Is it possible to increase the rent at the end
The Urban Leasing Law (LAU) is the one that regulates all aspects related to rent. On many occasions we do not know if it is possible to increase the rent at the end of the contract or during its validity, and how to communicate it. There are many factors that determine renting apartments safely . At Housfy, we take care of the comprehensive rental management to resolve any questions and carry out the entire process legally . Forget about worries! Our experts will act as intermediaries to solve any incident. Rent your apartment and forget about worries 0% late payment. We take charge if the tenant does not pay. It is a question that owners often ask themselves. Inflation is affecting the entire population , which means there are many reasons to want to raise the price of rent.
Rent increase during the term of the contract
With the rise in the Consumer Price Index (CPI) , many landlords and tenants are considering raising rents. In the Coinbase Virtual Currency Database event that such an agreement does not exist, it involves increasing the CPI rent. Contract signed from April 1, 2015 to December 18, 2018. Contract signed from . When the income is reduced, lasting up to 5 years (or seven in the case of a legal entity), the update may not exceed the result of applying the CPI. Contract signed from January 25, 2019 to . The rent will be updated based on the mechanism agreed upon by both parties.
At the end of the contract
What happens to the rent increase at the end of the contract? In this case, he may increase the rent if he considers it necessary: firstly, with the signing of a new contract , or if they Philippines Telegram Number agree to continue the initial contract with the modification of the rental price. In the secon case, if the continuity of the initial contract is agree, a new contract will not have to be draw up but rather a contract extension Annex will be adde , with the price modification. The tenant may accept the new rent or, otherwise, the contract will end and the tenant will have to leave the home on the day specified in the document.