implemented recently Housing Law brought about significant changes. arrangement rental prices. This measure aims to reduce tensions in the market and guarantee the right to decent housing for all citizens. Law No. 12/2023, State official bulletin (BOE)determines the special provisions that the owners must comply with. increase in rental price.
Know the limits and terms of increasing the rent
One of the main innovations Obligation to notify the tenant in advance of any increase in the rental price. In this way, increases in fraud are prevented and transparency in transactions is encouraged. If the owner does not comply with this requirement, the upload will be considered illegal. and will be subject to relevant sanctions set by law.
It is worth emphasizing that Rental increase notification must be made at least one month in advance and one year before the signing date of the contract.. In this way, it is guaranteed that both parties have sufficient time to evaluate and accept the new terms.
The Housing Law also sets clear limits for rent increases.. Throughout the year 2023, A maximum increase of 2% on the current price is allowed. In 2024, this limit was increased to 3% for all contracts in force, regardless of the size of the lessor.
If the landlord decides to make an increase above the set limits, the tenant has the right to terminate it and prevent it from being done.. The law thus protects the interests of the tenants and ensures that excessive increases will not occur.
Moreover, New legislation provides for an extraordinary option for extension at the end of the contract for renters.. This extension has an annual duration and can be extended up to a maximum of three years, keeping the same terms and conditions of the original contract.
With these measures, the Housing Code aims to balance the relations between landlords and tenants, promote stability in rental prices and provide greater legal certainty for both parties.
In summary, Rent increase in Spain is now regulated by new housing lawincreases, the maximum allowable limits and the legal consequences of non-compliance with these provisions. It is important for both landlords and tenants to be aware of their rights and obligations to avoid conflicts and ensure a fair and transparent rental market.