f254bdfbde98da54fe5eaf6.jpg

📊 Live rates and analysis at https://pitbullchain.com

$USDT #LeydePropiedadHorizontalVenezuela #USDTVenezuela #mercadoP2Pcripto #condominiosVenezuela #Sunafin